Saturday, August 11, 2018

“Quis custodiet ipsos custodes?”

Paul - what say you? 

West Ridge Mall. 


Paul Byrne
Associate Professor of Economics
Washburn University School of Business
310-G Henderson
1700 SW College Ave.
Topeka, KS 66621
785-670-1597


“Quis custodiet ipsos custodes?”

Thursday, May 31, 2018

West Ridge Mall - Estimates

A03A Kitchen              6,809 Long Term
A05A Rack Room              6,632 Long Term
A07C The Buckle              5,002 Long Term
A08B American Eagle              5,500 Long Term
B05 Justice              3,982 Long Term
B12A Trade Shoes              1,983 Long Term
B17A Victoria's Secret              4,346 Long Term
B19A Victoria's Secret              4,452 Long Term
Bo6 Lids              1,534 Long Term
C07A Nail Salon                  821 Long Term
C10 Smoothies                  825 Long Term
C11 Cookies                  716 Long Term
C16 Sunglass                  732 Long Term
D07A Kay              1,789 Long Term
D09A Bath N Body              4,055 Long Term
D10 Helzberg              2,093 Long Term
D13 Eddie Bauer              7,682 Long Term
D15 Riddles              1,239 Long Term
D24C Old Navy            22,446 Long Term
E01A Francesca              1,800 Long Term
e03c Icing              1,845 Long Term
E04 Mother Hood                  922 Long Term
E06A Regis              1,691 Long Term
F17 Christopher & Bank              2,865 Long Term
F19A Foot Locker              4,508 Long Term
F21A Zumiez              2,806 Long Term
H05 Spencer              2,111 Long Term
H06B Rue 21              5,065 Long Term
H08 Champs              4,954 Long Term
H09A Game Zone              2,810 Long Term
K14A Topsy's                  803 Long Term
K15 Elegant Nails              1,069 Long Term
K16A Armed Forces Recruiting               4,060 Long Term
Kirkland's              8,500 Long Term
Jock Nitch            10,330 Long Term
Sky Zone            30,000 Long Term
Petland              4,444 Long Term
C18A CJ Banks              3,514 Long Term
K03 Sprint                  780 Long Term
k06 T-Mobile                  982 Long Term
VC01 Subway                -                    817 Long Term
VC02 Express Japan                  490 Long Term
VC04 Kwan                  850 Long Term
VC06 Mexican                   748 Long Term
G05E Maurice's              5,316 Long Term 
G12 Candyoplolis              1,627 Long Term 
G18 Fat Ladies              3,488 Long Term 
G20 Hot Topic              1,460 Long Term 
G21A Zale's              2,202 Long Term 
G23 Yankee Candle              1,571 Long Term 
G24 Tea Room                  671 Long Term 
G25A Charlotte Russe              7,215 Long Term 
Gi7 Journey's              1,288 Long Term 
D05A The Children's Place              3,800 Long Term 
E07 Clair's                  775 Long Term 
         210,815
VC03 Chick Fil A                  778 Mo to MO
K01A Street Corner News                  279 Month to Month
F09 Lens Crafters              4,411 No optometrist
C15A Portraits              4,253 Short Term
G10C Hispanic Market              3,093 Short Term
G28A O Chi Reflexology              1,522 Short Term
H10A Petland Party Room              2,733 Short Term deal
VC 10A Phone Tenant              1,056 Short Term Deal 
F0108 Marshal Arts              4,855 Short term lease
F05 Lazear party room              1,100 Short term lease
F07 Later Tag              5,282 Short term lease
f23 LaRocca              1,509 Short term lease
Fo8 Payless              2,566 Bankrupt
F08 GNC                  794 Closing 600 stores
           34,231
F16A Vacant          1,181
A02 Vacant          3,663
B01 Vacant             854
B02 Vacant             786
B04 Vacant          1,012
B09B Vacant          9,682
C05 Vacant          4,052
C06A Vacant          1,800
C08 Vacant             829
C17 Vacant          1,816
D04 Vacant          1,834
E05 Vacant             687
E08 Vacant          1,257
E09 Vacant             940
E11B Vacant          2,061
F108 Vacant          4,598
G01A Vacant          5,428
G06A Vacant          4,029
G08A Vacant          4,404
G11 Vacant          1,097
H04 Vacant          2,071
K02A Vacant             263
K05 Vacant             605
K07 Vacant          1,020
K08 Vacant          1,194
K108 Vacant          1,540
K14C Vacant          1,940
Vacant  Vacant     112,700
VC09 Vacant             710
Vacant              500
Security           2,200 Security Office 
Totals      176,753          245,046
Total Gross Leasable Area     421,799 100%
Total Long term Lease     210,815 49.98%
Total Short Term Lease        34,231 8.12%
Total Vacant      176,753 41.90%

Saturday, April 28, 2018

ubiquitous treatment

I need help with the policy of where to put leasing signs........

Why is there NOT a leasing sign in front of Pizza Pub?? 
























Friday, April 6, 2018

....divine intervention ....PLEASE.


 From: Henry McClure <mcre@cox.net> 
Sent: Friday, April 6, 2018 10:31 AM
To: 'landlordnotice@washingtonprime.com' <landlordnotice@washingtonprime.com>
Cc: 'kim.green@washingtonprime.com' <kim.green@washingtonprime.com>; 'lou.conforti@washingtonprime.com' <lou.conforti@washingtonprime.com>
Subject: Keys to Pizza Pub @ West Ridge Mall are with Dale Anderson

I dropped off the keys to Dale Anderson.

What an unpleasant moment and an embarrassment for your company.

As I came in Celeste was sitting her desk and Dale Anderson was in the hall talking to Karen.  I announce to him I was turning in the keys. He looked down the end of his nose and told me to leave them with Celeste. I mentioned I wanted a receipt. He barked at Celeste giving the instructions to give me a receipt.

Then I asked about the freezing rolls deal – he rolled his eyes and made a waving gesture then walked in to Karen’s office and shut the door. Celeste seemed reluctant to sign the receipt and I asked her of have Dale sign it. She said “I do not want to lose my job”. I got her initials.

Soon Dale walked out and turned to go this his office. I said “Dale it is good to see you”  his response was “Henry it is NOT good to see you get your receipt and get out”.

Regardless of any business issues that might be unpleasant at the end of the day I’m a shopper with money to spend. The general Manager of a failing mall should be more welcoming. The space you own is over 50% vacant and people make a contest of counting the vacancies.

Lou Conforti has been on CNBC done other interviews and is rhetoric and Dale Anderson practices are diametrically opposite. As a stock holder I’m appalled at how you do business. As a Mall leasing manager from the MaceRich Company is see you company imploding in front of my eyes. As a real estate broker that has done 3 deals that took 8.67 months to get done I would never bring a deal to you company again. When Butch Knerr quit your goose was cooked.

You use the old play book of lawyering up instead of adding value and just doing deals. You never NOT lifted a finger to mitigate the damages of Pizza Pub. As one of the owners of Pizza pub we have wanted out of the mall from April 2017 and Ben Deiser did nothing. Ben promised a rent concession too. In fact we know he was told to back burner West Ridge Mall and just focus on Northwoods in Peoria. Dale Anderson mentions in email how heavy handed the mall is to local tenants and can’t wait to see him testify to that. You are blocking the Freezing Rolls assignment out of spite or stupidity.  

As the developer/Broker for Freezing rolls you are demanding $60K in damages. In reality you spent $8k with Falk Architects and never relocated the security office to make way for our deal. In fact Dale Anderson would not even let me in the space with Falk before the lease was signed. It sat on Chris Bailey’s desk for 45 days after the tenant executed it. This is no way to run a mall. We will pay the $8k for the new plans of the security office out of the security deposit and move us top Pizza Pub today. I can get the store open in 60 day if we press on.

As a stockholder killing the great life deal was the most idiotic move in local mall leasing. Dale Anderson working against the deal in the community was his ego gone awry. Dale is more interested in showing you his Vietnam war resume and help a deal get approved from a local broker. He is the epitome of it has to be “his idea” to fly. Tortious interference would be my claim against Dale except he interfered with his own companies contract. Churchill once commented about Neville Chamberlin “an empty carriage pulled up and out popped Neville Chamberlin.” Dale is an empty suit retired and does not know it.

My list could go on like the time I want to show master cuts. Called Ben Deiser 2 or 3 time and sent and email about my desire to show master cut later that day to a client. “Crickets” so I went to the Mall office where I was informed I need to give 24hour notice to show space. The client laughed and said “they do not want to lease space here; no wonder they have so much vacancy. She was prolific.

It is so sad to see the mall business dead. WPG is killing it in Topeka.

SAD.


Henry McClure
McClure Real Estate, LLC
5307 SW 28th Street
Topeka, KS 66614

785.383.9994 Cell
785.235.3353 Direct
         
Why wait to buy land? Buy land then wait!

http://mcrekansas.blogspot.com/

*********************************************************************
This email and any files transmitted with it are confidential
and intended solely for the individual or entity to
whom they are addressed.  If you have received this email
in error destroy it immediately.
**********************************************************************
            McClure Real Estate, LLC Confidential
**********************************************************************

Friday, March 9, 2018

West Ridge has spent years of high handed dealings with the main players in the area ...... understatement.




From: Dale Anderson [mailto:Dale.Anderson@washingtonprime.com]
Sent: Wednesday, June 21, 2017 9:43 AM
To: 'Henry McClure' <mcre@cox.net>
Cc: Michael Minns <Michael.Minns@washingtonprime.com>; Ben Deiser <Ben.Deiser@washingtonprime.com>
Subject: RE: West Ridge Mall

Unfortunately, my impression is that there is little interest in doing anything for the mall by the chamber, city or any other of the public organizations. They all seem to be very impressed with their efforts in Downtown. There is going to have to be a major shift in attitude to change that.

West Ridge has spent years of high handed dealings with the main players in the area and I think Simon likely carried the feeling for them to stay out of West Ridge business to an extreme. It is not going to be easy to change that perception. Until we are successful in proving we are a community player, my opinion is not much is going to change. I haven’t even been here 90 days and they have seen a succession of leaderships come and go. These folks are going to take a wait and see attitude.

If you disagree, please give me a solution. I all for any short cuts we can find.

Is the Great Life deal going to move forward without money from the city?

Dale

From: Henry McClure [mailto:mcre@cox.net]
Sent: Wednesday, June 21, 2017 9:23 AM
To: Dale Anderson <Dale.Anderson@washingtonprime.com>
Subject: RE: West Ridge Mall

Any ideas for Great Life

How do we use the member to promote the mall?

H

From: Dale Anderson [mailto:Dale.Anderson@washingtonprime.com]
Sent: Wednesday, June 21, 2017 9:17 AM
To: 'Henry McClure' <mcre@cox.net>
Subject: RE: West Ridge Mall

Thanks for the catch on the e-mail address.

Old system phone so I do not have direct dial (both a curse and blessing). We are working on getting the system upgraded.

Dale Anderson

From: Henry McClure [mailto:mcre@cox.net]
Sent: Wednesday, June 21, 2017 9:10 AM
To: Dale Anderson <Dale.Anderson@washingtonprime.com>
Subject: FW: West Ridge Mall

Look at you signature – you need to spell email right

Do you have a direct dial ?

H

From: Dale Anderson [mailto:Dale.Anderson@washingtonprime.com]
Sent: Friday, June 9, 2017 10:28 AM
To: sarah@artsconnecttopeka.org
Cc: 'Henry McClure' <mcre@cox.net>
Subject: West Ridge Mall

Thank you Henry for the introduction!

Sarah,

West Ridge Mall would be interested in working with your organization and would like to meet to discuss ways in which we could help each other. I look forward to connecting with you!

Best regards,

DALE ANDERSON
General Manager
WEST RIDGE MALL
Topeka, KS 66604
(785) 271 5500 Office
(785) 272 1483 Fax
dale.adnerson@washingtonprime.com


--

CONFIDENTIAL, PROTECTED AND NON-BINDING STATEMENT: This email and all other electronic communications from Washington Prime Group, or any of its affiliates and their respective representatives are for informational purposes only and contains information that may be confidential, be protected by the attorney-client or other applicable privileges or constitute non-public information. No such communication is intended by the sender to constitute an electronic signature, electronic record or any agreement by the sender to conduct a transaction by electronic means. The parties do not intend to be bound by this communication or any agreement until both agree to, sign and exchange signature pages to a formal written contract, and neither party may reasonably rely on any promises inconsistent with this paragraph. All pages included in this email are intended for the use of the party to whom it is addressed, and may contain information that is privileged, confidential and exempt from disclosure under applicable law. If the reader of this email is not the intended recipient, any use, dissemination, distribution or reproduction of this communication is strictly prohibited and may be unlawful. If you have received this message in error, please notify the sender immediately by email reply and please delete this message from your computer and destroy any copies.

Sunday, February 4, 2018

"Regional malls will surive as long as they evolve? They are still good real estate" = Mace Siegel

On the eve of the West Ridge Mall auction……some random thoughts come to mind. Did Topeka misrepresent itself to the Simon brothers?   Mel ...