Hoffman Family Acquires Vroman's and Book Soup from Joel Sheldon
1 report, 1 independent
Updated Sep 25
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What happened
Robert Hoffman and his family purchased Vroman's Bookstore and Book Soup from Joel Sheldon, who had owned the stores for 50 years. Hoffman stated that his family is committed to preserving the stores' legacy for the communities of Pasadena and West Hollywood. Separately, Sheldon sold the Vroman's building for $15.5 million to GD Realty Group last October.
From shelf-awareness.com
Why it matters
The acquisition signals a continuation of the retail presence of these long-standing businesses. The sale of the Vroman's building for $15.5 million suggests positive market health in Pasadena.
From shelf-awareness.com
Who's involved
- Book SoupBookstore in West Hollywood, purchased by Robert Hoffman and his family.
- PasadenaCity where the Vroman's building was sold for $15.5 million.
- Los AngelesCity where Book Soup operates.