Mall Retail (Cambridge Centre, Conestoga, Fairview)

[MacBerry]

Considering that's the newest part of the mall, I don't think they're going to be tearing it down any time soon.

They're probably going to continue scouting for a retailer that can take the entire space for a while, before they break down, and spend the money to subdivide.

There may well be a long term lease payment owing from the short lived Target days. That money owing may limit what they can do in the short term if they are owed a significant amount. Using it for seasonal sales like Halloween ad Christmas would likely have been authorized by the Trustee. 

Not sure how they did their leasing but it could be an issue stopping any sub-divide. It will be hard to find a good economic leaseholder to take over this large footprint.

If there is money potentially collectible it will be ultimately be going to the courts for a decision as to disposition.