I would like to say that I don't usually kick someone when they are 'down' but in this case I will make an exception.
As of 2/2/14, Tino Venturi's strip mall still has 5 of the 17 units empty. Just 2 blocks south of here 2 strip malls have virtually no tenants so it is a bad time for finding small businesses to rent store fronts.
For all the b.s. we had to put up with from Venturi and his lawyer I am pleased that he is taking a substantial hit in the wallet.
5 Spaces Available
Suite 2 - 1,400 SF
Suite 14/15 - 2,350 SF
Suite 16/17 - 3,500 SF (Medical Office - Turnkey Medical Suite).
Venturi takes major hit despite $14K award.
On or about June 13, 2012 the Kennesaw Pawn Shop location closed down. Units 1 & 2 were occupied by the shop, this is a double wide unit with 3,189 sq ft which rented for $14.50 pr sq ft yearly for $46,240 or $3,853 on a monthly basis.
At this writing the units have been empty for 9 1/2 months with no sign of any interest by other stores for these 2 units or 2 other empty units in the Mack Dobbs strip mall.
The recent award of $14,000 in arbitration to property owner Venturi represented about 3 1/2 months of rental income. This arbitration award probably was enough to pay his lawyer Mr Sams.
Clearly Mr. Venturi took a heavy hit in his pocket book which is just fine with area home owners, perhaps it will teach him a lesson about double crossing us by putting in a Pawn Shop when he well knew it was prohibited by his own stipulation years ago.