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Clothier Calls It Quits After 51 Years

ORLANDO-Richard Livingston, president/owner of Russell's Inc., a Downtown Eustis, FL retail landmark, is selling the 10,000-sf, two-story property to a nearby proprietor for an undisclosed sum. Eustis is 30 miles northwest of Downtown Orlando.

By Alex Finkelstein | Updated on October 08, 2000

ORLANDO-After 51 years as a Downtown Eustis, FL landmark, clothier Russells Inc. is closing its doors at year end, not because the business is failing but because the owner has accepted an executive position with a retail supplier.

Richard Livingston, the firm’s president who inherited the business from his father 18 years ago, says he has an offer but no contract yet from a nearby proprietor for the 10,000-sf, two-story property at 25 Magnolia Ave. The offering price wasn’t disclosed.

However, the sale’s closing, but not the deal itself, may be formally delayed because of a city-state clause in a $40,000 property improvement grant Livingston received last year. The clause stipulates Livingston has to repay the $40,000 if he sells the property within two years after receiving the grant.

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