Portfolio Management

Kohl’s proactively manages and maximizes the value of our existing portfolio through focus areas, including lease renegotiation, optimization initiatives and approval requests.

Lease Renegotiations

Kohl’s actively seeks partnerships with the landlord community to create win-win scenarios. By leveraging Kohl’s credit and strong brand recognition, landlords can benefit from obtaining additional lease terms to allow for additional financing, securing a long-term tenant to improve the marketability of surrounding boxes, or collaborating 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, evaluate operational savings, and leverage existing landlord relationships to negotiate returning to 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 re-realestate@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)