Projo Biz Blog

iParty Corp. (IPT:AMEX), said this morning it has acquired two retail party goods stores in Lincoln and Warwick that previously operated as Party City franchise stores. The purchase price for the two stores was $1.35 million, plus about $195,000 for associated inventory, paid in cash to the selling group.

The Lincoln store is in the Lincoln Mall and the Warwick store is located in the Cowessett Corners Shopping Center on Quaker Lane. Both locations were converted into iParty stores immediately following the closing.

iParty Corp has its headquarters in Dedham and operates 50 retail stores.

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