Negotiate Provisions That Take Advantage of Center’s Redevelopment Plan

August 30, 2017
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The advantages of leasing in a strip mall or shopping center, rather than a stand-alone building, are numerous: good proprietary signage, a desirable tenant synergy, convenient parking, and visibility. And savvy tenants make sure that these benefits—which may be a large part of the reason they chose the particular strip mall or shopping center—are provided for in the lease. However, those elements can change with a redevelopment of the property, leaving you with space that has become drastically less attractive for you.

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