LOS ANGELES—During a fireside chat about the corporate tenants perspective at the recent GlobeSt. Net Lease national conference here at the JW Marriott LA LIVE, Eric Corpuz, director of real estate at Burlington Stores Inc. provided an insider's look into the needs and challenges for his company as well as today's tenants.
He noted that the past six to 12 months have been rough. "For Burlington and a lot of other national retailers especially in the off price segment, we had wanted to see landlords develop turn-key spaces for us, to do our build out, but we have seen some divert their capital elsewhere," he said. "If it isn't a build to suit, or we have to apply our own capital, it is more difficult."
That said, the retailer has evolved to become more flexible. Corpuz reports Burlington Stores is growing at a rate of roughly 100 stores per year. "It has been a good evolution for Burlington and we hope to continue to do that," he said.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
