The Dirt Dictionary: ‘C’ is for Co-Tenancy

With ICSC deal making just behind us, I was looking to write about a complex, heavily negotiated, not freely given by landlords and potentially disastrous in its consequences to the overall fiscal health of a shopping center, clause and one easily hit every button. Namely, co-tenancy.

Co-tenancy in the shopping center context highlights the interdependent nature of retail: that a Coach, for example, is most successful when in a milieu populated by other luxury brands. Thus, it welcomes Louis Vuitton, Tiffany and Fendi et al. In fact, not only welcomes these luxury retailers as mall neighbors but insists on their presence both as to opening requirements and continued operations.

Click here to read the full article in The Commercial Observer.

Jeffrey A. Margolis, Principal

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