 |
 |
 |
 |
 |
 |
 |
 |
Shopping Centers Today -> July 2002
 PRINT THIS STORY: |
  CHANGE TEXT SIZE: |
SOME LANDLORDS SHUN WAL-MART
 |
Many might assume that Wal-Mart Stores, the world’s biggest and most profitable retailer, would raise the prestige and value of any center, right?
Not necessarily. Though landlords respect Wal-Mart’s strength and are in awe of its numbers, some say they would rather not have it as a tenant.
“I’m scared of Wal-Mart and wouldn’t want to buy a Wal-Mart-anchored center either,” said Robert A. McClain, managing director of Crow Holdings, Dallas. Why? Wal-Mart has a habit of building stores and then closing them within five or 10 years to erect Supercenters nearby, he and others said. “They’ll still pay their rent, but having a dark Wal-Mart really does not help you valuewise,” McClain said.
— D.B.
 | Current Issue November 2008 |