Sentences with phrase «foot anchor store»

Not exact matches

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.

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

Extell Development's Central Park Tower at 217 West 57th Street — which has yet to secure a construction loan — has locked in a 363,000 - square - foot Nordstrom department store as its anchor tenant.

And a 250,000 square - foot Neiman Marcus store will anchor Related Companies» and Oxford Properties Group's 1 - million - square - foot retail complex at Hudson Yards on Manhattan's Far West Side.

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

He's moving into a 2,500 - square - foot former restaurant - supply store on the Bowery, joining an expanding community of galleries anchored by the New Museum.

Ideally situated on the busiest transportation corridor in the province of Alberta, the Queen Elizabeth II Highway, the innovative 1.2 million - square - foot shopping centre is the largest single level shopping centre in Alberta, with 17 large format anchors and more than 200 specialty stores and premium brand outlets.

Simon has 118 Penney stores totaling 17 million square feet in its malls, ranking it third behind Sears and Federated among Simon anchors.

Anchors at the malls range from JCPenney to Sears and Mervyn's and average mall store sales range between $ 290 and $ 331 per square foot for the three malls.

As longtime mall anchors J.C. Penney, Sears, and Macy's falter, shopping mall owners are looking to grocery stores, restaurants, fitness centers, and even health care clinics as chief drivers of foot traffic.

Glen Oak Plaza is a class - A shopping center anchored by an 11,944 - square - foot Trader Joe's specialty grocery store and a 15,754 - square - foot Walgreens, along with NorthShore University HealthSystem, FirstMerit Bank, Einstein Bros..

The nine acquired properties consist of 9.7 million square feet of GLA in six states, with 36 anchor stores and approximately 1,150 specialty shops, Westfield said.

INSIDE TUCSON BUSINESS By: Roger Yohem May 18, 2012 Four retailers, anchored by Tucson's first 50,000 - square - foot Hobby Lobby, will move onto the 7.4 - acre former Mervyn's department store site at the northeast corner of East Broadway and Craycroft Road.

The area's 71.3 million square feet of community / neighborhood centers (often anchored by grocery stores) had a vacancy of 7.9 percent; the 5.3 million square feet of power centers (typically big box and category killer stores) had a 1.8 percent vacancy; and the 10.7 million square feet of unanchored strip centers had a vacancy rate of 11.2 percent.

DeBartolo Development LLC acquired a portion of the 500,000 - square - foot Bradley Commons regional power center anchored by a Wal - Mart Supercenter and Kohl's department store in the Chicago suburb of Bradley, Ill..

«On average, mall owners derive about $ 4 to $ 5 a year per square foot in rent from department stores that are in anchor buildings,» Kopsky said.

The 4.9 million square feet of store closings will be especially painful for smaller shopping centers anchored by Borders's superstores.