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Large retailer pulls out of local centers: but owners don't anticipate problems in replacing troubled Linens 'n Things.
- Article from:
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San Fernando Valley Business Journal
- Article date:
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May 26, 2008
- Author:
- Coburn, Linda
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Copyright informationCOPYRIGHT 2008 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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When a major national retailer says they're closing hundreds of low-performing stores across the country, and four of them are in relatively close proximity to each another, one might expect to hear a lot of buzz about it.
But it seems to be business as usual for the four Valley shopping centers where Linens 'n Things has declared they will be pulling up stakes under a bankruptcy reorganization plan.
General Growth Properties, which owns the Fallbrook Center in Woodland Hills, seemed unfazed by the news.
"We certainly never want to see a retailer close at any property," said Kirsten Lee, vice president of leasing for GGP's regional office in Glendale. But, she ...
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