Sentences with phrase «as anchor tenants»

Malls in small cities have emptied as anchor tenants such as Sears and J.C. Penney have closed, smaller shops have shuttered or moved and big retail has shifted to Walmart - anchored shopping centers.»

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.

Promising $ 26 million in private investment, SUNY Poly renamed the building the Smart Cities Technology Innovation Center and landed the credit union SEFCU and the civil engineering firm CHA as its anchor tenants.

New York is paying to build and equip facilities for companies that will function as anchor tenants and attract other companies in their sector.

Buildings like 7 World Trade Center and the new Goldman Sachs headquarters, along with the recent decision of Condé Nast to move about 5,000 employees to 1 World Trade Center as its anchor tenant in 2014, are ensuring there will be no ebb in the number of office workers walking the streets at lunch and after work hours, he said.

WeWork has signed on as an anchor tenant in the $ 1 billion tower.

Extell Development's Central Park Tower at 217 West 57th Street — which has yet to secure a construction loan — has locked in a 363,000 - square - foot Nordstrom department store as its anchor tenant.

Poitín, a high energy, elegant new restaurant and bar concept by Irish - turned - Houston restaurateur Ian Tucker, will feature cross-cultural cuisine, vibrant cocktails, and a globally - curated wine list when it opens as the anchor tenant at Sawyer Yards in the heart of the Washington Avenue Arts District in spring / summer 2018.

La Centrale will be in the north block of Brickell City Centre's 500,000 - square - foot, open - air retail area as an anchor tenant.

Governor Andrew Cuomo says it is a «big win» to have IBM as the anchor tenant in the new Buffalo IT Innovation and Commercialization Hub.

Aside from the groundbreaking, Lighthouse Point developer Triangle Equities announced that co-worker space Regus signed on as an anchor tenant for the commercial portion of the space and will take up about 30,000 square feet.

«We are thrilled to bring Regus on as our anchor tenant; they are a true testament to Staten Island's readiness for this area to be a true live, work, play environment,» Petracca said.

Not as an anchor tenant where you come in and you're always paying this bill.

In many instances, Reading benefits by having its own multiplex as an anchor tenant and by having itself as landlord.

One of the galleries tapped for the project, the Paul Kasmin Gallery, will serve as the anchor tenant and expand into a 5,000 - square - foot space.

A large shopping mall thrived with Sears as the anchor tenant at one end and JCPenney at the other.

«This has resulted in more owners once again seeing theaters as a positive part of the retail mix, making them more desirable as an anchor tenant.»

The Corner at Bellevue Square landed Crate & Barrel as its anchor tenant.

Newark's park revitalization, said Harnik, has brought other development to the area, including the adaptive reuse of the former Hahne's Department Store, which will feature Whole Foods as its anchor tenant.

Highlands Plaza was completed in 1989 and features Winn Dixie as the anchor tenant.

Hileman says the company may: * combine the arcade concept with food or liquor; * open a center on a college campus; * locate in a theater, hotel or larger amusement park and share revenue; * increase the size and entertainment offerings of the center so that it can serve as an anchor tenant in a mall; or * position the arcade near other entertainment venues such as ice skating rinks.

As an anchor tenant, Washington University in St. Louis will lease 69,000 sq. ft. of space for its offices of technology management, research administration and faculty practice plan.

Not exact matches

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.

Thanks to that anchor tenant, which is locked into 10 - year - plus leases, Thomas Dicker, a portfolio manager with 1832 Asset Management, thinks of Crombie as more of a bond than a stock.

Once dominant United States department store operators such as Macy's and J.C. Penney have announced plans to shut hundreds of stores in recent years, putting pressure on landlords to find new «anchor tenants» or come up with new ways to grow returns.

Even today the typical anchor store pays around $ 4 per square foot in annual rent; the average non-anchor tenant paid $ 42.22 per square foot a year as of the third quarter of 2016, according to real estate analytics firm Reis.

«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.»

Two strategies I talked about in the post for getting your «anchor tenants» are 1) taking them on as advisors first and 2) giving early people cheaper pricing.

The Tribeca Film Festival, once of the anchor tenants, will establish a permanent outdoor venue on the rooftop as part of the pier's 100,000 square feet of new public park space.

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.

In the last two years, more than 400 of the largest 2,000 malls in the U.S. have shut their doors as «anchor» tenants (department stores such as Dillards, JC Penney) have pulled out, causing a cascade of smaller stores closing up.

Even where a provision is subject to Ch 1, it may still be treated as exempt if it is reasonable and brings economic and consumer benefits (eg a restriction in a shopping centre lease necessary to attract an anchor tenant without whom the centre would not be viable).

The former Northgate Convenience Center, located adjacent to anchor Sears, will be called The Shops At Northgate when it grows 40,000 sq. ft. to total 84,590 sq. ft. to accommodate new tenants such as Boston Chicken.

Movie theaters were promoted as the «next big thing» as tenant anchors and the rock - solid foundation of the seemingly unstoppable trend toward entertainment retail.

In retail, national tenants provide an anchor and stability for the overall net income profile, but there are also smaller tenants that are going to consistently be rolling in their leases, and that server as a rent growth driver.

A second phase features a specialty open - air plaza, Casa Paloma, which will be anchored by tenants such as AJ's Market.

The centers are acquiring new tenants and will have grocery anchors such as Safeway, Fred Meyer, QFC and / or Albertson's.

Over the years, Tel - Twelve has undergone several major changes, including replacing the two original anchors, and converting the enclosed mall to a 700,000 sq. ft. power center that is anchored by tenants such as Lowe's Home Improvement, Petsmart, Pier One and Michaels.

Sidley Austin Brown & Wood LLP has agreed in principle to become the anchor tenant in a Loop tower proposed by Hines, a Houston development firm, as downtown office building construction is seemingly unfazed by uncertainty over the economy and the war against Iraq.

The developer had asked the brokerage to help him find an anchor tenant for a planned big - box retail development, informally known as the Trenton Project.

- ft. retail center, located at 8700 - 8760 La Riviera Dr., is anchored by Big Lots and includes tenants such as Jack in the Box and Subway.

The Divaris - leased Waynesboro Town Center is anchored by tenants such as Target, Kohl's, Michael's, PetSmart, Aldi and Bed Bath & Beyond.

For the mall landlords such as Santa Monica, California - based Macerich, the partnerships allow them to redevelop the anchor stores and add new tenants who would pay higher rent than Sears and also may draw more shoppers to the properties.

Without an anchor tenant, lenders regarded the endeavor as risky and would lend only about two - thirds of the small project's cost.

The 31,846 sq. ft., shadow - anchored center includes such tenants as Vons, Longs Drug Store, Burger King, El Pollo Loco and Chevron.

The center is anchored by Dillard's, Sears, JCPenney and Goody's and features such tenants as Victoria's Secret, Bath & Body Works, American Eagle Outfitters and Zales Jewelers.

Major anchor tenants include supermarkets, discount stores and drugstores such as Albertson's, Wal - Mart, Kmart, The Home Depot, CVS and Eckerd Drugs.

There is a lot of buzz on the web this week about the possibility of Apple being seen as an anchor for malls and lifestyle centers as opposed to as an inline tenant...

Such factors include, but are not limited to: the Company's ability to meet debt service requirements, the availability and terms of financing, changes in the Company's credit rating, changes in market rates of interest and foreign exchange rates for foreign currencies, changes in value of investments in foreign entities, the ability to hedge interest rate risk, risks associated with the acquisition, development, expansion, leasing and management of properties, general risks related to retail real estate, the liquidity of real estate investments, environmental liabilities, international, national, regional and local economic climates, changes in market rental rates, trends in the retail industry, relationships with anchor tenants, the inability to collect rent due to the bankruptcy or insolvency of tenants or otherwise, risks relating to joint venture properties, costs of common area maintenance, competitive market forces, risks related to international activities, insurance costs and coverage, terrorist activities, changes in economic and market conditions and maintenance of our status as a real estate investment trust.