cityretail

Sixteen

In Closed Deals on September 8, 2010 at 10:06 am

In my last post, “Security Deposits,” I note that I have worked on 16 closed retail deals (i.e. signed lease – all new deals; not extensions) since the beginning of 2009. Here are some stats:

  • 8 /16 restaurants; others being a boutique, gift shop, 2 gym/health clubs, dry cleaner, preschool, dentist and a specialty shop
  • 11/16 in Cambridge; 4 Boston; 1 Somerville
  • 5/16 start-ups / new retail concepts
  • 11/16 Tenants have one or more add’l locations in MA
  • 3/16 Tenants have one or more add’l locations outside of MA
  • 1/16 is an international or national chain.
  • 5/16 Premises size 1,000 sf or less
  • 8/16 Premises size between 1,001 sf and 5,000 sf
  • 3/16 Premises size 5,001 sf or more
  • 1/16 Lease term 20 years
  • 7/16 Lease term 10 years
  • 6/16 Lease term 5 years
  • 2/16 Lease term 3 years
  • 1/16 Tenants currently behind in rent payments and in default
  • 16/16 Tenants have option to extend Lease
  • 4/8 Restaurant deals have a % rent provision
  • 4/16 Tenants represented by Broker
  • 12/16 LL represented by Broker

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