The Fry’s Electronics store in Palo Alto will shut its doors in January, creating a vacancy in one of the city’s ripest areas for new development.
With its lease expiring on Jan. 31, the big box store, which has been located at 340 Portage Ave. in the city’s Ventura neighborhood since 1990, had no choice but to shutter, according to Manuel Valerio, spokesman for the chain computer hardware and home appliances retailer.
“If not for the lease not being renewable, Fry’s would happily keep the doors open in Palo Alto,” Valerio said in an email Thursday.
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