Saturday, January 13, 2018

20/20 hindsight

So let's be clear. I'm a product of the MaceRich Company and we did business different than most. We could make decisions day today in leasing that in the long run you better be able to answer for. The process just happened so quick compared to the big bureaucracies of today. 

When I saw this I knew Sumo was not coming from New York to Topeka. Kirkland gifts is there to day and they are a great addition to the center. 

What happened next I Still support as a good move for Pizza Pub. The leasing agent offers us an additional space at NO additional rent. We just have to Pay the constructions costs. Fair enough. Thanks Ben that was a good deal.
The only thing that bit us in the ass was the lease clause that if there was conflict between City Code and the Lease the Lease would prevail. That added conservatively and extra $75K to the project. The owners do NOT put that in the new leases. 




No comments:

Post a Comment

"Regional malls will surive as long as they evolve? They are still good real estate" = Mace Siegel

On the eve of the West Ridge Mall auction……some random thoughts come to mind. Did Topeka misrepresent itself to the Simon brothers?   Mel ...