The North Grand Mall is in the middle of negotiations with two major anchor stores on commercial lease deals. The mall’s developer, GK Development, secured their third six-month extension for negotiations. Ames City officials are trying to help negotiate the deals and suggested that GK offer the potential tenants incentives to sign a lease with them.
While the two potential tenants’ names have not been released they are said to be “well thought of in the community” and one would require tearing down and building a new location south of Sears. City Councilman Jami Larson said of the lease negotiations, “There are two tenants that we have in mind that would be incentivizing…if these two tenants come in, we jumpstart life back into the mall.”
Contact the Des Moines commercial lease negotiations lawyers of LaMarca & Landry, P.C. at 877-327-2600 today, if you are a business owner and have questions or need legal assistance in negotiating commercial lease terms.