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Company newsLeasingNew YorkNewsRetailers

A&G Negotiates Lower Occupancy Costs on 9,550 Leases in 2020

by Alex Tostado

Melville, N.Y. — A&G Real Estate Partners has negotiated lower costs on 9,550 retail leases in 2020, bringing the company’s success rate to 77 percent. The company reports its success rate for negotiations on behalf of retail tenants is typically 50 percent. The majority of the talks have taken place since March 1, according to the Melville-based advisory firm. Since that time, A&G has secured terminations on 950 leases. The company has achieved nearly $1.7 billion in occupancy cost reductions for 51 retailers, restaurants, educational users, office tenants and fitness and …

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CaliforniaDevelopmentLeasingNewsRestaurantsRetailers

Westfield Valley Fair Opens 42 New Stores, Restaurants

by Alex Tostado

Santa Clara, Calif. — Despite shelter-in-place mandates and temporary closures due to COVID-19, Westfield US has opened 42 stores and restaurants this year at Westfield Valley Fair, a 2.2 million-square-foot Bay Area shopping and lifestyle destination located at 2855 Stevens Creek Blvd. in Santa Clara. Twenty-two of the new tenants have opened since March, with 15 new retail and restaurant leases signed and foot traffic increasing more than 10 percent week-over-week since the center reopened for retail operations in June. New tenants and milestones include: The completion of an expanded …

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Ancillary RetailIndustry ContentLeasingMallsMarketingPop-Up RetailWebinar

Webinar: Driving Retail Income Through Specialty Leasing & Ancillary Revenue

by Sarah Daniels

    On October 15 Ancillary Retail hosted a webinar titled “Driving Income Through Specialty Leasing and Ancillary Revenue.” Webinar panelists shared how important it is to quickly shift strategy, not just in relation to COVID-19, but everywhere that customers and retailers are already adapting to omnichannel shopping. Events and marketing efforts are being streamlined to go virtual while also supporting those customers who are still comfortable visiting brick-and-mortar stores. Cynthia Czech shared details about Pacific Retail Capital Partners’ successful rollout of CosmeCon 2020 that included boxes for attendees to use during …

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IllinoisLeasingNewsRestaurants

Marijuana-Themed Sandwich Shop Cheba Hut to Open First Location in Illinois on Oct. 19

by Alex Tostado

Chicago — Cheba Hut will open its first Illinois location in Chicago’s Wicker Park on Monday, Oct. 19. The marijuana-themed sandwich shop is located at 1948 W. Division St. The “toasted” sub shop offers over 30 signature sub sandwiches, as well as a variety of treats, salads and munchies and a full-service bar. Drinks like the Dirty Hippie, Hot Box and Cheba Rita are all Cheba Hut signatures. The restaurant will enforce current COVID-19 guidelines, including heightened sanitation protocols, social distancing requirements and requiring all guests and staff to wear …

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GeorgiaLeasingNews

TSCG Negotiates 33,191-Square-Foot Lease for Planet Fitness in Savannah

by Alex Tostado

Savannah, Ga. — TSCG has negotiated a 33,191-square-foot lease for Planet Fitness at the former site of a Bi-Lo grocery store in Savannah. The property is situated within Crossroads Shopping Center at 2132 E. Victory Drive, four miles southeast of downtown Savannah. Current tenants include Starbucks, T-Mobile and The UPS Store. Michael Silverman of TSCG represented Sunshine Fitness, one of the largest Planet Fitness franchisees in the country, in the lease transaction. Kelly Pulignano of TSCG represented the landlord,  Crossroads Shopping Center LLC.

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LeasingNew HampshireNewsRetailers

Home Furnishings Store Arhaus to Lease 15,000 Square Feet at Tuscan Village in Metro Boston

by Alex Tostado

Salem, N.H. — Home furnishings store Arhaus will occupy 15,000 square feet at Tuscan Village in Salem beginning spring 2021. Arhaus was founded in 1986 and operates 70 locations nationwide. The Ohio-based retailer specializes in hand-crafted furniture. Tuscan Village is a 170-acre, mixed-use development situated 30 miles north of downtown Boston. The property will span 2.8 million square feet and feature 800,000 square feet of retail space. Other announced tenants at Tuscan Village opening next spring include Williams Sonoma, Pottery Barn, Chipotle Mexican Grill and Chase Bank. Tuscan Brands founder …

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LeasingNewsRetailersWest Virginia

Hibbett Sports Opens 5,600-Square-Foot Store at Mall in Morgantown, West Virginia

by Alex Tostado

Morgantown, W.Va. — Hibbett Sports has opened a 5,600-square-foot store within Morgantown Mall. The Birmingham, Ala.-based sports retailer offers brands such as Nike, Under Armour, Jordan, The North Face and Adidas. The new location implements the company’s new store design, which features an open concept, phone charging stations and other amenities for customers to experience. The mall location also offers online, pick-up in-store and curbside pick-up shopping options. Morgantown Mall is located at 9235 Mall Road, three miles southwest of downtown Morgantown and three miles south of West Virginia University.

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Industry ContentLeasingMallsNevadaOperationsRestaurantsRetailersWebinar

Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector Responding to COVID-19?

by Sarah Daniels

  Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector responding to COVID-19?  hosted by Shopping Center Business and Western Real Estate Business, covers the approaches taken by an expert panel of retail leaders responding to COVID-19. Watch Webinar: Las Vegas Retail Outlook — How is the Las Vegas Retail Sector responding to COVID-19? to learn what retailers, restaurants, and developers need to thrive and what our panelists anticipate for retail in the near future. See a list of some topics covered below. How significantly has decreased tourism affected …

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LeasingMallsOperationsRestaurantsRetailersWebinar

Webinar: Central Florida Retail Outlook: How are Central Florida Markets Responding to COVID-19?

by Sarah Daniels

    (Panelists, top, left to right): Ralph Conti, RaCo Real Estate Advisors; Cindy Schooler, SRS Real Estate Partners; Chuck Whittall, Unicorp National Developments. Shopping Center Business and Southeast Real Estate Business hosted “Central Florida Retail Outlook: How are Central Florida Markets Responding to COVID-19?” Watch to hear how the retail leaders are adapting to the challenges of COVID-19 and its fallout for tourism and travel. See a list of some topics covered below: To what extent has tourism declined in Central Florida this year — and how significantly has that affected the retail …

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Industry ContentLeasingMallsMarketingMichiganOperationsRestaurantsRetailersWebinar

Webinar: Michigan Retail Outlook: How is Michigan’s Retail Sector Responding to COVID-19?

by Sarah Daniels

  (Panelists, clockwise from top left) Adam Tiktin, Tiktin Real Estate Investment Services; Rod Castan, Courtelis Company; Lyle Stern, Koniver Stern Group; Philip Rosen, Becker (moderator); Duane Stiller, Woolbright Development. Shopping Center Business and Heartland Real Estate Business hosted “Michigan Retail Outlook: How is Michigan’s Retail Sector Responding to COVID-19?” Watch to hear how the industry’s most creative retail leaders are adapting both to COVID-19 and to the accelerated changes in retail exacerbated by COVID-19 has. See a list of some topics covered and their timestamps below: (05:38): How are Governor Whitmer’s …

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