Craft Warehouse, a craft-related retailer that sells craft supplies, is closing on Monday after three years.
The company said it would continue operations at the new location at 621 West Broad Street in Boston, Massachusetts.
Craft Warehouse said that on January 1, 2017, it closed the doors of its flagship location at 601 Massachusetts Avenue, which had been owned by a franchisee.
At the time of the closure, the store was located in the same building as the Massachusetts Avenue Store, a specialty store that opened in 2012 and which closed last year.
Craft Warehouse is owned by Gershwin, a company that specializes in specialty stores.
Craft Stores, which was acquired by the Seattle-based Gershevitch family in 2009, is a specialty retailer that specializes, among other things, in craft supplies.
The store, which has more than 400 locations across the U.S., opened its doors in November of 2012 in Portland, Oregon, and in 2014 opened its first location in Washington, D.C. The store now has more stores in New York, California, Maryland, and Virginia.
Gershvin’s first foray into the craft-oriented retail space came in 2010, when he bought the Seattle craft-retailing company Crafts & Hobbies for $1.3 billion.
Gershon has invested $1 billion in the Seattle space since that time, and is now the third-largest private-equity owner in the U of A.