Rumor has it that Talbots is considering a move to Penn Square. Problem is, Penn Square doesn't have any space available for them at the current time. But, that doesn't seem to be a problem, as Talbots is still under a 5 year contract with 50 Penn Place. Anyways, not sure if Talbots will stick with it and move across the street, but I wouldn't be surprised if they do that in the near future. Every store that's moved to Penn Square away from 50 Penn Place has seen huge increases in profits. Williams-Sonoma and Ann Taylor are good examples. If Talbots decides to leave 50 Penn Place, what would that mean for 50 Penn? Well, that pretty much spells the death of 50 Penn Place, IMHO. Talbots is pretty much the anchor of the retail sector at 50 Penn Place. If Talbots moves in the near future, I wouldn't be surprised to see Harolds move with them.

There is only really one space open right now that Tablots might consider.....2nd floor on the Foleys wing....Penn Square has been using this for short term leasing and seasonal shops. All Wireless is also on a short term lease, thus this area could be leased all at once. Also, spaces currently leased by Julyani and th Zoo store are temporary spaces. Other than that, the mall is full....all other spaces are long term leases. That's not too shabby, just having 3 short term leases.

By the way, OU/OSU A Store Divided is on a short term lease, but White House/Black Market has already leased that space long term along with a portion of the old Express space next to Jos A Bank...they plan to open Spring of 2005. This will be another upscale store to the Penn Square market.