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Lowe’s closes Ti store

No formal announcement

David Lilkas, Lowe’s Ticonderoga store manager, welcomed local dignitaries and visitors to the store during a grand opening ceremony in 2009.

David Lilkas, Lowe’s Ticonderoga store manager, welcomed local dignitaries and visitors to the store during a grand opening ceremony in 2009.

— Lentz said Lowe’s leased its store building in Ticonderoga. According to the town and county assessment roll, the building is owned by Cole LO Ticonderoga LLC, based in North Wilkesboro, N.C. It was constructed by Ticonderoga Property Development LLC, which sold it to Cole LO. The building is assessed at $8.2 million.

“We will work with the building’s owner to find a new tenant,” Lentz said.

Cole had the property advertised on the internet Monday afternoon. The ads reads, “The newly-developed property is a big box retail building located just south of Highway 74 on Wicker Street. Ticonderoga is a resort town located in the Adirondacks at the northern tip of Lake George with over 137,000 year-round residents and an additional 200,000 seasonal residents.”

Lowe’s fiscal second-quarter earnings edged down 0.2 percent .

“Despite some recovery in our seasonal business, our performance for the quarter fell short of our expectations,” said Chief Executive Robert A. Niblock.

Lowe’s Companies, Inc. is a Fortune 50 company that serves approximately 14 million customers a week at more than 1,650 home improvement stores in the United States and Canada.

Founded in 1946 and based in Mooresville, N.C., Lowe’s is the second-largest home improvement retailer in the world. For more information visit Lowes.com.

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