The Bethesda Row Barnes and Noble, found on the corner of Bethesda and Woodmont avenues, will close its doors at the end of 2017.
The store had hoped to renegotiate its lease to stay in the space, however they could not come to terms with the property owner.
Barnes and Noble moved into the location in 1996 and has been a community staple for the past thirty years. However, with the rise of online shopping and Amazon's control of the bookselling marketplace, the company has consistently faced declining sales at its brick-and-mortar locations.
It is likely that the store would have required lower rent in order to offset declining retail sales, which the property owners seem to have rejected.
The store will close at the end of 2017, leaving just 9 Barnes and Noble locations in the Washington DC area. When the Bethesda store closes, the closest Barnes and Noble to area residents will be on Rockville Pike.