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VSAStory

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VSAStory

Re: None

Monday, 02/27/2017 11:34:05 PM

Monday, February 27, 2017 11:34:05 PM

Post# of 43557
The Westfield Opportunity

· The Westfield Group is highly interested in expanding Giggles N' Hugs to all 55 of its U.S. mall locations

o Offering to pay +60% of construction costs (i.e., "Tenant Allowance Dollars")

o Negotiating deals on a per-location basis

· Also in discussions with other REITs and major mall operators

o Macerich Group - (NYSE:MAC), $83B market cap: 62 regional shopping centers, 64M sq. ft. of gross leasable area

· General Growth Properties:GGP: 135 property portfolio
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