Business

All That Glitters owner says he’s being forced out

After 30 years in the same location in the Madonna Plaza Shopping Center in San Luis Obispo, All That Glitters jewelry store is moving, but its owners aren’t sure where they’re going.

The store’s owner blames the new shopping center owner, Schottenstein Property Group, of Columbus, Ohio.

That company bought the roughly 319,000-square-foot shopping center in June.

“The company that bought the mall is pushing out small businesses,” All That Glitters CEO Travis McBurney said. “They’re in a small town, but they don’t want small businesses.”

The Tribune’s calls to Schottenstein were not returned.

On its website, the company describes itself as an, “owner, operator, acquirer and redeveloper of high quality, power/big box, community and neighborhood shopping centers in major population areas throughout the United States.”

McBurney said he has to be out of his old location at the beginning of the year.

“I would love to stay, but I don’t think it’s in the cards,” McBurney said.

He’s hoping to remain at Madonna Plaza, at a different location.

The 17,660 square-foot space that used to house Borders book store is still available. It is not known if the new mall owners have a tenant lined up to take that spot.

While McBurney is not sure where All That Glitters will move, he’s certain the company will remain open for business.

“We’re still going to be in business. We’re not going anywhere no matter what,” McBurney said.

Schottenstein owns interest in more than 156 properties in 27 states in excess of 21 million square feet of gross leasable area, according to its website.

National retail tenants such as Bed, Bath & Beyond and Wal-Mart anchor many of the company’s properties.

  Comments