TENANT UPDATE

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TENANT UPDATE

News and updates on new and existing retail center tenants.

Real Estate Investor Survey: Retail sector will be hurt most by COVID-19

Nine out of 10 investors and senior property company directors think real estate transaction levels will return to pre-pandemic levels in 2021.

Survey: Consumers say indoor air quality crucial to prevent COVID-19 spread

Consumers are paying close attention to the indoor air quality of public spaces amid the pandemic.

Gov. Andrew Cuomo stalled the opening of malls in New York, requiring that air filtration systems be upgraded before they could allow customers in, but ShoppingTown Mall in DeWitt, N.Y., could only let in the rain.

Seventeen years after the project had its beginnings the New Jersey Meadowlands—Triple Five’s third mega-mall opens its doors to the public on Thursday.

True Food Kitchen, the healthy dining chain co-founded by Dr. Andrew Weil and co-funded by Oprah Winfrey, opened at Easton Town Center in Columbus this week, its first location in Ohio.

Paid rents at retail centers ticked up from 81% in August to 83% in September, still far below the 93% collected last year at this time.

After commencing a re-opening in August, Regal Cinemas has once again shut down all 536 of its theaters following MGM/Universal announcement of the delay of “No Time to Die,” the new James Bond Film.

Pearl Britain Plaza in Ocala

Ever since FedEx opened a 400,000 distribution center in Ocala, Fla., four years ago, business has been livelier at nearby Pearl Britain Plaza—so much so that a new and improved Publix will be constructed at the center.

A&G Real Estate Partners announced it has begun marketing leases for 280 Stein Mart locations being closed in connection with the company’s bankruptcy filing.

With more than 60 restaurants dotting its property, one would expect to find any and every type of cuisine at Easton Town Center in Columbus, and it’s possible that that may now be the case.

Shopping centers and malls continue to work their ways out of the confines of COVID-19 with gains in traffic and new tenants coming on-stream.

Hackensack Meridian Health will now have a home at American Dream in East Rutherford.

Nikki Traff

Colliers International’s executive managing director Nikki Traff has claimed to increase net operating incomes for landlords by $2 million in 18 months by re-tenanting shopping centers. We spoke with her to find out more.

Conor Flynn

Kimco announced that traffic, occupancy rates, and rent collections continued trending upward in August.

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