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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.
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]
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.
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [ 5 ]
The Aaron's Company, Inc. is an American lease-to-own retailer. The company focuses on leases and retail sales of furniture , electronics , appliances , and computers. The company sells through the company-operated and franchised stores, e-commerce platform (Aarons.com) [ 2 ] [ 3 ]
Simon Property Group, Inc. is an American real estate investment trust that invests in shopping malls, outlet centers, and community/lifestyle centers. It is the largest owner of shopping malls in the United States and is headquartered in Indianapolis, Indiana. Worldwide, it owns interests in 232 properties [3] as of 2021.
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The following is a list of properties owned by Brookfield Properties, a North American commercial real estate company.Their portfolio includes a number of shopping malls in the United States that were owned by GGP Inc. (General Growth Properties) before it was acquired by Brookfield in 2018.