Amazon paying rent, but mall landlord sues anyway – Robert Khodadadian

Amazon was at a retail crossroads when it shut down its “4-star” stores. Now it’s being sued by the Crossgates Mall — despite still paying its rent. An affiliate of Pyramid Management Group, which owns the Albany mall, is taking the retail giant to court, the Times Union reported. The lawsuit alleges that Amazon, which shut down its store in March, owes the mall $629,000. The lawsuit is not about rent, which Amazon is paying

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Cross Post, Home Page, albany, amazon, Real Estate Lawsuits, Retail, shopping malls The Real Deal New York Read More