Palo Alto Online: “Rent Helped Kill Kepler’s”

An article on Palo Alto Online adds support for my suspicion that Kepler’s was stuck in a long, expensive, inflexible lease that was priced during the bubble days of 2000 or so.

An “inordinately high ‘pre-bubble’ rent structure” contributed to the financial crisis that forced Kepler’s Bookstore to close, David Johnson, Menlo Park’s business development officer, told City Council members in a late-morning e-mail today.

He said he is starting today on an “effort to find a suitable replacement business” for the central location on El Camino Real in downtown Menlo Park.

….

He said the city “worked with Clark Kepler to help him in seeking relief from an inordinately high ‘pre-bubble’ rent structure. No relief was granted.”

It seems like a group may have to form to buy both the bookstore and a retail space. I’m not sure whether it is even possible for an independent bookstore to survive in the current location on El Camino and Santa Cruz, which is owned by the Tan Group. The Tan Group refused to comment to the reporter from Palo Alto Online about the structure of its lease with Kepler. Here is the address and phone number for the Tan Group: 3630 El Camino Real, Palo Alto, CA 94306, 650.493.6500.

FRIDAY UPDATE: The Tan Group’s website appears to be down today. I wonder why.

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Kepler’s Closed

Last night a friend and I arrived at Kepler’s to find it closed–for good. That I may never again call someone and say, “Meet me along the fiction back wall at Kafka!” makes me feel sick. I will be posting links to coverage of this story and other Kepler’s information, memories, etc. If anyone is interested in joining a discussion about what we can do to keep an excellent independent bookseller in the area, please email me.

Here is the text of the letter posted by Clark Kepler on the bookstore’s door and online at keplers.com:

Dear Friend of Kepler’s,

After 50 years of bookselling in Menlo Park, Kepler’s is going out of business. The decision to close our doors has been one of the most difficult in my life. As much as we love what we do and would like to continue another 50 years, we simply cannot. The economic downturn since 2001 has proven to be more than we can rebound from.

I want to share my sorrow with this ending. Kepler’s has enjoyed the support of this community from our inception in the 1950s, through both turbulent and joyful times. I feel blessed to have personally served as this community’s bookseller for 26 of those years.

In today’s political and social climate I would like to be there with you and for you, providing books and writers with varied ideas and provocative opinions, but the constancy of change will not allow it. So, I want to express my heart felt gratitude and appreciation for your support over the years. It has been wonderful.

Sincerely,

Clark Kepler

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