tag:blogger.com,1999:blog-579719431387122896.post348755672380904644..comments2024-03-28T03:18:19.633-04:00Comments on Tomorrow's News Today - Atlanta: Dillard's Doomed At Atlantic Station?Atlantan99http://www.blogger.com/profile/06115362060612910966noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-579719431387122896.post-2144175642318141292010-03-16T23:25:44.876-04:002010-03-16T23:25:44.876-04:00Co-tenancy clauses (most likely, naming Dillard...Co-tenancy clauses (most likely, naming Dillard's in particular) in a lot of these retail leases would make the landlord keep Dillard's by any means necessary. http://www.investopedia.com/terms/c/cotenancy-clause.asp and http://nreionline.com/finance/news/shopping_center_owners_bankruptcy_0226/ for more background on these clauses.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-579719431387122896.post-11491290214414003882010-02-16T17:42:32.127-05:002010-02-16T17:42:32.127-05:00Anon,
You make some good points. I could never se...Anon,<br /><br />You make some good points. I could never see Dillard's at Lenox or Phipps (many say even Belk is out of place at Phipps) For all I know you are right about the ownership of the building but while the space is big, a business must justify its size with sales. Perimeter in fact is often busy and is the chains best performing store in metro Atlanta.Atlantan99https://www.blogger.com/profile/06115362060612910966noreply@blogger.comtag:blogger.com,1999:blog-579719431387122896.post-42740260439878730612010-02-16T17:30:07.319-05:002010-02-16T17:30:07.319-05:00I have managed large regional malls, both suburban...I have managed large regional malls, both suburban and urban and generally the anchor department stores own their own building. So I would suspect that Dillards does own their own buildig, thus they will not be going to Atlantic Station Management seeking rent relief. I can not speak on Dillards sales at Atlantic Station, but this is a highly visible store for them , so I would assume they would hang on as long as possible....I don't see them gaining a space at either Lenox or Phipps and they need an inside the Perimeter location. Dillards has a tendancy to build "over sized" stores and as such they always seem empty. Their store at Perimeter never seems busy to meAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-579719431387122896.post-66643162877353965032010-02-16T12:51:30.046-05:002010-02-16T12:51:30.046-05:00Anon,
Do I know with the utmost of certainty this...Anon,<br /><br />Do I know with the utmost of certainty this is the case at Atlantic Station, no. Do I feel confident given backround info and other tenant arrangements that it's a safe bet I'm accurate, yes.<br /><br />Thanks for the comment.Atlantan99https://www.blogger.com/profile/06115362060612910966noreply@blogger.comtag:blogger.com,1999:blog-579719431387122896.post-10997182930321377032010-02-16T11:25:14.584-05:002010-02-16T11:25:14.584-05:00Hmm. Typically at "normal" malls anchor...Hmm. Typically at "normal" malls anchors such as Dillard's own the building they are in and therefore don't pay rent to the mall owner. I know your article is just full of conjecture, but do you know if that is the case at Atlantic Station?Anonymousnoreply@blogger.com