Falmouth Shopping Center Trying to Evict Ocean State Job Lot
The Falmouth Shopping Center was bought in March and the new owners promptly served new tenant Ocean State Job Lot with an eviction notice.
According to the Portland Press Herald, Ocean State Job lot spent $1.3 million to renovate their space in the Falmouth Shopping Center when the moved in last October. The shopping center was bought in March by Joseph Soley and Jonathan Cohen and shortly after served Ocean State Job Lot with an eviction notice in March claiming there was a "technicality in the exchange of documents." Ocean State Job Lot plans to fight the eviction notice.
Joseph Soley, who pretty much owns most of Portland, has made the news many times over the years over real estate dealings. It makes us wonder what the real motivation is for the eviction. The store has been welcomed by Falmouth residents and is an anchor in what has been a failing shopping center for years. Ocean State Job Lot has taken over many former department stores across the state to keep shopping centers in business.
We'll keep our eye on how this plays out as it likely will be left for a court to decide on an outcome.