Call it a retail rumble, with Simon Property Group in one corner and its largest national tenant in the other. The largest shopping mall landlord has filed another lawsuit against the Gap. This one accuses the retailer of “taking opportunistic advantage” of the pandemic to avoid paying $107 million in overdue rent, even though some of its stores have reopened, Bloomberg reported. In June, Simon sued the Gap, saying it owed $66 million in rent.
source https://therealdeal.com/2020/08/06/simon-strikes-back-at-the-gap-with-107m-lawsuit/
No comments:
Post a Comment