The exodus of anchor tenants from America’s malls has landlords rethinking a lease clause that is popular with smaller tenants. Owners have traditionally granted smaller tenants co-tenancy clauses, allowing the businesses to exit a lease if a major anchor store like Macy’s or J.C. Penney departs the mall. But that may be changing. The steady exodus of anchor tenants at malls nationwide in recent years has landlords pushing to eliminate those clauses to stop the […]
source https://therealdeal.com/la/2018/07/06/mall-landlords-tighten-screws-on-non-anchor-tenants/#new_tab
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