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Sunday, 06/28/2009 6:27:22 AM

Sunday, June 28, 2009 6:27:22 AM

Post# of 288
Seaway / Hacketts is sued over rent
By DAVID WINTERS
TIMES STAFF WRITER
SATURDAY, JUNE 27, 2009
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CANTON — A plaza owner wants to evict the Hacketts store from its Potsdam location because of back rent owed.

GBR Market Street LLC and Potsdam Holdings LP filed a lawsuit Friday against Patrick Hackett Hardware Co. of Ogdensburg. The suit alleges Hacketts owes $56,851.42 in rent not paid since March 1.

A hearing on the suit is scheduled for July 6 in state Supreme Court.

The suit claims Hacketts signed a contract in August 2003 to lease the former Ames space on outer Market Street for $15,400 a month, along with paying $5,000 a month to cover maintenance costs.

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Hacketts had used some of its 61,600-square-foot space to lease to Canadian-based Giant Tiger in 2004. That store closed earlier this week.

Thomas W. Scozzafava, chief executive officer of Seaway Valley Corp., which owns Hacketts, didn't return a call Friday for comment.

Two Hacketts stores in Gouverneur and at St. Lawrence Centre mall in Massena are scheduled to close soon, along with the Canton store. Stores in Watertown and Pulaski closed earlier this year. The Ogdensburg, Potsdam, Sackets Harbor and Tupper Lake stores remain open.

The Potsdam store Friday had orange signs noting a 20 percent off storewide sale.

Seaway Valley Capital Corp. announced earlier this month it plans to sell $20 million in stock to pay down its debts. The company has been struggling to pay off a $5 million line of credit secured in January 2008 through Wells Fargo Bank.


http://www.watertowndailytimes.com/article/20090627/NEWS05/306279958


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