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Letters of Intent are used to outline the major terms of an offer in order to avoid unnecessary costs of drafting legal documents in the event the parties do not agree to the terms as drafted. Once a Letter of Intent is signed by both parties, a purchase and sale agreement (PSA) is drafted. Not all commercial property transactions utilize a ...
Former enclosed mall. On December 23, 2019, the remaining tenants of Phillipsburg Mall received lease termination letters, telling them they have 30 days to vacate the mall. The Kohl's store in the mall remains open as of 2024. [50] Rio Mall Rio Grande: 180,000 Former enclosed mall.
Retail Lease in Chicago. A retail lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years.
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Aerial view of the Financial District in Downtown Toronto Main Street in Chesterton, Indiana. Commercial area, commercial district or commercial zone in a city is an area, district, or neighborhoods primarily composed of commercial buildings, such as a strip mall, office parks, downtown, central business district, financial district, "Main Street", or shopping centers.
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Tysons Corner Center mall is one of the most famous landmarks in Tysons, Virginia and Fairfax County. Tysons, also known as Tysons Corner, [5] is a census-designated place (CDP) in Fairfax County, Virginia, United States, spanning from the corner of SR 123 (Chain Bridge Road) and SR 7 (Leesburg Pike). [6]
The mall is located near the Garden State Parkway at exit 105 and Route 18 near the former location of the Eatontown Circle. As of July 2024, Monmouth Mall is in the process of being demolished to convert the property into an open air retail location that will feature additional retail, office, and residential units. [ 4 ]
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