Sentences with phrase «anchor stores»

«It gives us a greater number of anchor stores to deal with,» he notes.

The challenge is compounded by declining malls that fail to attract foot traffic as anchor stores drop like flies.

The two casinos in adjacent counties would act like anchor stores at a shopping mall, he said, helping the struggling towns in between.

Another challenge for shopping center owners is that most retailers, particularly the large anchor stores, are locked into 15 - to 20 - year leases.

They were lucky to find a buyer for any of it, 2 more anchor stores to go.

The mall operator would charge the smaller non - anchor stores higher rents.

The old Belk anchor store in Ocoee's West Oaks Mall has become vacant again.

According to a report in The Atlanta Journal - Constitution, the retail chain is closing seven Macy's stores in the market, including anchor stores at...

With so many big anchor stores closing in malls throughout America,... READ MORE >

Today, Belk is a staple in dozens of malls across America, with around half of its 300 US locations serving as anchor stores for shopping malls.

The ongoing question is how landlords will reuse the space when anchor stores like Macy's and specialty retailers adopt leaner store footprints.

Galyan's opened two lifestyle stores and five mall anchor stores last year.

Retail developments used to rely on anchor stores, but they're now dependent on a sense of place.

When so - called anchor stores pull out of a mall, the leases for the other smaller stores often become too high, so they relocate or close.

In an attempt to save themselves, many malls are replacing traditional anchor stores with places like restaurants and movie theaters, The Journal recently reported.

This was before the Sears anchor store closed down a few months ago so they may have shelved their plans.

In West Palm Beach, which sports the state's highest per capita income level ($ 33,518), vacancy numbers are down despite the loss of seven anchor stores last year.

GGP has been buying up and redeveloping anchor store properties at its malls, replacing struggling tenants — often department stores — with new options it thinks will do a better job drawing shoppers.

The value in B malls, which feature anchor stores like J.C. Penney (NYSE: JCP), is being driven by the mall subsector's higher capitalization rates.

Even today the typical anchor store pays around $ 4 per square foot in annual rent; the average non-anchor tenant paid $ 42.22 per square foot a year as of the third quarter of 2016, according to real estate analytics firm Reis.

A dead mall in my area just sold a stand alone anchor store, 200K sf and 12 acres of parking for $ 850K.

The other anchor stores in the mall are JC Penney and Macy's, which have had their woes well documented.

A home improvement anchor store, a Payless Shoes, Lane Bryant, Maurices, Sally Beauty Supply, T.J. Maxx and Fashion Bug are expected to fill out the north end of the development.

The town is preparing for a possible decrease in the assessed value of the Hudson Valley Mall, which lost two anchor stores before being sold for a fraction of its former value.

To give you an idea of how the Retail Apocalypse may change brick - and - mortar shopping, this mall is down to just single anchor stores.

Dave & Buster's will not be the only entertainment center hosting the U.S. location test for the new collaboration between Bandai Namco and Nintendo: the Round 1 anchor store located at Puente Hills Mall in City of Industry, California, now also has Pokkén Tournament.

Large locations that held anchor stores like Target and Future Shop may be replaced by two or three smaller tenants.

Specialty grocer Whole Foods is planning a 46,000 - square - foot anchor store for the project, well within the city's 50,000 - square - foot limit for new retail stores.

Leasing and project manager Eileen Stoner will supervise the leasing process for SRC, and G. Richard Hanor will focus his talents on acquiring anchor stores.

Davidowitz notes that while the market often looks to anchor store performance to assess the health of retail centers, specialty retailers pay most of the rent.

Sears (excluding freestanding) has primarily anchor store locations.

A Nike Factory Store, Forever 21 and Marshalls are among the six anchor stores announced Tuesday for the new outlet mall opening May 2 next to Edmonton International Airport.

Chicago - based GGP and Seritage Growth Properties, Sears» real estate investment trust spinoff, previously split ownership of 12 Sears anchor stores through a joint venture formed in 2015.

In April real - estate research firm Green Street Advisors noted that the shuttering of anchor stores could lead to the closures of hundreds of malls.

Smaller retailers followed, and as of Feb. 2016, 33 percent of the mall space — not including anchor stores — sat vacant, according to Bloomberg data.

During Gap's expansion into malls, the company did so with thousands of stores, many of which went into secondary or lackluster shopping centers that only became worse over time as anchor stores lost their ability to attract foot traffic, Davidowitz says.

When anchor stores close, it can be hard to find businesses to replace them, because they occupy the multistory buildings at mall entrances that are often at least 100,000 square feet.

GPI Cos. owns the separate 220,000 - square - foot Macy's property — the mall anchor store — and an accompanying 1,550 - car parking garage.

Two anchor stores closed in the last two years: JCPenney in 2015 and Macy's earlier this year.

Back then, only two of the mall's three large anchor stores — the Bon Marche and J.C. Penney — were part of national chains.

One of the three anchor stores in the Stanford Shopping Center is the iconic Bloomingdale's.

anchor store at Paragon Outlets Twin Cities at Eagan in the Greater Minneapolis / St.

With anchor stores like Giant Foods, Home Depot and Marshall's, Palmer Town Center in Easton, Penn., is decidedly outside the ranks of trophy properties.

We were definitely the anchor store in the mall, a fact upon which I could leverage many wonderful marketing relationships.

Instead, Nordstrom will be pulling merchandise from other mall - anchored stores and from its website.

While Nordstrom is still opening a slew of typical - size, mall - anchor stores, its latest strategy to move toward smaller locations shows how the company is battling retail headwinds.