What challenges face anchor tenants
when they change formats?
The Northern Centre for Advanced Technology (NORCAT) is set to lure the largest world supplier of shotcrete applications and the makers of the Canadarm to Sudbury as major anchor tenants
for their residency program.
Other notable examples elsewhere include Forest City Ratner securing the New York Times as a development partner and anchor tenant
in a tower it just completed at 620 Eighth Avenue, and Douglas Durst landing Bank of America as the anchor tenant
for One Bryant Park in Midtown.
Based on plans by its core group of anchor tenants
for entry into under-represented markets, JDN has targeted the Midwest as its primary focus for geographic diversification.
These investments vary from project to project, but include a) leasing to a new major powerful drawing anchor tenant
or a series of attractive junior anchor tenants
b) the renovation of exterior facade of the mall, (c) the renovation of the mall entrances, (d) an upgrade to the mall's common area corridors and lighting, (e) the mall's entire parking lot will be resurfaced and re-striped and (f) the mall's signage will be significantly upgraded.
At that time, the building's anchor tenant
, Hong Kong Shanghai Bank, had moved out to reconsolidate its operations in midtown.
Federal Realty Investment Trust (NYSE:FRT) today announced the promotions of Chris Weilminster to senior vice president, anchor tenant
leasing, Jonathan Kayne to senior vice president, director of real estate, Debbie Colson to senior vice president, legal operations, and Don Briggs to vice president, development.
Furthermore, Fitch notes that all the currently rated sports facilities with an NHL team as an anchor tenant
also contain one or more additional sport franchise anchor tenants
and host a number of concerts, events, and conferences annually that provide a significant share of annual revenues to protect bondholders.
This deal enabled Raymond & Feldman to avoid the capital-intensive and disruptive process of relocating to new premises, while the landlord was able to perpetuate its cash flow from these floors in light of a large block of space being vacated by the building's anchor tenant
, Bloomberg L.
Scott Jensen, Executive Vice President of Leasing, added, "Colonie Center has extremely strong anchor tenant
Our strategy is to reposition the mixed-used complex to create a more pedestrian friendly environment and to attract an anchor tenant
to serve as a focal point for Princeton Forrestal Village.
The property features many strong Anchor tenants
, including Smart & Final, Office Depot, Kinko's, and Sam Ash Music.
Best Buy is one of the most sought after anchor tenants
in the United States and will be a huge draw for area residents as well as their fellow merchants in the shopping center.
59 acres of land, 58 percent of which is occupied by anchor tenants
and approximately 116,530 square feet of which is local tenant gross leasable space.
Scheduled to open in late 2003 and renamed Fallbrook Center, the mall will be home to big-box discount stores, with Home Depot, Ross and DSW Shoe Warehouse among the anchor tenants