The Bloomingdale’s Outlet on 72nd Street and Broadway was sued by its landlord over unpaid rent, according to an article in The Real Deal.
The famed retailer began skipping rent payments in April and now owes nearly $2.5 million on its outlet at 2085 Broadway, the landlord alleges in a lawsuit. The lease for the store states Bloomingdale’s will pay the Stahl Organization $437,500 of fixed rent plus a percentage sales.
Whether the suit is successful may depend on whether a judge allows Bloomingdale’s to declare force majeure — a term that basically means that the company couldn’t pay because of an act outside of its control.
Retailers throughout the neighborhood are struggling amid the pandemic, with several store closures in the past few months.
Bloomingdale’s didn’t comment about the suit to The Real Deal.