Skip to main content

Tenant Update

  • Levin tapped to build and lease New Jersey center

    Levin Management Corp. will be building, leasing, and managing a new neighborhood center on the former site of an auto repair shop in Union, New Jersey.   Rising household incomes in the area make it a prime location for new retail in a dense urban region, according to Levin’s senior VP of Leasing and acquisitions Joseph Lowry, who points to a daytime population 86,000 and an average household income of $110,000.  

  • Dick’s Sporting Goods to open at another CBL property

    CBL is getting ready to open its 28th Dick’s Sporting Goods store, this one at Richland Mall in Waco, Texas.   “This new store will drive significant traffic to the center and illustrates our ongoing commitment to enhancing the tenant mix at the property,” said CBL CEO Stephen Lebovitz.   Other new arrivals at Richland include H&M, PINK, and White Barn. Bath & Body Works and Victoria’s Secret recently completed remodels. Dick’s is set to open in spring 2018.

  • Will sales clauses in leases soon become obsolete?

    The retail landscape today looks different than it did just a few years ago. Brick-and-mortar retail is becoming more diverse. Brands are embracing different operational models and integrating more closely with online and mobile channels. Retailers like Bonobos, Warby Parker and Restoration Hardware are using physical locations purely as showrooms, a new trend that appears to be gaining significant traction.  

  • 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.  

  • Dania Pointe breaks ground outside Fort Lauderdale

    Ground has been broken on Kimco’s 102-acre Dania Pointe project in the Dania Beach section of Fort Lauderdale.   Phase one of the mixed-use development will include 300,000 sq. ft. of retail, 80% of which is already leased, according to the company. Along with the requisite food and beverage establishments, TJ Maxx, Hobby Lobby, BrandsMart, and Ulta Beauty have signed on as tenants.  

  • Toys ‘R’ Us to make Times Square return — for a limited engagement

    After a nearly two-year absence, Toys "R" Us is returning to Times Square — but not on a permanent basis.  

  • Ivanka Trump opening store in her father's namesake building

    The Ivanka Trump brand is making its second foray into freestanding retail.   The company will open a location in Trump Tower on Manhattan’s Fifth Avenue this fall, giving the tourists who visit the site a chance to buy Ivanka Trump-branded merchandise, Bloomberg reported.    The brand previously had a jewelry shop in Manhattan, which closed in 2015. It also shuttered its only other location, a luxury shop in Beijing.  

  • Dick's Sporting Goods in store openings

    Dick's Sporting Goods will be busy in August, opening five stores in three different states.   The nation's largest sporting goods retailer will open two namesake stores and three Field & Stream stores in the first half of August. In Prosper, Texas, Dick's and Field & Stream will open under one roof at the Gates of Prosper. And in Houston, Dick's will open at Post Oak Shopping Center.   
X
This ad will auto-close in 10 seconds