An anchor tenant plays a pivotal role in the context of real estate development, specifically within shopping centers and office buildings. It usually refers to a prominent, well-known business that leases a significant portion of the property, thereby attracting other tenants and customers.
A prime tenant in a shopping center or office building is the lessee who occupies the most space. Prime tenants are typically credit-worthy and attract significant traffic to the venue.
A shopping center is a collection of retail stores organized around a common parking area and often featuring key large stores, such as department stores, discount stores, or food stores. This term can also include enclosed malls or walkways.
