Ultimately this may affect the investment value of the centre, particularly if the vacating tenant is an anchor tenant
, and finding a replacement tenant may be difficult.
are re-formatting and re-imaging their stores to stay competitive.
According to the report, when an anchor tenant
is in bankruptcy, Standard & Poor's applies conservative underwriting assumptions, particularly relative to vacancy and retenanting costs.
A third anchor tenant
possibility, which Lake considers a "long shot," is the inclusion of NASA and the Los Alamos National Laboratories.
1] is the quantity of rental space leased by the anchor tenant
But, the MTA's reported leanings highlight a real estate phenomenon that is becoming increasing important in New York: finding an anchor tenant
before the shovels are in the ground.
In addition, law firm Segal McCambridge recently signed a new 60,000 sf lease, and in a show of confidence, longtime anchor tenant
Ernst & Young, which already leases over 300,000 sf in the building, recently expanded its presence in the building by taking additional expansion space.
In addition to Sleepy's, the shopping center's other tenants include Bally Total Fitness Center, which is the anchor tenant
with 20,000 s/f, as well as Kentucky Fried Chicken, Subway, GNC and a variety of convenience stores.
Revealing the news while speaking at NAREIT's Investor Forum held at the Waldorf Astoria last week, Hersh indicated that firm would develop the tower only with an anchor tenant
in place and said that he is in negotiations with two financial firms that currently occupy space in Manhattan.
The anchor tenant
at the complex has committed to a 21,000 s/f expansion and now occupies 105,613 s/f of executive offices, customer service and IT functions and laboratory space.
As of last week, NJ Transit is set to become the anchor tenant
at the to-be-constructed Moynihan Station.
Colonie Center has extremely strong anchor tenant