TENANT UPDATE

The new mall formula now calls for fewer department stores and more tenants like gyms, restaurants, medical offices, and arcades that bring round-the-clock traffic. 

Ohio’s premier, 200-plus-store retail Mecca opened a brand new district during the pandemic and this month ushers in six new tenants—three of which are first-to-market or first in the state.

Hobby Lobby has some 900 stores spread across the United States, but its presence has been sparse in the state of Ohio.

Heritage Partners has announced the lease of the entire 96,000-sq.-ft. former J.C. Penney site at its Woodmore Towne Centre in Glenarden, Maryland. 

Sam’s Club is resuming its sampling program and adding events that take samples out of the club and into the parking lot. 

Craftsman tools and Kenmore refrigerators will be replaced by veal parmigiana and Picanha sirloin at Simon’s Burlington Mall in Massachusetts.

The Comedy Shrine, a comedy club run by a former trouper at Chicago’s Second City improv theater, has moved into Fox Valley Center in Aurora, Ill.

The suburbs north of Dallas have long been a target for expanding retailers, and the Legacy West development in Plano has been snaring some of the most coveted brands.

Leasing activity at PREIT properties during the first quarter of 2021 strongly contradicts a popular notion that malls will all perish post-pandemic.

Following a year when leasing activity declined by almost 30% in her state, a top broker in New Jersey sees a significant uptick in retail expansion with strong brands like Planet Fitness, Dollar Tree, and Five Below eagerly snapping up empty spaces.

Easton Town Center’s $500 million new urban district, where an RH Gallery and an Arhaus have already been doing business, opened four new tenants this week.

Tech giants like Facebook, Apple, Netflix, Google, and Microsoft all benefited from a robust increase in their market capitalizations and some are expanding their office footprints across the U.S.