Sentences with phrase «anchor tenant»
An anchor tenant is a large and prominent business that attracts and brings in customers to a shopping center or mall. They act as a "main" or "anchor" store and help to establish the success and popularity of the overall retail space. Full definition
The plan is to use these two companies as anchor tenants that will, in turn, attract other companies in the same line of work.
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It's going to be fun having a new anchor tenant in town to contribute to the next stage of growth in our ecosystem!
So you need to find anchor tenants who have authority in your field and who are respected by other angel investors in order to maximize the benefits of social proof.
This form is to be used to lease space / s in shopping centers that have one or more anchor tenant.
The center also houses an attorney, a technical writer, a prototype - development company and other anchor tenants that provide startups with reduced - rate services.
A solid anchor tenant may get a project built, but a great location and greater design will be even more important going forward to sustain a project.
It also fails to account for the fact that in general anchor tenants pay less in rent than inline stores even when released at current market rates.
The caveat is that the properties in question have to feature good credit anchor tenants, long - term leases and good locations.
The group plans to target primarily retail properties with a high proportion of strong national and regional anchor tenants.
For anyone involved in building, leasing, marketing or selecting space in shopping centers, geographic information is as essential to decision - making as anchor tenants are to survival.
«We feel that this portfolio offers a strong mix of anchor tenants in key demographic areas in Las Vegas,» said Lou Quilici, senior vice president of Inland Real Estate Acquisitions Inc., in a statement.
Target landlords RioCan and Morguard — which between them owns nearly all of the locations Target occupies — now finds itself without a major anchor tenant at more than 100 locations.
After the purchase, Arriaga signed two new anchor tenants for the shopping center — Blockbuster Video and Kinko's.
The model involves the state identifying business sectors to target for further growth and recruiting developers to build facilities and seed them with anchor tenants who can in turn attract other related businesses to build a critical mass of related activity.
Steinhafel bought everything, essentially committing the company to opening stores as quickly as possible to avoid paying rent on stores that weren't operational and leaving landlords without anchor tenants.
«Each center has strong credit, national anchor tenants on long - term leases and is located in an established trade area in close proximity to major highways, providing easy access for shoppers.»
Cedar's largest anchor tenants include Giant, Farm Fresh and Discount Drug.
«These exciting new anchor tenants align directly with MaRS» mandate and will further Ontario's position as a global leader in life sciences, leading to tangible medical benefits for Ontarians while taking advantage of a massive economic opportunity.»
Major anchor tenants include supermarkets, discount stores and drugstores such as Albertson's, Wal - Mart, Kmart, The Home Depot, CVS and Eckerd Drugs.
So Simon has been proactive in assisting anchor tenants like Neiman Marcus.
Canderel's commercial leasing division has currently secured lease commitments from anchor tenants Bath & Beyond, Bank of Montreal, Canyon Creek and Alice Fazooli's.
Located prominently on Lexington Avenue across the street from Grand Central Terminal, the class - A property has enjoyed 100 percent occupancy since its development in 1987, and the original anchor tenants, Simpson Thacher & Bartlett LLP and CIBC, continue to occupy the building.
Many of the centers are anchored by JCPenney, Sears or Boscov's, which are already PREIT's three largest anchor tenants in its existing portfolio.
The First Union Tower is now 92 % leased, with anchor tenant First Union leasing half of the space on a long - term lease.
Great anchor tenants, Crabby Joe's, Phoenix Fitness...
Donahue Schriber plans to remodel the center and renovate the plaza area in front of anchor tenant Albertson's grocery store.
As at malls, there are boutique dealers at Art Basel Miami Beach and key anchor tenants and also a food court, albeit one that sells flutes of Champagne.
«We are excited to become an even more significant member of the MaRS eco-system by committing to be a long - term anchor tenant,» said Cameron Piron, Co-Founder and President, Synaptive Medical.
«MaRS helps generate significant economic activity for Ontario's economy, and today's announcement of strong, innovative anchor tenants enhances their vision,» said Brad Duguid, Ontario Minster of Economic Development, Employment and Infrastructure.
Two notable cases were Macy's and Sears, traditional anchor tenants of US shopping malls, which each announced the closure of more than 100 stores.
So Finger and a group of the other anchor tenants offered the Ferry Building a deal: They would sign leases, but they'd be allowed to exit without penalty if the marketplace wasn't 75 - percent booked after six months.
ESD officials say the state will continue building the site, which developers broke ground on in April, and will continue seeking a replacement anchor tenant.
Facts are facts though, and it hasn't been a good month for RiverBend's anchor tenant SolarCity.
Uniland Spokesperson Jill Pawlik applauded the ECIDA Board's approval of abatements for Delaware North, its proposed anchor tenant.
«There is no one big anchor tenant.
Its mission is to find high quality real estate that will generate predictable, growing cash flows through long contractual lease duration of credit - quality anchor tenants with a strong likelihood of lease renewal.
In the process of delivering successful openings of Outlet Collection at Niagara, CrossIron Mills and Vaughan Mills, she successfully negotiated the tenancies of first to market and established anchor tenants alike, the company says.
The 175,000 sq. ft. Gentilly Woods Shopping Center will receive a new $ 1 million façade and also will be remodeled to allow for an additional anchor tenant.
Transbay will be a new icon for the city and state, but also a beacon for a progressive anchor tenant looking for the finest, sustainable office space.»
Same - store sales for mall - based anchor tenants dropped by 5.7 % in March 2003 compared with a year ago and have been falling every month since at least October 2002, according to data from Merrill Lynch Global Securities Research.
The size of community centers has exploded in recent years along with growing anchor tenants.
«Both centers met our acquisition criteria, including superior trade area demographics, strong anchor tenants, favorable pricing and value - add potential.
Shortly after, Gaedeke's anchor tenant NTT Data made another big statement by leasing an additional 233,000 square feet at neighboring project, the Campus at Legacy West.
The office anchor tenant, the American Medical Association, has agreed to lease 275,000 square feet, said a Jones Lang LaSalle spokeswoman.
Due for completion in November 2010, Canarsie Plaza is pre-leased to anchor tenant BJ's Wholesale Club and a New York City department.