Wednesday, May 12, 2004

Old Nemesis

Have despised Sears since my company used to clean several of their stores, in the 80's.  Their managers were the meanest, nastiest, least honorable people we had to deal with in The Dirt Bidness, almost as if they had a special finishing school where managers-to-be were taught to abuse, belittle and take advantage of their contractors.  (I understand the people who ran that school now work for our intelligence agency in Iraq.)

Regardless, when the casino moved out of Moovalya Plaza I had this gaping hole in the rent roll.  In a town of 3500, who is going to rent a space of more than 20,000 feet?  Along comes a Sears franchisee.  Blah, blah, blah and I cut out a prime space for him of 8000 sf on a percentage rent basis based on his predictions of how much business the store will do (dumb, dumb, dumb).  End result: effective rent/sf is half of the second-lowest rate in the entire center; most obstreperous tenant, least professional staff, won't clean up their trash out back etc.etc.

Now comes said Sears schmutz, axing for an extension at the same terms.  Heh, heh, heh.

As Tony Soprano so eloquently put it, "Revenge is like a plate of cold cuts."

1 comment:

Anonymous said...

I would guess that you've learned your Sear's lesson once and for all.  You are just too nice a guy in a world filled with Sear's managers!!
xo