I am, sadly, biased when it comes to this place. Borders always seemed too crowded and at a distance that thoroughly annoyed my parents when I was growing up. As such, this little joint seemed the perfect place for my fictional rendevous. Now it doesn't have the largest selection. You won't find much Mishima or Henry Miller, but dammit, it has character, which is more than I can say for the superstore that is borders. Sadly, I can't say too much, since waldenbooks is now pretty much a subsidiary of borders, but think of this place as the lower rent, harder-core version of your chain bookstore.
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