Our Mission

Learn who we are and how we serve our community

Leadership

Meet our leaders, trustees and team

ICSC Foundation

Support up-and-coming professionals

ICSC Exchange

Catch up on industry ideas, news and views

Research

Check out wide-ranging resources that educate and inspire

Global Public Policy

Learn about the governmental initiatives we support

Events

Connect with other professionals at a local, regional or national event

Professional Development

Grow your skills online, in a class or at an event with expert guidance

Find Members

Access our Member Directory and connect with colleagues

Find Outlets

Get data and contact information for shopping outlets

Find Jobs

Search and post jobs, upload your resume or find qualified candidates

Become a Member

Learn about how to join ICSC and the benefits of membership

Renew Membership

Stay connected with ICSC and continue to receive membership benefits

Industry News

Amazon learns that physical stores come with lease clauses

Amazon has one big disadvantage when it comes to expanding in the physical world: a lack of experience navigating the red tape associated with real estate. The online behemoth acquired Whole Foods in August for $13.7 billion and announced plans to add 85 new stores to its fleet of 473.

But most of Amazon’s physical competitors have standing lease clauses that bar competitors or at least restrict what other stores can do in a shopping center. And according to a Reuters report, they’re exercising it.

Target, Bed Bath & Beyond and Best Buy are among the chains that were happy to cohabitate with Whole Foods, are less willing to share space with Amazon. For example, documents reviewed by Reuters banned Amazon lockers and delivery operations near rivals in some states.

“Many people assume this big, 800-pound gorilla is going to come and beat up all of these retailers,” Terrison Quinn, a senior vice president at brokerage SRS Real Estate Partners, told Reuters. “I just don’t think that’s going to be the case.”

By Brannon Boswell

Managing Editor/SCT

Related Topics:

  • leasing
  • retail & retailers

SCT Week

Weekly newsletters like SCT Week put retail real estate news and trends in the palm of your hand.

Sign up now