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Matt Mason: Study Predicts 1 in 5 Department Stores Will Close by 2023 – Footwear News

Mass Mason was featured in Footwear News’ article titled “Study Predicts 1 in 5 Department Stores Will Close by 2023.”

“Compromise among the parties as to future uses and parking and suite configurations can lead to a once-again thriving center, but it takes broad recognition that the needs of replacement tenants is significantly different than previous users,” said Matthew Mason, a managing director at Conway MacKenzie who assists institutional clients, lenders and private investors with distressed real estate. “A move to a blended-use center is the key to future stability.”

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