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Karam moved a World Gym into the Macy's space. He calls the 42,000-square-foot gym Texas' largest in the franchise. The developer also sold the Dillard's building to First Baptist Church of Texas City. Karam told the Houston Chronicle in an interview that he is offering "1980s-level" rents for lease space, keeping the mall competitive.
The history of shopping malls in Texas began with the oldest shopping center in the United States, Highland Park Village, which opened in 1931 in the Dallas–Fort Worth Metroplex. [1] The latter and Greater Houston area are both home to numerous regional shopping malls and shopping centers located in various areas of the city.
Graph showing the increase in price of commercial real estate in the US. Cash inflows and outflows are the money that is put into, or received from, the property including the original purchase cost and sale revenue over the entire life of the investment. An example of this sort of investment is a real estate fund. Cash inflows include the ...
Retail Lease in Chicago. A retail lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years.
This is a list of shopping malls in the United States and its territories that have at least 2,000,000 total square feet of retail space (gross leasable area).The list is based on the latest self-reported figures from the mall management websites, which are also reported on each mall's individual wiki page.
In 2005, the company acquired National Properties Corporation for $61 million. [8] In May 2006, the company changed its name to National Retail Properties, Inc. [9] In 2015, the company acquired 19 Frisch's restaurants in the Cincinnati, Ohio area for $47 million in a leaseback transaction. [10]
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