Our Mission

Learn who we are and how we serve our community

Leadership

Meet our leaders, trustees and team

Foundation

Developing the next generation of talent

C+CT

Covering the latest news and trends in the marketplaces industry

Industry Insights

Check out wide-ranging resources that educate and inspire

Government Relations & Public Policy

Learn about the governmental initiatives we support

Events

Connect with other professionals at a local, regional or national event

Virtual Series

Find webinars from industry experts on the latest topics and trends

Professional Development

Grow your skills online, in a class or at an event with expert guidance

Find Members

Access our Member Directory and connect with colleagues

ICSC Networking Platform

Get recommended matches for new business partners

Student Resources

Find tools to support your education and professional development

Become a Member

Learn about how to join ICSC and the benefits of membership

Renew Membership

Stay connected with ICSC and continue to receive membership benefits

C+CT

Pop-up deal making on the trending Clubhouse platform

February 5, 2021

South Florida retail landlord Beth Azor is such a fan of the TV show Shark Tank that she decided to apply the show’s format, in which entrepreneurs pitch business plans to possible investors, to retail real estate. In her version, small businesses can pitch to shopping center landlords for free pop-up space.

Last night, Azor held an event called Space Tank on the trending social platform Clubhouse. The event introduced 141 entrepreneurs and mom-and-pops that desire retail space to 51 landlords of all sizes and footprints that wish to donate vacant spots for three months.

Among the landords were Tanger, Brookfield, Kimco Realty, Phillips Edison & Co., Urban Edge Properties, Brixmor, Federal, Simon and Westfield. The prospective pop-up tenants ranged from home decor and apparel retailers to a talent management studio and a restaurant space run by culinary students. Interested property owners grilled the business owners to decide if they’d match.

Any potential matches are picking up their conversations now off-platform, and landlords who agree to matches will commit to 90 days of free rent. In return, the small businesses will pay for desired capital improvements, utilities, insurance and a one-month security deposit. Azor herself offered up space at each of her shopping centers that has availability.

She has seen a lot of demand for pop-up space at her properties during COVID-19. Of the leases she signed in late 2020, six were for temporary space so the tenant could test the market without taking major financial risk. Two of the six have converted to longer-term leases at market-rate rents, she said. “I thought, ‘I don’t have money to invest in small businesses, but I do have something that is just as valuable, vacant space, and more than usual because of the pandemic,’” Azor said.

“I don’t have money to invest in small businesses, but I do have something that is just as valuable, vacant space, and more than usual because of the pandemic”

Space Tank generated a wealth of connections. Several landlords offered space to one entrepreneur, for example, who wished to relocate her tutoring service from Cleveland to Florida. Azor told SCT that throughout the night, “30 small businesses got a ‘tap’ from over 50 shopping center owners for both open-air and traditional mall space. Many small businesses were being courted, which is a wonderful thing to hear.”

Azor’s event leverages the buzzy Clubhouse platform, which is available in beta mode for iPhone users by invite only at this point. The platform features seemingly infinite, themed, audio “rooms,” where users can drop in to listen to the discussions. For Space Tank, the new, virtual platform aided deal making without making people nostalgic for the old way of connecting. “Not one of the entrepreneurs mentioned ‘COVID’ or ‘pandemic,’” Azor said.

She plans to hold future Space Tank events on Clubhouse, perhaps honing them with regional focuses.

By Brannon Boswell

Executive Editor, Commerce + Communities Today

Small Business Center

ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.

Learn more