Saks Global Mall Closings: How Landlords Are Responding
Peter Braus Quoted in CoStar News Lee & Associates President Peter Braus weighs in on how mall owners are navigating the wave of Saks Global store closings sweeping the country. Braus notes that while top-tier properties see the vacancies as a long-awaited opportunity to reclaim and reposition large anchor spaces, malls that still depend on Saks or Neiman Marcus to drive meaningful foot traffic face a much harder road. “When an anchor goes dark there, it’s not just about losing that tenant — it’s about what it signals to the rest of the roster,” Braus told CoStar News.