Thinking Out Of The Big-Box

This article describes the woes caused the increasing number of empty retail big boxes in our communities and presents some strategies for rehabilitation and re-use, including conversion into more profitable retail activities.
March 1, 2004, 10am PST | Abhijeet Chavan
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It also focuses on the retailers and REIT investors' points of view, how it is economically sensible to re-invest into big boxes for them. "Industry experts say medium-size boxes — with floorplates between 35,000 and 90,000 square feet — present the greatest challenge for re-tenanting and reconfiguration, because most users require more or less space and the shape makes them difficult to chop up into smaller boxes or shops...With owners anxious to re-tenant empty mall anchors, retailers traditionally located in stand-alone and community retail and power centers are moving into malls, along with an abundance of entertainment venues, blurring the lines between shopping and lifestyle center stores and mall retailers."

Thanks to Jeremie Vilain

Full Story:
Published on Sunday, February 1, 2004 in Retail Traffic
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