SPECIALTY LEASING MOVES OUTDOORS

Published Monday, March 01, 2004

Mall specialty leasing programs have a reputation for raking in big bucks. So it is no wonder that lifestyle center owners are trying to get in on the action. “Specialty leasing is extremely lucrative for enclosed shopping centers, so — weather permitting — it would make sense for lifestyle centers to operate some type of leasing program with outdoor carts and kiosks,” says Patricia Norins, group publisher of the Specialty Retail Report. The Hanover, Mass.-based company publishes a quarterly magazine and annual directory for cart and kiosk operators. Norins estimates that carts and kiosk generate $10 billion in ...

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