"Over the past several years, Kmart's anchor presence has not contributed to Federal Realty's tenanting and merchandising objectives at these properties," says FRIT vice president of anchor tenant leasing Chris Weilminster. "A stronger, more vibrant retailer at these locations will improve traffic, sales and rents at these already successful properties." FRIT has not yet named names of potential new retailers to fill the impending vacancies.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
