One of North America’s largest publicly traded owners and operators of grocery-anchored centers and mixed-use assets has girded itself against coronavirus by obtaining a $375 million unsecured term loan.
Chain store retailers are a diverse group and cross product lines – food, furniture, apparel, eyewear, entertainment, in line, end cap and interior mall access and direct access.
Taubman Centers, one of the largest owners of malls in the United States, is demanding rent from tenants even though their properties are shuttered during the coronavirus pandemic.
With its stores temporarily closed, Urban Outfitters said it will suspend the payment of rent temporarily and delay or cancel some planned new store openings.
