The commercial objective of the keep open clause is simple, landlords want all shops in its centre, especially its anchor tenants
, open for business and trading for the advertised opening hours to attract as much footfall and passing trade as possible.
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.
The parameter [Alpha] is an arbitrary parameter that measures the cross-patronage between the anchor tenant
and the non-anchor tenant
, with [Alpha] [greater than or equal to] 0.
Often, securing an anchor tenant
for a building before construction begins can be the linchpin that secures the entire project and the financing.
The $780 million refinancing signals the resurgence of this outstanding asset, and caps off a very active period which witnessed the ownership renewing several large, long-term credit anchor tenants
When the plans for the Moynihan Station were first considered in the 1990's, AMTRAK was set to become the anchor tenant
at the property, but has since had to withdraw its offer because of financial difficulties.
As these projects are completed and the mall shops lease up with exciting new tenants, we will draw on the high volumes of anchor tenant
shoppers, driving sales and further driving occupancy.
We're delighted to have a prominent company such as Commerce Bank as the anchor tenant
for 317 Madison," said Steven Durels, Senior Vice President and Director of Leasing at SL Green.
And with Piggly Wiggly as its anchor tenant
, Northgate Shopping Center has the largest branded grocery store in Sheboygan as its main retailer.
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.
and announced that it plans to sign a supermarket as an anchor tenant
and add as much as 30,000 s/f to the 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.
At that time, the building's anchor tenant
, Hong Kong Shanghai Bank, had moved out to reconsolidate its operations in midtown.
Scott Jensen, Executive Vice President of Leasing, added, "Colonie Center has extremely strong anchor tenant