We spent some time with Excess Space Retail Services’ president, Michael Wiener, to lay out what opportunities now present themselves to retail chains.
Through the pandemic and a Chapter 11 restructuring, one of the nation’s largest owners of regional malls reports that it put tenants in 1.4 million sq. ft. of newly leased space as it attempts to transform its portfolio into suburban town centers.
Phillips Edison chief Jeff Edison’s top concern was his tenants when COVID-19 shut down nail salons, fitness centers, and other non-essential businesses in his centers.
Victor Sahn has specialized in bankruptcy law going on 40 years, and he says that what’s happening in retail Chapter 11 situations during the pandemic is something entirely new.
