Pantera’s Pizza, at 7222 Manchester Road, has lost its lease, as reported here on Monday. The owner posted details in the shop:
“The short story is that this building was sold to a different owner last year after the original owner passed away. The new owners are using the renewal to change many of the lease terms to make them more favorable to them, along with a drastically increased monthly rent…we have chosen to walk away and look elsewhere.
“I thought the lease I had, offered me certain protections against what is being done. However, even with the help of two attorneys, we have been unable to work anything out. Simply put, a lease that was good enough between me and the elderly gentleman that used to own this building, becomes something completely different when inherited by a real estate investment company and their team of lawyers.
A 13-year employee in the shop Monday said the rent had quadrupled. “They obviously just want us out.”
Update: Owner of the building, Mark Rubin, contacted 40 South News, saying some of this information is incorrect. He said the new rent is closer to being doubled than quadrupled.
Pantera’s owner hopes to stay in the Maplewood area and is pursuing a spot that would include a sit-down area, as well as carryout and delivery, but says it could be well into 2015 before reopening.
Follow Pantera’s on Facebook for updates.