The owner of a Godfrey shopping center says one of its former tenants owes more than $416,000 in unpaid rent.
Midwest Asset Group LLC filed a lawsuit Feb. 14 in Madison County Circuit Court against Hoods Discount Home Center Inc.
Hoods leased a 29,000 square foot space in the Monticello Plaza Shopping Center in April 2010, according to the complaint. Hoods allegedly signed a contract agreeing to pay rent and common-area maintenance fees. Midwest Asset Group claims in January 2011 the contract was extended with a new expiration date of March 2016.
As of the end of January of this year, Midwest Asset Group alleges Hoods has failed to pay more than $54,000 in rent and has since vacated the Godfrey Road shopping center.
Midwest Asset Group asks for a judgement more than $416,000 for past due rent, the balance of the remainder of the contract through 2016 plus court costs.
Attorney Ronald D. Lowery of Edwardsville represents Midwest Asset Group.
Madison County Circuit Court Case No. 13-L-230