Wednesday, 3 June 2020

Simon Property Group sues Gap for $66M in unpaid rent

The gloves are off between the biggest mall operator in the country and one of its most important tenants. Simon Property Group is suing Gap Inc. for its alleged “failure to pay more than $65.9 million in rent and other charges due,” according to a lawsuit filed Tuesday that was reviewed by The Real Deal. The complaint, filed in Delaware state court, marks an escalation in the battle between multinational retail tenants and the real



source https://therealdeal.com/2020/06/03/simon-property-group-sues-gap-for-66m-in-unpaid-rent/

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