Simon suing another Circle Centre food court tenant

September 17, 2013
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Circle Centre mall’s food court could be losing another tenant.

frullati circle centre 225pxFrullati Cafe & Bakery, operated by Scottsdale, Ariz.-based Kahala Corp., owes the mall at least $23,439 in back rent, according to a lawsuit filed Sept. 10 by landlord Simon Property Group Inc. in Marion Superior Court.

Circle Centre mall’s food court already has one vacancy. Currito, which closed in May after parent company Nicar Enterprises Inc. of Hamilton, Ohio, fell behind $23,581 in rent, according to a lawsuit filed in February.

The lawsuit naming Frullati follows a letter Simon sent to parent Kahala in July notifying the company of the delinquency.

Frullati, which operates in 917 square feet at the third-floor food court, signed a 10-year lease in August 2005. The company pays $96,129.11 per year, or roughly $8,010 each month, in base rent, according to the suit.

Bill French, a retail broker at Cassidy Turley, said a certain amount of turnover at food courts is to be expected. Tenants need a lot of traffic, which can be difficult to achieve during summer months when more people tend to stay outside.

Kahala did not respond to a request for comment. Frullati has one other location in Indianapolis, at Castleton Square Mall.

Besides Frullati, Kahala’s brands include Blimpie and Cold Stone Creamery.
 

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  • Wow Rent is That High!!
    That is just too much to pay for a lease! It's a wonder there are any tenants in the food court area at all!
  • $105 a square foot
    Is that what my math is giving me? Good gracious. Also article said "base" rent there are very well CAM charges on top of that. Locals can't afford it. Corporate can't afford it.
  • Uh...This is a mall
    You guys clearly don't understand how leasing at a shopping mall works. You cannot compare rent for a commercial space in a mall to residential rent. Circle Centre rent prices are comparable to similar malls across the country.
    • Sorry Still Too Much
      I am familiar with commercial leasing costs etc.., and sorry the rent is too high! Costs in California are most certainly going to be higher.Suck blood, it's a wonder they have any tenants in CCM!
    • Dirty Laundry
      I am amazed that the IBJ considers this newsworthy infomation. Tenants owe landlord's back rents all the time and you don't see any one else airing their tenant's dirty laundry in the news! Why Simon (not the first time I've seen this)? What advantage do they gainh by doing this? It appears the real intent is to publicly humiliate the struggling retailer! Customers don't understand how much retailers pay in rent and associated costs or there were be a lot more support and less Amazon buying. Support your local retailers!
    • Rent
      Understanding Food Court leases can be a tricky situation. I really falls back on the Leasing Agent to insure that tenants of quality are there to support the food court. You want to make it an experience to shop,using the food court to compliment the experience. You can't have trinket shops through the property and expect the food court to survive. To many junk retailers in enough Simon malls already. To many Leasing Agents take the easy way out to fill the system.

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