Mall isn't closing, but Rex departure adds to rumor mill
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By Jeff Haldiman
News Tribune
Capital Mall General Manager Craig Bock confirmed Monday that Rex Electronics had chosen not to renew its lease, which expires at the end of the month.
Officials at Rex's Dayton, Ohio, headquarters were not available for comment Monday.
However, Bock said, he also is having to control rumors other shops are pulling out, and that the mall itself will shut down.
Bock said there has been recent growth at the mall. He said Wilson's Total Fitness recently completed a 4,800-square-foot expansion of its facility.
To accommodate that growth, Bock said, Christopher and Banks moved to another location.
“That's the way the real estate business works,” said Bock. “You have businesses move in and you have them move out.”
Mall anchor stores Dillards and JCPenney own their buildings. General Growth Properties, which owns the land, only is responsible for maintaining the parking lots and sidewalks.
“Now Sears is a tenant of ours,” Bock said. “However, there is nothing factual to reports that Sears is leaving.”
Bock also pointed out General Growth owns the land on which Hy-Vee, Pizza Hut, Wendy's, Central Bank, Red Lobster and Hardee's are located.
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boscoe wrote on Jan 15, 2009 12:40 PM: