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1 -However, the St. Anthony store operated with very disappointing <br /> 02 returns all through 1987 and 1988 and the retail sales were <br /> 3 discontinued in January. <br /> 4 -His company is now seeking more time to look for a subtenant for the <br /> 5 retail portion or perhaps for the whole location while they were <br /> 6 continuing the distribution center. <br /> 7 •A commercial broker was now working on subleasing the space. <br /> 8 Charles Diessnire, 110 International Centre, Minneapolis, Attorney for <br /> 9 Mid-America indicated the broker had reported having some prospects for <br /> 10 subleasing the space and had been furnished a copy of the lease to <br /> 11 evaluate those prospects to see if they fit the terms of the lease. The <br /> 12 Attorney added that Mid-America perceived the failure of the shopping <br /> 13 center to upgrade the center as they had promised when the company <br /> 14 leased the space had resulted in many more vacant spaces which the <br /> 15 company realized could cause them problems with trying to sublease <br /> 16 their location. Mr. Diessnire reported it had been because of that <br /> 17 realization that he and Mr. Gammill had consulted Mr. Childs to find out <br /> 18 whether they could continue to operate their distribution business and <br /> 19 keep the retail space empty while they looked for a business to sublease <br /> 20 that space. Mr. Diessnire indicated further that: <br /> 21 -There was not a high traffic business and no signage would be needed <br /> 22 to identify the distribution portion because the only trucks which <br /> 23 had to find them were those the company owned which brought supplies <br /> 4 to the St. Anthony location to be assembled by order and sent out by <br /> 5 company trucks to the various stores throughout the three states in <br /> 26 which Mid-America operates. <br /> 27 -The trucks normally come to the St. Anthony store only the first four <br /> 28 days of the week with only occasional trips on Fridays. <br /> 29 When Commissioner Hansen said he had been concerned that a different <br /> 30 retail in the store might require signage of its own, Mr. Gammill <br /> 31 reiterated that there was no reason for identifying the distribution <br /> 32 center in the front of the store and reiterated that there would be <br /> 33 minimal traffic connected to the business in the back of the store which <br /> 34 should have no impact on the mall traffic at all. <br /> 35 Mr. Diessnire emphasized that Mid-America and the center owners shared <br /> 36 the same objective of finding a new tenant for the entire space and the <br /> 37 worst scenario for Mid-America would be to have someone take only the <br /> 38 retail and leave them with warehouse space which is too expensive for <br /> 39 them to operate. However, he said they were willing to stay there and <br /> 40 to keep the distribution business operational while they were looking <br /> 41 for a new tenant. <br /> • 5 <br />