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Fashion Place 2023 Leasing Packet

Fashion Place offers various leasing options for retailers, including pop-up displays, cart displays, and kiosks, with pricing varying based on location and term length. Additional fees include a one-time application fee, pre-paid rent, and potential percentage rent based on sales. Retailers must also provide necessary permits, insurance, and display plans for approval before leasing space.

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0% found this document useful (0 votes)
18 views5 pages

Fashion Place 2023 Leasing Packet

Fashion Place offers various leasing options for retailers, including pop-up displays, cart displays, and kiosks, with pricing varying based on location and term length. Additional fees include a one-time application fee, pre-paid rent, and potential percentage rent based on sales. Retailers must also provide necessary permits, insurance, and display plans for approval before leasing space.

Uploaded by

lexi.glez.09
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We take content rights seriously. If you suspect this is your content, claim it here.
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Dear Retailer:

Thank you for your interest in leasing space at Fashion Place. The process is fairly simple and can take as
little as 7 days.

Below is general pricing information, however, please note that rates are negotiated depending on location,
square footage requirements, length of term and what you are selling.

POP UP DISPLAY: $5,000/month Jan-Oct, Holiday (Nov-Dec) $7,500-$10,000/month. Price is determined by


us e, location, length of term and use. This includes an 8 ‘x 10’ area with a rug, table, trunk, A frame fixture,
covers and electricity. Price is the same regardless if you have your own display fixtures. Term is negotiable.

CART DISPLAY (RMU): $2,500-$3,000/month Jan – Oct, Holiday (Nov-Dec) $5,000-$7,500/month.


Price is determined by us e, location, length of term and use. Price includes the cart (approximately 40 s.f.),
shelving & merchandising pieces, location, and electricity. The term is negotiable.
KIOSKS: $5,000-$10,000/month Jan-Dec) Kiosks are not provided by the mall. Each retailer would need to
provide their own kiosk unit and it would need to be designed and built using the malls criteria. The rent is
based on the location, size of kiosk, length of term and use.

ADDITIONAL FEES
Application Fee: $250 (one-time fee)

Pre-Paid Rent (Security Deposit) Applied to Last Month: one months rent plus personal guarantee or 2
months rent without personal guarantee.
Percentage Rent: is usually associated with leasing space in malls. It is a rental charge based on the gross
sales of the retailer and is paid in addition to your base rent. Fashion Place typically has a 15% natural
breakpoint and is calculated as a factor of the base minimum rent. Percentage rent only applies after a certain
amount of base rent has been reached. Example: if your rent is $2,500 you would divide that by 15% to figure
out your breakpoint. $2,500/15%=$16,667. You would start paying percentage rent after your sales exceed
$16,667 per month.

Required Permits
All retailers are required to have a Business License from Murray City. For more information, visit
https://www.murray.utah.gov/361/Business-Licensing

Insurance Requirements
A certificate of insurance (COI) providing coverage for general liability is required prior to opening your
business. For more detail, see the insurance requirements for Fashion Place Mall attached to this packet.
Should you not currently have coverage, Fashion Place can provide General Liability Insurance meeting the
requirements for our properties. Simply visit https://bprtenantinsurance.com/ for a free quote.

Display Requirements
While shelving can be made available on the cart, individual display pieces may need to be procured in order to
present your product in a visually appealing manner. Great displays and merchandising are important to the
success of your business. Display design and signage must be approved prior to setting up. This can be
achieved by providing examples of previous displays or drawings.

Signage
Cart: “15.25’x42.25”” – printed on TEKRA Please choose a simple clean image with your DBA name only.
Once you have your design please submit the proof to mall management, prior to production. $60-$85 for both
sides

Preferred signage vendor:


Queen of Wraps – Cathy Murphy
801-910-8038 / [email protected]
STEPS TO LEASE SPACE:
❑ Return the completed application (see attached)
❑ Sign & return the License Agreement (this will be email via Docusign once terms have been agreed upon)
❑ Get a Murray City Business License ( https://www.murray.utah.gov/361/Business-Licensing)
❑ Provide display plan, including signage, for approval
❑ Submit COI- Certificate of Insurance & Workers’ Compensation coverage
❑ Pay rent, and pre-paid rent (by certified check or credit card)
I look forward to working with you.

Sincerely,

Melissa Elliott
Specialty Leasing Representative
Fashion Place, Boise Towne Square & Grand Teton (385) 249-8526
[email protected]

FASHION PLACE
6191 S. State Street, Suite 201, Murray,
UT, 84107
T (801) 262 9448 BrookfieldPropertiesRetail.com
Standard Certificate Requirements for
SPECIALTY LEASING Tenants at

Fashion Place
6191 S State Street Suite #201
Murray , Utah 84107

Certificate Holder: FASHION PLACE, LLC


(Mailing Address) Fashion Place
6191 S State Street Suite #201
Murray , Utah 84107
Coverage Requirements (Lease may vary)
Insurance Carrier(s) must meet AM Best A- VII Rating
Additional Insured/Loss Payee: FASHION PLACE, LLC
Brookfield Properties Retail
Holding LLC Brookfield
Properties Retail Inc. Brookfield
Property Partners LP

General Liability: $1,000,000 Occurrence / $3,000,000 Aggregate


$1,000,000 Products Comp/Op Aggregate
$1,000,000 Personal & Advertising Injury
$50,000 Fire Legal Liability
Include Waiver of Subrogation
Professional Liability: (any
tenants/licensees offering professional
services (e.g. massage or other spa $500,000 Occurance
services) must carry professional liability

Cyber: $50,000 Occurance and in the aggregate

Automobile Liability: $1,000,000 Combined Single Limit

Workers' Compensation: $1,000,000 per accident and $1,000,000 per disease


$1,000,000 policy limit (or as required by State WC laws)
In Monopolistic States: Evidence of Monopolistic State Coverage
Employers' Liability: $500,000 Occurrence/Aggregate

Cancellation Clause: 30 Days Notice

6191 S. STATE ST. STE 201 MURRAY, UT 84107 /// 801-262-9447 /// fashionplace.com
SPECIALTY LEASING RETAILER APPLICATION
This is for informational purposes only and is not to be considered in any way a commitment to enter into a License Agreement with the applicant.

Date PLEASE INDICATE MALLS OF INTEREST ON THE REVERSE OF THIS APPLICATION.

Contact Name/Title DOB

Legal Name of Business

Business Name/DBA (Name that will appear on sign)


Number of
Years in
Business Fed. Tax ID# SS#

Home Address, City, State, ZIP

Business Address, City, State, ZIP

Office # ( ) Fax # ( ) Mobile # ( )

Home # ( ) Email: Website: www.


Type: RMU (We supply, also known as a Cart) Kiosk (Provided by Merchant) Store Vending Display/Demo Event/Show Advertising
TILS (temporary in-line store) Other
Product Information (Please attach sample products, photos of your retail set-ups or brochures of product line to be reviewed by our internal committee).
Note: These samples, photos, etc., will become the property of GGP and will not be returned.

Items to be sold and/or demonstrated or description of Event/Show or Display:

What are your price points?

Monthly sales projection? Annual sales projection?


Business Information (Please attach a copy of your business plan and financial statements to this application)
Entity Type: Corporation LLC LLP Sole Proprietorship Other ________________________________ State of Qualification/Formation: _____

Do you have existing stores? Yes No If yes, Please list name and location below.

Please list the most recent shopping center where you have conducted business

Center State Developer

Contact Person Phone# ( ) Average Weekly Gross Sales $

What is the desired term? (i.e., March through August, opening date March 15)

Have you been a temporary tenant before? Yes No If yes, when and where?

Projected opening date: Will you require more than 20 AMPS of electrical service? Yes No If Yes, how many?

Primary Contact Name: Date of Birth:


Guarantor
Information Legal Entity: FEIN SSN
*Required
Phone Email:

Thank you for your interest in our Specialty Leasing Program. Our Specialty Leasing Program allows you to gain recognition from people that pass
through our centers each month. Your application, business plan, financial statements, cart illustration, and non-returnable photographs or
samples and merchandising concept will enable us to evaluate your business thoroughly. The signing of the application by the proposed licensee
does not constitute acceptance into the Specialty Leasing Program and execution of this application in no way grants consideration, acceptance,
occupancy, or tenancy at any Brookfield Properties owned or managed center without express written consent in the form of a mutually agreeable,
fully-executed License Agreement. In signing this document, the undersigned certifies that I/He/She/It have made an honest representation in
responding to the questions above, and does hereby certify that all information contained herein is true and accurate. Please sign and return the
completed application along with the required supporting documents to: The Mall Management Office, Attention: Business Development

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