Right away, some community advocates questioned the knowledge of getting a sizable pawnshop anchor a clear strip shopping center.
Could a used-goods store flanked by a lender that is payday economic development on St. Paul’s East Side?
The clear answer, it appears, isn’t any.
On Feb. 20, Pawn America will close a pawnshop that is 15,000-square-foot has offered while the single major tenant of 1855 Suburban Ave. for the last four years. An affiliated Payday America check-cashing and lending procedure will shut with it.
Building owner Peter Remes, a principal with all the Minneapolis real estate company First & First, stated he may simply just take appropriate action against Burnsville-based Pawn America within the broken rent. The strip that is empty, an old dealership, should be put up on the market.
“We are checking out any and all sorts of choices at this time,” Remes stated.
Shop officials would not get back a reporter’s calls, however a public-relations agency talking for the kids indicated they blame First & First for perhaps perhaps not building out of the strip shopping center and setting up tenants that are additional.
“The brief story is the fact that landlord failed to deliver regarding the development of the more expensive retail area that included the Pawn America shop,” said Mike Erlandson, a general general public affairs consultant whom came back a contact with respect to Pawn America.