The 600 closing stores represent just about 3% of Starbucks'units in the United States, hardly a sign of abject failure, allnote. And that means that re-leasing the units shouldn't be toodifficult.
"It's much ado about nothing," said Jim Sakanich, a senior vicepresident of CB Richard Ellis, Bannockburn, IL. "The one thing Iwould say is that they always pick really good real estate, andgood real estate won't be hard to get rid of."
A number of uses could take the locations, which can vary from1,000 square feet to 1,500 square feet. The most obvious would be afood use.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
