January 11, 2018 Article

How a Shopping Mall Property Group Finally Stopped Retail Stores from Closing

An Indiana judge has made an unprecedented decision to force Starbucks' subsidiary Teavana to continue operating stores it intended to close prior to the end of the terms of its leases

By David J. Marmins

A major retail landlord recently won a case that is reverberating throughout the retail industry. An Indiana Superior Court Judge has granted Simon Property Group’s request to enjoin Starbucks from closing 77 of its Teavana stores at Simon malls all around the country. Forcing these stores to remain open and operational is significant given that the Teavana stores are not considered anchor tenants at any of those malls.

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