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Modell's Sporting Goods has 137 leases up for grabs as the retailer has just recently filed for Chapter 11 bankruptcy and liquidation and has tapped A&G Real Estate Partners to begin marketing them.
"During these uncertain times that impact all of us in personal ways, our ability to support each other, our people and our communities will ensure we emerge from this crisis stronger than before," says Joe Erlinger, president of McDonald's USA.
"Based on what we know today, I think we will see the employment picture turn negative, but it is doubtful that the impact on growth and the number of jobs lost would be as severe as the Great Recession."
IIP entered into a long-term, triple-net lease agreement with a subsidiary of Parallel, which intends to continue to operate the property as a regulated medical cannabis cultivation and processing facility.
A creditworthy tenant with a certain degree of correction-resistance in its marketing strategy is a fairly sure bet to hedge against the vagaries of the greater market.