City News

Real estate firm sues Eastland Mall

A Charlotte real estate company filed a lawsuit against Eastland Mall on Thursday, saying the mall owes the company money for bringing a new store to the center.

Southern Real Estate Company of Charlotte Inc. wants the court to collect any tenant rental fees the mall receives until the alleged $38,863.20 debt is satisfied.

The lawsuit, filed in the Mecklenburg County N.C. Superior Court, said the real estate firm was responsible for bringing the Surplus Warehouse store to the mall in early August.

The company alleges that, in return for attracting Surplus Warehouse to the center, it should have received a commission by Aug. 8.

Officials with mall owner Glimcher Realty Trust could not be reached Friday afternoon. Eastland general manager Marvin Snyder said he was not involved with the Southern Real Estate contract and therefore was unable to comment.

Eastland Mall has suffered from financial troubles for years, though it remains a popular shopper destination for urban apparel and accessories. Last month, Glimcher announced it would walk away from the mortgage.

Glimcher has been trying to sell the mall for three years, and major tenants such as Belk and Victoria's Secret have departed. Dillard's plans to close this fall.

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