PRUNEYARD CINEMAS, the beloved Campbell movie theater, is permanently closing its doors on Jan. 25 after eight years in business at The Pruneyard shopping center. The announcement comes weeks after the theater company filed a lawsuit against its landlord amid a bitter dispute over rental rates, court documents show.
The lawsuit, filed on Dec. 19, alleges Regency Centers — the Florida-based property company that owns The Pruneyard — unfairly raised rents for Pruneyard Cinemas, despite a range of market challenges dragging down the theater business. The lawsuit also accuses Regency Centers of mismanaging the shopping center, blaming the company for declining foot traffic and the departure of other nearby businesses.
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