The shopping center world is abuzz with the recent decision in the Simon Property Group L.P. v. Starbucks Corporation
decision, which prevented Starbucks from shuttering 77 of its Teavana stores in Simon-owned or managed properties. While this decision is without doubt a tremendous victory for Simon, it is not a guarantee that other shopping centers owners or managers can prevent other retailers from closing their stores prematurely.
The Simon Property decision turned heavily on four facts specific to the dispute between Simon and Starbucks, which are not often present in retail closings.
For the full e-alert, including details on the four facts, click here