With the shortage of expanding retailers in the marketplace, mall owners have turned to courting unconventional tenants. Among these tenants are schools, government buildings and, increasingly, churches. It turns out houses of worship can be a boon for retail property owners. Not only are they willing to take second-rate spaces, they bring in a sizable number of shoppers on weekends.
For this and other stories about retail and retail real estate, follow the links below:
- A Mix of Retail and Religion: Mall Ministry (The Register Guard)
- Colony Capital to Hand Over Xanadu Deed to Lenders (The Wall Street Journal)
- What Else is Inside the Just Opened Santa Monica Place? (Jaunted)
- With 3 High-Profile Shopping Centers in Foreclosure, What's Going On? (Redding.com)
- Belle Meade Town Center Lender Sets Foreclosure (Tennessean.com)
- A Times Square Aura for Pop Tarts (The New York Times)
- American Apparel's Unhip Finances (Business Week)
- 'The Mall Evolves': Taubman Comes Back From Recession with Eye on Changing Marketplace (Crain's Detroit Business)
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