Article: The Mart's eighth floor building status. (California Mart) (California, Fall II - Holiday supplement)

THE MART'S EIGHTH FLOOR BUILDING STATUS

Some moved to the California Mart's eighth floor because they needed more space. Others wanted the "status' the floor was trying to offer, and still others took advantage of the opportunity for any space at all, coaxed all the more by the Mart's promises that this would be the status floor.

To deliver on those promises, leases have a built-in clause calling for "better and high-fashion' merchandise. Rent is 5 percent higher than the other floors, too. There are more corporate-owned showrooms than on any other floor, and "key' money to take over a lease ranges from $10,000 to $50,000.

When J.C. Penny ...

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