Anchor tenant

What does Anchor tenant mean in American Law?

The definition of Anchor tenant in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

A shopping center tenant who will attract a large number of shoppers, thereby generating the traffic which will make the center attractive to other lessees. In a small neighborhood center, a reputable supermarket might be the anchor tenant; in large regional centers one or more large department stores may be anchor tenants. Since anchor tenants are absolutely necessary to shopping centers (for one thing, it is almost impossible to get mortgage financing without them), anchor tenants can and do

extract various concessions and favorable terms in their leases with the center developers. In recent years, anchor tenants have even become joint developers.

Concept of Anchor Tenant in the context of Real Property

A short definition of Anchor Tenant: The most reliable, and usually the largest, tenant in a shopping center. The strength of the anchor tenant greatly affects the availability of financing for the shopping center. The term may also be used to describe a tenant in an office building, industrial park, etc.

Concept of Anchor Tenant in the context of Real Property

A short definition of Anchor Tenant: The most reliable, and usually the largest, tenant in a shopping center. The strength of the anchor tenant greatly affects the availability of financing for the shopping center. The term may also be used to describe a tenant in an office building, industrial park, etc.