- Sears (or pick your favorite struggling retailer) is out, Trader Joe's is in.
- "A multi-year proactive lease termination initiative aimed at recapturing high-quality anchor store locations across its portfolio,' DDR Corp. will get together with its retail tenants to "right-size their" spaces ahead of lease expirations.
- The company hopes to regain control of the prime spots in their malls and remarket them to faster-growing retailers at far higher rents.
- For Phase one, DDR has identified 90 anchor locations representing 3.3M square feet of prime retail space, and has finalized terms for recapture on 21 of them.
- Source: Press Release
From other sites
at CNBC.com (Jan 16, 2015)
at CNBC.com (Jan 5, 2015)
at CNBC.com (Nov 12, 2014)
at CNBC.com (Sep 12, 2014)
at CNBC.com (Aug 14, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs