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December 31, 2017“Simon Property Group Inc. has won a significant victory in its bid to stop Starbucks Corp. from closing 77 Teavana stores in its malls across the country. Indianapolis-based Simon, the country’s largest shopping mall operator, sued Starbucks in August seeking temporary and permanent injunctions to prevent the coffee giant from breaching its leases —some of which extend as far as January 2027. A Marion Superior Court judge has sided with Simon and granted the company’s request for the temporary injunction until the case is decided . . .”
Source: Indiana Lawyer – Judge sides with Simon, bars Starbucks from closing Teavana stores
Potential case law developing for temporary or permanent injunctive relief to enforce continuous operations covenants in commercial real estate leases against a non-anchor tenant.
Note: The views expressed are solely the opinion of the author.
Image source: Indiana Lawyer
Source: Indiana Lawyer – Judge sides with Simon, bars Starbucks from closing Teavana stores
