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What to Do When an Anchor Tenant Goes Dark CLE Presentation at Cole Schotz New Jersey Office

February 20, 2020Attorneys: Gary M. Albrecht and David A. Rubenstein
What to Do When an Anchor Tenant Goes Dark Retail real estate owners and operators continue to face seismic changes affecting the industry due to a myriad of forces, including e-commerce, changing demographics, evolving consumer preferences, rampant bankruptcy filings within the retail industry, the over-building of retail in various markets and the “downsizing” of prototypical store sizes by retailers. Despite the challenges, with thoughtful planning focused on the needs of the market, there are significant opportunities to transform an under-performing “big box” into a more exciting and complimentary mix of dining, entertainment, fitness and shopping. This program will explore the potential challenges shopping center owners may face in redeveloping property, including loan covenants, other tenants’ lease conditions and restrictions, terms and conditions of documents governing the use and operation of a center, governmental entitlements and physical limitations of existing structures.

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