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shopping, dining, entertainment and mixed-use properties in North America, as well as Europe and Asia. It generates billions in annual sales, and it's therefore the
shopping, dining, entertainment and mixed-use properties in North America, as well as Europe and Asia. It generates billions in annual sales, and it's therefore the company's priority to maintain the right mix of tenants in its properties that pay the rental prices that are just right. The Oak Mall is a newly opened mall (this is a fictitious mall, by the way!) consists of a total area of 12 million square feet. Macy's, Nordstrom, Sears, and JC Penney are its anchors, and they altogether occupy 3 million square feet of space. The mall owner is planning that each in-line tenant in the mall would be paying $3.50 per year per usable square foot in common area maintenance (CAM) charges. In-line tenants will occupy 5.5 million square feet. The remainder is common area ( square feet (use "0" for any blank values)) which the landlord believes will require $8 per square foot to maintain and operate each year. (a) If the shopping mall's owner would like to recover all CAM expenses from all tenants in the mall, the anchors would need to pay $ (round to 2 decimal places and use " 0 " for any blank values) every year per square foot of their usable space for the CAM charges. shopping, dining, entertainment and mixed-use properties in North America, as well as Europe and Asia. It generates billions in annual sales, and it's therefore the company's priority to maintain the right mix of tenants in its properties that pay the rental prices that are just right. The Oak Mall is a newly opened mall (this is a fictitious mall, by the way!) consists of a total area of 12 million square feet. Macy's, Nordstrom, Sears, and JC Penney are its anchors, and they altogether occupy 3 million square feet of space. The mall owner is planning that each in-line tenant in the mall would be paying $3.50 per year per usable square foot in common area maintenance (CAM) charges. In-line tenants will occupy 5.5 million square feet. The remainder is common area ( square feet (use "0" for any blank values)) which the landlord believes will require $8 per square foot to maintain and operate each year. (a) If the shopping mall's owner would like to recover all CAM expenses from all tenants in the mall, the anchors would need to pay $ (round to 2 decimal places and use " 0 " for any blank values) every year per square foot of their usable space for the CAM charges
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