3 Ways Malls Are Repositioning Amid Anchor Store Exits

Law360, Minneapolis (October 20, 2016, 12:55 PM EDT) -- Traditional plans for shopping malls have called for one or more large anchor tenants the likes of Macy’s, JCPenney or Sears, but with those and other large retailers continuing to contract amid pressure from online retailers, experts say mall owners are having to rethink the layout and financing of their properties.

Macy's said this summer it's closing an additional 100 stores, and lawyers say the loss of such a large tenant could spell major trouble for foot traffic and cause problems when it comes to refinancing. In...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.