Sears sues landlord and city over blocked sublease at Palm Beach Gardens mall

Sears has been trying to sublease the second floor of its store since 2011

Miami /
Jan.January 23, 2020 10:33 AM
The property at 3101 PGA Boulevard (Credit: Google Maps)

The property at 3101 PGA Boulevard (Credit: Google Maps)

TransformCo, the new owner of Sears, is suing The Gardens Mall and the city of Palm Beach Gardens over millions of dollars in rent it alleges it would earn from a sublessee.

Dick’s Sporting Goods terminated its sublease for the Sears store at The Gardens Mall, at 3101 PGA Boulevard, effective Dec. 20, which led Transform to file its latest lawsuit. The suit alleges the city and the mall worked together to block Dick’s sublease, according to the Palm Beach Post. The Forbes Company owns the mall.

Sears has been trying to sublease the second floor of its store since 2011. Transform said in its suit that The Gardens Mall and the city “finally succeeded” in preventing Sears from subleasing the space to Dick’s. Most recently, an application for new signs and entrances for Dick’s was blocked, according to the Post.

Transform is alleging that the city violated its First Amendment rights by violating Transform’s constitutional due process and retaliating against Transform for suing the city in 2014. The city and the mall denied the allegations. [Palm Beach Post]Katherine Kallergis


Related Articles

arrow_forward_ios
BridgeInvest's Alex Horn and Rieber Developments' Bernardo Rieber with a rendering of the project 
Rieber lands $15M loan for Aventura mixed-use project
Rieber lands $15M loan for Aventura mixed-use project
Arnaldo Bomnin and 8525 South Dixie Highway (Google Maps)
Bomnin Automotive pays $7M for former Pinecrest Mitsubishi dealership
Bomnin Automotive pays $7M for former Pinecrest Mitsubishi dealership
From left: 12034 Corozo Court in Palm Beach Gardens and William Weisberg (Photos via Providence Equity; ADHQ; Redfin)
Planet Fitness and Smoothie King operator sells Palm Beach Gardens home for $5M
Planet Fitness and Smoothie King operator sells Palm Beach Gardens home for $5M
21046 Commercial Trail, Boca Raton (Google Maps, iStock)
New bowling alley lease couldn’t keep South Florida’s retail market out of the gutter in Q4
New bowling alley lease couldn’t keep South Florida’s retail market out of the gutter in Q4
2195 Northwest 103rd Street (Google Maps, iStock)
Four South Florida gas stations sell for $15M
Four South Florida gas stations sell for $15M
Serena Williams with 7703 Bold Lad Road and 6431 River Pointe Way (Getty, Google Maps)
Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion
Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion
Nautical Ventures Marine CEO Roger Moore and Holman Automotive CEO Brian Bates with 1400 South Federal Highway (Google Maps)
Holman sells former Fort Lauderdale BMW dealership for $6M
Holman sells former Fort Lauderdale BMW dealership for $6M
Rendering of the Dorsey with Alex Karakhanian, Jon Paul Perez and Tricera’s Scott Sherman and Ben Mandel (iStock)
Related scores $88M construction loan for Dorsey project in Wynwood
Related scores $88M construction loan for Dorsey project in Wynwood
arrow_forward_ios

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

Loading...