X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Photo of Matthew White Co-tenancy clauses are designed to protect tenants’ business interests by providing a rent reduction or lease termination if anchor stores cease operations., writes White.

PHILADELPHIA—An arbitration panel’s recent decision has reaffirmed the business expectations of national retailers who have long relied on co-tenancy clauses to avoid collateral damage when a shopping center anchor store goes out of business.  In a time of changing market conditions, this sends a message to landlords that they ignore these agreed upon protections at their peril.

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.