A Nasdaq-listed squatter? Ann Taylor parent company Ascena Retail Group is among a handful of retailers that refuse to vacate stores after breaking their leases. That’s causing some major headaches for landlord Boston Properties. “As long as these tenants refuse to relinquish possession, we have no ability to re-let their space. And we are showing it as occupied and expiring,” Boston Properties president Doug Linde said on the company’s second-quarter earnings call Wednesday morning. Linde
source https://therealdeal.com/2020/07/29/major-retailers-are-squatting-on-prime-real-estate/
No comments:
Post a Comment