Monday, 3 August 2020

Banana Republic sues to stay in Rockefeller Center

On an average day, Rockefeller Center draws 470,000 visitors. It’s been five months since its last average day, though. Now Banana Republic is arguing that the purpose of its lease at the famous site has been frustrated, freeing it from the obligation to pay rent. The national clothing retailer, housed within the International Building, is at risk for a lease termination for skipping out on $791,600 a month in rent. Now the retailer is suing



source https://therealdeal.com/2020/08/03/banana-republic-sues-to-stay-in-rockefeller-center/

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