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Anchor tenant

Nordstrom, a former anchor store at The Florida Mall located in Orlando, Florida
Meridian Mall in Dunedin, New Zealand, with the logos of the two anchor tenants (Kmart New Zealand and Arthur Barnett) displayed on the upper walls

In US retail, an "anchor tenant", sometimes called an "anchor store", "draw tenant", or "key tenant", is a considerably larger tenant in a shopping mall, often a department store or retail chain.[1] They are typically located at the ends of malls, sometimes in the middle. With their broad appeal, they are intended to attract a significant cross-section of the shopping public to the center. They are often offered steep discounts on rent in exchange for signing long-term leases in order to provide steady cash flows for the mall owners. Some examples of anchor stores in the United States are: Macy's, Sears, JCPenney, Nordstrom, Neiman Marcus, Saks Fifth Avenue, Dillard's, Kohl's, Walmart, and Target. And in Canada; Hudson's Bay, Sears (formerly), Target (formerly), Zellers (formerly, now in select Bay locations), Nordstrom/Nordstrom Rack (formerly), TJX Companies (HomeSense, Winners, Marshalls), Saks Fifth Avenue, Sporting Life.

  1. ^ "Anchor Tenant". Commercial Real Estate Dictionary. CREpedia. 2021.

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