TENANT UPDATE

PREIT reports leasing 600K sq. ft. of mall space in Q1
Leasing activity at PREIT properties during the first quarter of 2021 strongly contradicts a popular notion that malls will all perish post-pandemic.
Leasing activity’s on the rise in New Jersey, top broker says
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.

How landlords can boost business for retail tenants in tech office campuses

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.
Four tenants open in Easton’s new urban district

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.
PREIT’s rent collections topped 100% in last two quarters

PREIT has reported collecting 119% of rents at its 19 regional and super-regional malls in the first quarter due to payments of current obligations, as well as some it had deferred during the 2020 shutdowns.
Will emptied offices in major metros devalue retail space?

Last week, New York City released a report saying that the value of its forest of office towers had fallen by 25% in the past year.
CBL focuses on local tenants in its new mall campaign

Though scores of national brand retailers populate the 100-plus malls and outdoor centers CBL Properties operates in 24 states, the Chattanooga, Tenn.-based company likes to point out that some 1,300 of its tenants are locally owned businesses.
Target to close two stores in the Bay Area

Target Corp. is shuttering two of its stores in the San Francisco area.
Hy-Vee to open in-store nail salons

Hy-Vee has teamed up with The W Nail Bar to open several in-store nail salons by the end of 2021.
Topgolf announces new location in Fort Myers, Fla.

Topgolf has announced it will open its seventh Florida location later this year in Fort Myers, Fla., off I-75 near the Cypress Lakes development.

PREIT reports leasing 600K sq. ft. of mall space in Q1

Leasing activity’s on the rise in New Jersey, top broker says

How landlords can boost business for retail tenants in tech office campuses

Four tenants open in Easton’s new urban district

PREIT’s rent collections topped 100% in last two quarters

Will emptied offices in major metros devalue retail space?

CBL focuses on local tenants in its new mall campaign

Target to close two stores in the Bay Area

Hy-Vee to open in-store nail salons

Topgolf announces new location in Fort Myers, Fla.