Tuesday 21 July 2020

Gap claims it doesn’t have to pay rent at any of Brookfield’s malls

Gap Inc. is firing back at landlord Brookfield Property Partners, a month after the latter sued the retailer for withholding rent. Five of Gap’s chains — Gap, Athleta, Banana Republic, Old Navy, and Janie & Jack — sued Brookfield affiliates, claiming that its obligations to pay rent ended when government restrictions forced the company to close stores across the country, according to Crain’s Chicago Business. In a complaint filed in Cook County Circuit Court, Gap



source https://therealdeal.com/2020/07/21/gap-claims-it-doesnt-have-to-pay-rent-at-any-of-brookfields-malls/

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