Concord Mills was awarded over $600,000 in a tenant dispute with a high-end footwear retailer just 11 days before the store’s parent company filed for Chapter 11 bankruptcy protection.
Mall at Concord Mills Limited Partnership, which is affiliated with the Concord mall’s owner and operator Simon based in Indianapolis, was awarded $606,200, plus over $90,000 in attorney fees, from A Sneaker City Charlotte on June 29 in Cabarrus County Superior Court.
The Albany, N.Y.-based retailer sells, buys and trades sneakers and streetwear. The complaint, filed in March, alleged Sneaker City breached its lease for past rent and fee balance of $105,826 and present value of future rents of over $500,373, court documents show…