Office Depot to close
One of the largest office supply retailers in the country announced last week that it will close 112 of its more than 1,000 stores nationwide. Only one of its stores in Minnesota will close -- the Office Depot in Woodbury Village, which opened in fall of 2006.
The news came as a surprise to officials at Robert Muir Companies, who own the Woodbury Village development along Valley Creek Drive.
Office Depot has a long-term lease with the mall, said Hans Rasmussen, president for Robert Muir Companies, who found out the tenant would be leaving its 20,000-plus square-foot space via media reports.
"We haven't spoken with them yet," Rasmussen said. "But we won't want to have an empty store.
Office Depot officials said the store, which employs about 30 people, will close within 12 weeks.
Rasmussen said the mall will look for a replacement tenant for the store as soon as possible.
Long-term leases typically last 10 years, so Rasmussen said the mall will likely ask Office Depot to pay rent until a new tenant is found.
"We think they'll want to work something out," he said.
If the Office Depot location is vacant before a new tenant fills the space, it wouldn't be alone. Currently, there are three other Woodbury Villages spaces along the same stretch as the Office Depot location that are empty and advertising for tenants.
The Woodbury Village development was first constructed in 1991. Robert Muir Companies also developed Tamarack Village.