Rubinstein’s sells West Chester building
Rubinstein’s holding clearance sale at its West Chester location; company will be concentrating on national business market
Marc Rubinstein said the family business sold its building at 250 E. Market St. to developer Eli Kahn.
After a century of providing everything from pens and pencils to copy paper and fax machines to borough shoppers, Rubinstein’s Office Supply & Furniture is getting out of the retail office supplies business.
Marc Rubinstein, president of the company founded in 1915, said Friday the family business sold its building at 250 E. Market St. to developer Eli Kahn.
The company, however, is not going out of business. Instead, it is moving into offices at the American Helicopter Museum in West Goshen and will expand its national office supply offerings to business clients through a network of warehouses. It will no longer have a store but it will continue its next-day delivery for customers signed up for that service.
“Rubinstein’s Office Supply & Furniture (Friday) announced that they have sold their building ... and will have an ‘Everything Must Go Sale,’” the company said in a release. “Discounts of over 50 percent off on all office supplies, office furniture, and art supplies will be available while inventory lasts. We will be open seven days a weeks for our customers’ convenience.
“This was part of our strategic plan to focus entirely on our commercial office supply business, as we expand across the country,” said Marc Rubinstein, who provided a brief history of the family business to the Daily Local News.
Established in 1915, Rubinstein’s initially began as a bookbinding shop. Isadore Rubinstein,
an immigrant from Poland, started the business from scratch. Isadore Rubinstein built a building on the corner of Market and Walnut streets in West Chester where Rubinstein’s functioned for 65 years. The founder also diversified into office supplies, toys and sporting goods.
His son, Samuel, grew up in the business.
“Sam made the business into a local institution with the reputation of having everything,” the history states.
Michael Rubinstein joined the
business after graduating Boston University, adding a sales force and satellite retail locations. He moved the business to the current location in the 1980s.
Now Michael’s son, Marc, said the time is right to compete in the business market on a national basis against the likes of Staples and Office Depot.
“We do very well against those guys,” Rubinstein said. “We’re leaner, we run a tighter ship.
“It was just the right timing, it was not that business was bad,” said Marc Rubinstien, who called
Kahn a longtime family friend. “It is part of the plan to grow the business-to-business (segment). The commercial side is doing tremendous, that’s why we’re focusing on that.”
Rubinstein said the operation has around 30 employees and most will continue with the business.
Rubinstein’s closed its store in Kennett Square in late June after 35 years in business there.
Kahn said he has no specific plans for the West Chester property but called it “a good piece of real estate.” Neither he nor Rubinstein would disclose the transaction price.
“It ties in to the real estate development we’ve been working on in the borough,” said Kahn.
The property includes two buildings – the store and a warehouse – encompassing about 70,000 square feet of space, Kahn said.
To contact Business Editor Brian McCullough, call 610235-2655 or send an email to email@example.com.
The Rubinstein’s building on East Market Street in West Chester has been sold to a developer.