Carson Pirie Scott’s corporate parent is suing Joseph Freed and Associates, accusing the developer of breach of contract for missing a $3 million payment promised to the retailer for exiting its flagship State Street store in 2007.
McRIL LLC, an entity associated with Carson parent Bon-Ton Stores Inc., claimed in a lawsuit filed Friday in a Chicago federal court that Freed and One South State Street LLC missed the final payment of a $22 million lease termination fee that was due March 1. Get the full story »