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.
I`m guessing that the lease expired and the rent was way below market. Barnes & Noble is becoming a weak credit tenant and a landlord might want more rent to compensate for the credit risk. I`m also guessing that AMRE knows way more about the rental market than you.