Vornado Sues Italian Retailer Krizia Over Back Rent, Vacating Madison Ave Store
Posted Friday, July 10th, 2009 at 15:12
Steve Roth’s Vornado Realty Trust is suing the Milan-based designer store Krizia S.p.A. for $343,333.33, plus interest and potentially more, for vacating its space at 769 Madison Avenue before its lease expired and for failing to pay rent.
The lawsuit, filed in state Supreme Court on June 11, alleges that Krizia chose to extend its $1 million annual lease, which was set to expire on March 31, 2009, for another five years—but then did not show…
