This Minneapolis Star Tribune article looks at theprospect of cuttingup vacant big-box stores into multiple spaces forsmaller tenants. Landlords certainly have room to get creative withthe closures of Circuit City, Linens 'n Things and others, while itseems like large-format retailers aren't expanding like they usedto. But the prospect is also much more expensive than finding areplacement tenant, shopping center owners say. But one CB RichardEllis executive quoted in the article says the activity is "ever solittle." What is possibly more likely is that we will see theseboxes turn into different uses altogether, such as churches. Areyou seeing big box stores get sliced up in your local market, orare the empty storefronts just remaining vacant?
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