Friday, March 16, 2018

Retail Landlords Get Ready to Deal with Empty Toys ‘R’ Us Spaces

NREI Online

Few in commercial real estate were shocked following the announcement that Toys ‘R’ Us has moved to liquidate all its U.S. stores, even as they work to fill the big spaces that will soon be left behind.

The liquidation filing means that more than 800 stores in the U.S. would shutter, taking a major big-box tenant and toy industry player off the market. Most of the Toys ‘R’ Us stores are in the 35,000-sq.-ft. range and located in power centers.. . . more