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AmREIT, Inc. Message Board

  • heathcliffelrk heathcliffelrk Nov 17, 2012 3:41 PM Flag

    AMRE raising rents ~100 % -- tenant leaving

    I just spoke to an employee of my local Barnes & Noble, a long-time tenant of AMRI's MacArthur Park shopping center, in Irving/Las Colinas Texas. Apparently, AMRI tried raising the rent on B&N ~ 100%. B&N balked, and is now closing the store. --- Leaving yet another vacancy in this property, which is in a prime location, but which seems to perpetually lose tenants.

    The economy is barely treading water, and the landlord wants WHAT KIND OF RENT INCREASE? AMRI is apparently giving marching orders to its managers to screw the tenants.

    Too bad.

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