After 25 Years, Houshiarnejad Is Going Out of Business
Real estate costs kept driving rents up at the local landmark.
Mahmaud Houshiarnejad said his head was spinning. He stood near the center of his upscale, Persian rug store, Houshiarnejad's Collection, on Kings Highway East on a recent weekday and admitted he didn't have a clue what he would do next, when his doors closed for the last time and the creditors came to collect what was left. "My whole, entire life is this business," he said, quietly, as opera played softly in the background. "I worked to grow this business. I don't have a stomach for what to do next. I need to put my brain at rest." Houshiarnejad, 58, an Iranian-born U.S. citizen, said he doesn't blame anyone for his business closing. The economy has not been kind to him recently—a plight in which he is not alone in Haddonfield. He pointed…
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