Mall operator now offering short-term co-tenancy agreements for turnkey retail space

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Macerich is trying out a new program in its malls to make it easier for e-commerce brands to open bricks-and-mortar stores.

The $7 billion real estate investment trust – the country’s ninth-largest mall owner with some 51 million square feet of retail space – is cutting through the red tape of opening a store, Forbes reported.

Instead of a traditional lease – where the tenant is in charge of things like hiring a broker, securing city permits and installing their own build-out – Macerich is offering retailers co-tenancy…