DeKALB – The Caribou Coffee and Hallmark locations on Sycamore Road have closed within the past week, with a third store scheduled to close nearby in March.
An assistant manager at Deals said that store at 2359 Sycamore Road will close March 17. Assistant manager Nick Rebellato said he will be looking for another job after a combination of poor sales and high rent brought on the closure.
“I know (the rent) has been raised a few times within the past few years,” said Rebellato, who did not handle negotiations surrounding the rent.
The back half of Deals had been taped off from the general public; there were no products sitting on those shelves. Rebellato said the store manager was transferred to another location.
Mid-America Asset Management is the landlord for Deals, Caribou Coffee, Hallmark and others in the area, said Roger Hopkins, DeKalb’s economic development consultant. Calls to Mid-America were not returned Tuesday.
The city’s economic development staff is working with Mid-America to bring tenants to those locations, Hopkins said.
A new tenant has been found for the Deals location, but Hopkins declined to identify it.
New tenants could apply for tax rebate incentives, but they would have to be approved by the DeKalb City Council, Hopkins said.
Managers at other nearby businesses in the shopping plaza – Michaels, Famous Footwear, Barnes & Noble, Qdoba, Pier 1 Imports, Bath & Body Works, Maurices, GameStop and Verizon Wireless – said they plan to remain open for the foreseeable future. Hopkins said T.J. Maxx managers recently renewed a lease there.
“We’re not going anywhere. Business is great,” said Jenny Roof, manager of Maurices at 2451 Sycamore Road. “I have a lease here for a long time, and as a company, we are doing great.”
Caribou Coffee closed Sunday; a sign on its door Tuesday directed people to its location at HyVee at 2700 DeKalb Ave. in Sycamore.
On Tuesday, a handwritten “Store Closed” sign was on the doors of Hallmark at 2445 Sycamore Road.
Employees inside appeared to be packing the store’s inventory.