Afterwards four years in business, Vowell’s Market Place on North Hills in Meridian will aing its doors Nov. 1.
Todd Vowell, admiral of Triple V, Inc. — the store’s accumulated ancestor — said the 35-40 advisers at the Northridge Plaza breadth will be beatific to added Triple V food in the area, including the Cash Saver on North Frontage Street in Meridian.
Triple V owns 13 grocery food in Mississippi and six in Alabama.
The Northridge Plaza breadth opened in October 2013.
“It hurts to do it,” Vowell said. “We are actual apologetic for the aggravation to our abundant barter and to our co-tenants.
Does Meridian accept abundant grocery arcade options?
“Unfortunately, afterwards all-encompassing charter negotiations with the acreage buyer and their abhorrence to accommodate abundant acreage improvements, we had to accomplish the actual boxy accommodation to aing the North Hills location.”
Vowell said the freeholder is based in New York City. Listed as HPA Northridge, LLC on the canton tax rolls, no one from the aggregation could be accomplished for comment.
The arcade centermost acreage is up for auction on Loopnet.com for $4.5 million. Jackson-based Arcade Centermost Group’s website additionally lists 44,512 aboveboard anxiety of grocery ballast amplitude as “coming available” for lease.
Calls to both absolute acreage offices were not returned.
Lauderdale Canton Tax Assessor arch agent Whitney Hodges said HPA Northridge has endemic the 10-acre acreage back 2007.
According to cloister documents, HPA Northridge, LLC filed for affiliate 11 defalcation on Dec. 2, 2016 in the Defalcation Cloister Southern District of New York. Cloister annal from January 2017 appearance that the acreage is “encumbered by a $2,579,000 accomplishment of assurance affirmation captivated by the SJ Assurance and DJ Trust.”
“Based aloft a ahead accustomed offer, the Acreage amount is about $4,100,000,” cloister annal say. “… The agenda accomplished on August 7, 2015. Back that time, the Debtor has approved to refinance or advertise the Property. But the Debtor’s charter to Southern Family Markets, the Property’s ballast tenant, expires in about 9 months, and the addressee has until March 2017 to adjudge whether to renew. Until the ballast addressee provides notice, it is absurd to refinance.”
Managers at Anytime Fitness and the Corkscrew Wine and Spirits — both Northridge tenants — did not appetite to animadversion about the situation, but both adumbrated they were not acquainted of affairs to aing or relocate.
Vowell said the aggregation would like to accessible addition abundance in Meridian and is “actively seeking” means to do so, “but unless and until that befalling presents itself, we attending advanced to confined you at our Cash Saver location.”
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