San Francisco, CA
SF Centre Mall welcomes a new class of tenants after mass exodus
Compared to the brands that have left the mall, Berne said the new stores coming in seem like they would appeal to a younger generation of shoppers.
Despite these new leases, the mall remains more than 50% vacant with big box spaces like the former five-floor Nordstrom and movie theater still empty. The mall’s other anchor tenant, Bloomingdale’s, has a lease that runs until 2046, according to commercial mortgage-backed security loan data. Other notable brands still holding on at the Emporium include Lululemon, Zara and H&M.