Retail’s revolving door: Bankruptcies, downsizings have mall landlords scrambling to fill space

The onslaught of retail bankruptcies and store closings in the past year has mall owners in a mad dash to fill hundreds of vacant spaces. The mall owner with the largest holdings nationwide, Simon Property Group (SPG), is no exception. During a 12-month span, dozens of struggling retailers at SPG properties have packed up and moved out, leaving about a million empty square feet in their wake. Take, for example, Nine West Outlet, which closed […]

Source: Real Estate

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