anchor store

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anchor store

A store (usually a major chain store or department store) in a shopping center or mall whose presence attracts business to smaller shops within the center.
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There is definitely a shift with anchor tenants opening fewer new locations.
Lake says the idea behind selecting the anchor tenants was to attract large reputable international companies inclined to do a substantial amount of business in the mining industry or in the Sudbury area.
There is no question that having the commitment of an anchor tenant will give bidders for the Hudson Yards a leg up, said Josh Kuriloff, vice chairman of Cushman & Wakefield, which conducted an economic analysis of the Hudson Yards area for Manhattan in 2004.
Anchor tenants include Macy's, Sears, Boscov's and Christmas Tree Shops (a subsidiary of Bed, Bath and Beyond).
A 15-year veteran of Federal Realty Investment Trust, Chris Weilminster assumes the role of senior vice president, anchor tenant leasing.
In general, the taxes are collected by the municipality and allocated to pay debt service whether the anchor tenant teams are playing or not.
Best Buy is always a strong consideration for Weingarten when identifying a list of prospective anchor tenants, especially when seeking a consumer electronics store as they are the leader in their category, in my opinion," she continued.
During the renovation, all current anchor tenants will remain open, and Sport Chalet and the properties on the north end of the development will not be affected.
Six Anchor Tenants Signed for 500,000 Square Feet; Construction Firms in Place
Though it might be business as usual for the anchor tenants, it's devastating to those stores who are shutting down.
Anchor tenants include Delchamps and Albertsons supermarkets, K&B and Eckerd drug stores, Kmart, Marshall's and Campo Electronics.