Article submitted by Danny Watts, Sales and Leasing Agent at Saurage Rotenberg Commercial Real Estate
Written by Elaine Misonzhnik, Senior Associate Editor, April 4, 2014 National Real Estate Investor Online
They are the bane of every landlord’s existence—troubled tenants that may be evaluating opting out of their leases or getting ready to file for bankruptcy/liquidation. In the retail world, these worries are worsened by the limited number of alternate space occupiers and the existence of co-tenancy clauses that allow other tenants to pay lower rents if a big-name neighbor moves out. Here, we’ve compiled a list of the 10 retail chains most likely to leave your center in 2014, in ascending order, based on same-store sales results, debt loads and plain old common sense. To see which names are on the list, click through our slideshow.
To read this article in its entirety click HERE.
Danny Watts, a commercial real estate sales and leasing specialist with Saurage Rotenberg Commercial Real Estate, is a graduate of Louisiana State University (LSU). He has over 20 years experience in commercial real estate brokerage and appraisal. His areas of expertise include commercial and industrial brokerage and leasing; multi-family brokerage; lease negotiations; tenant build outs; market analysis and insight; and feasibility and valuation analysis. Danny is a member of the Commercial Investment Division (CID) of the Greater Baton Rouge Association of REALTORS®, a board member of the Perkins Road Historic Merchants District Association, and has served as a vice president for Literacy Works of Baton Rouge.
Saurage Rotenberg Commercial Real Estate is a member of the Baton Rouge Area Chamber of Commerce (BRAC); the West Baton Rouge Chamber of Commerce; the Baton Rouge Better Business Bureau; the Louisiana Commercial Data Base (LACDB); and the International Council of Shopping Centers (ICSC). Several agents, on an individual basis, are members of the Society of Industrial and Office Realtors® (SIOR), the Certified Commercial Investment Member Institute (CCIM); the National Association of REALTORS® (NAR); and the Greater Baton Rouge Association of REALTORS® Commercial Investment Division (CID).
