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New centers hold higher costs for tenants
As 20th Century malls give way to 21st Century mixed use centers, retail tenants need to arm themselves against giving away too much away during lease negotiations. That’s the caution of National Retail Tenants Association director Paul Kinney, who strongly advises retailers to consider both long and the short-term implications of the leases they sign.
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First Look: Indochino, King of Prussia, Pa.
Online made-to-measure retailer Indochino expands its brick-and-mortar footprint with its largest location to date, a 4,100-sq.-ft. space at King of Prussia mall, King of Prussia, Pa. The new outpost caps off a busy summer for the Canadian retailer, during which it also opened a second location in New York City, and flagships in Chicago and Washington, D.C. Earlier this year, the company opened two storefronts in Canada, in Edmonton and Vancouver. It currently has a total of 17 stores in North America.
