Kohl’s proactively manages and maximizes the value of our existing portfolio through focus areas including lease renegotiation, optimization initiatives and approval requests.
Portfolio Management
Company
Lease Renegotiations
Kohl’s actively seeks partnerships with the Landlord community to create win-win scenarios. By leveraging Kohl’s excellent credit and strong brand recognition, Landlords can benefit to obtain additional lease terms to allow for additional financing, secure a long-term tenant to improve marketability of surrounding boxes, or collaborate to redevelop or enhance the shopping center.
Rightsizing Initiatives
As part of its market strategies, Kohl’s finds opportunities to optimize its existing portfolio with the best-sized stores for its trade areas. This involves partnering with internal teams to develop a scope of work and evaluate operational savings and to leverage existing Landlord relationships to negotiate returning the space.
Approval Requests
Third Parties seeking any approvals required under the operating documents for a shopping center should make a formal written request pursuant to the Notice requirements to ensure proper handling. Supplemental emails may also be sent to
propertyadmin@kohls.com.
Information to be provided should include:
- List of Waivers/Variances (with reference to applicable section)
- Site Plan
- Scaled Elevations (if applicable)
- Signage Shop Drawings (if applicable)