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 such situations, mall owners often look to bring in trendy tech tenants or repurpose the...
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