Duane Reade is suing over WTC retail space it still can’t use

Drug store chain claims store isn’t “tenant ready”

New York /
Sep.September 10, 2018 03:30 PM

Westfield World Trade Center at 185 Greenwich Street (Credit: Getty Images)

More than four years after signing a lease at the Westfield World Trade Center mall, Duane Reade is suing the mall’s owner for failing to hand over the store in “tenant ready condition.”

Duane Reade wants the lease to be voided and a refund on the $171,407 it already spent on the deal, according to a complaint filed in New York Supreme Court Friday. The company claims it signed its lease in May 2014 and that it was promised the space would be ready by June 15, 2015.

A spokesperson for Unibail-Rodamco-Westfield, which operates the mall, did not immediately respond to a request for comment.

In July, Gap sued Westfield for alleged overcharges at two dozen malls. Earlier this year, prior to its $16 billion sale to Unibail-Rodamco, Westfield switched up the leadership of the WTC mall, which has been plagued by empty storefronts.


Related Articles

arrow_forward_ios
Why real estate shoppers are bagging grocery-anchored plazas
Why real estate shoppers are bagging grocery-anchored plazas
Why real estate shoppers are bagging grocery-anchored plazas
Macy’s CEO Jeff Gennette (Getty)
Macy’s converts 1M sf to fulfillment space
Macy’s converts 1M sf to fulfillment space
(Photo Illustration by The Real Deal with Getty)
Black Friday store traffic jumps, but sales don’t
Black Friday store traffic jumps, but sales don’t
Napa Valley hot-air-balloon business lists for $12M
Napa Valley hot-air-balloon business lists for $12M
Napa Valley hot-air-balloon business lists for $12M
A photo illustration of the proposed Lower Platte River Corridor (Getty, Plan Preserve Play NE)
Nebraska lawmakers mull digging $1B recreation lake
Nebraska lawmakers mull digging $1B recreation lake
Illustration of Stefan Soloviev (HaydenSoloviev, CC BY-SA 4.0, via Wikimedia Commons, Getty)
Soloviev bets long-dormant Midtown East site in casino sweepstakes
Soloviev bets long-dormant Midtown East site in casino sweepstakes
CHIP's Jay Martin and HCR Commissioner RuthAnne Visnauskas (Getty)
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
Lies, damn lies, and statistics: Did rent-stabilized vacancies really fall?
PulteGroup's Ryan R. Marshall and RedFin's Glenn Kelman (PulteGroup, RedFin, Getty)
Wall Street is bidding up housing stocks again
Wall Street is bidding up housing stocks again
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...