As the future begins to look precarious for big-box bookseller Barnes & Noble, retail center owners who rely on the chain as a tenant might want to draw up contingency plans in case of potential store closings. To help industry members figure out which companies might be over-exposed to the bookseller, SNL , a Charlottesville, Va.-based research firm, has released a list of REITs with a heavy concentration of Barnes & Nobles in their portfolios.
As of January, Simon vast size, however, any future closings would affect only 7.6 percent of its properties. On the other hand, with six Barnes & Noble stores but fewer total malls, PREIT might face a vacancy at 12.2 percent of its properties. And though American Realty Capital—Retail has only one Barnes & Noble in its portfolio, should that store close, it would affect half of the company’s retail holdings.Group housed the greatest number of Barnes & Nobles in the U.S. at 25 stores. Given the REIT’s
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