Super Regional Center Shopping Center

Definition

A Super Regional Center Shopping Center is a type of shopping complex larger than a typical regional mall, designed to serve a wide geographical area with a diverse mix of retailers, dining options, and entertainment venues. These centers often feature several full-line department stores, offer extensive amenities, and boast a high level of customer drawing power.

Characteristics and Examples

Gross Leasable Area (GLA): Super Regional Centers typically range from 500,000 to 1.5 million square feet.
Anchor Tenants: At least three full-line department stores.
Tenant Mix: A combination of specialty stores, large anchor stores, entertainment venues (such as multiplex cinemas or amusement parks), and food courts or high-end dining options.
Customer Base: Draws customers from a broad geographic range, often up to a 40-mile radius.
Accessibility: Located near major highways or within areas with strong public transportation links to facilitate access for a large volume of shoppers.

Examples

Mall of America (Minnesota, USA): Features over 2.8 million square feet of retail space, numerous anchor stores, and a wide range of entertainment options like amusement parks and aquariums.
King of Prussia Mall (Pennsylvania, USA): Boasts approximately 2.9 million square feet of retail space, seven anchor stores, and over 450 specialty shops.
Westfield London (London, UK): Offers 2.6 million square feet of retail, dining, and entertainment space, including various luxury retailers and extensive dining options.

Frequently Asked Questions

What differentiates a Super Regional Center from a Regional Mall?

Super Regional Centers are distinguished by their larger size and broader range of retailers, dining, and entertainment. They often attract customers from extensive areas beyond the reach of traditional regional malls.

Why are anchor stores important for Super Regional Centers?

Anchor stores are essential because they draw significant foot traffic, benefit smaller retailers, and enhance the overall shopping experience.

What types of businesses benefit from being located in a Super Regional Center?

Both high-end and specialty retailers benefit from high foot traffic, diverse customer base, and strong revenue potential.

Regional Mall: A shopping destination with 400,000 to 800,000 square feet of gross leasable area, typically offering one or two full-line department stores.
Anchor Store: A major retail store, such as a department store, that serves as the primary draw for shopping centers.
Gross Leasable Area (GLA): The amount of floor space in a commercial property that can be leased to tenants.
Outlet Center: A shopping center dedicated to outlet stores of major brands, often located in less densely populated areas.

Online Resources

International Council of Shopping Centers (ICSC) - Provides resources and research on shopping centers globally.
National Retail Federation (NRF) - Offers research and trends in retail, including shopping centers.
Urban Land Institute (ULI) - Features insights and publications on commercial real estate and retail developments.

References

“Shopping Center Development Handbook” by John L. Ratcliffe.
“Principles of Retail Real Estate Development” by Charles Hill.

Suggested Books for Further Studies

“Retail Development” by Anita Kramer.
“Retail Revolution: Will Your Brick-and-Mortar Store Survive?” by Marsha Collier.
“Getting Started in Commercial Real Estate” by Peter Conti and Peter Harris.

Super Regional Center Shopping Center Fundamentals Quiz

### What is the typical range of gross leasable area (GLA) for a Super Regional Center? - [x] 500,000 to 1.5 million square feet - [ ] 100,000 to 300,000 square feet - [ ] 400,000 to 800,000 square feet - [ ] 1 million to 3 million square feet > **Explanation:** Super Regional Centers typically have between 500,000 to 1.5 million square feet of GLA, making them larger than regional malls. ### How many full-line department stores does a Super Regional Center generally feature? - [x] At least three - [ ] One - [ ] Two - [ ] Four > **Explanation:** Super Regional Centers generally have at least three full-line department stores, which serve as key anchor tenants. ### What primary feature distinguishes a Super Regional Center from a Regional Mall? - [ ] Lower rental rates - [x] Larger size and broader range of retailers and services - [ ] Smaller customer base - [ ] Exclusive luxury brands > **Explanation:** The distinguishing feature is the larger size and broader range of retailers, dining, and entertainment options. ### From what radius do Super Regional Centers typically draw customers? - [x] Up to a 40-mile radius - [ ] Up to a 10-mile radius - [ ] Up to a 20-mile radius - [ ] Up to a 60-mile radius > **Explanation:** Super Regional Centers usually draw customers from a radius of up to 40 miles due to their extensive retail options and amenities. ### What term describes the rentable floor space in a shopping center? - [ ] Anchor space - [ ] Retail footage - [x] Gross Leasable Area - [ ] Tenant area > **Explanation:** Gross Leasable Area (GLA) is the term used to describe the rentable floor space within a shopping center. ### Why are anchor stores important to Super Regional Centers? - [x] They draw significant foot traffic. - [ ] They occupy less space. - [ ] They set trends in shopping. - [ ] They require fewer parking spaces. > **Explanation:** Anchor stores are crucial as they attract substantial foot traffic, benefiting smaller retailers and enhancing the shopping experience. ### What type of shopper base does a Super Regional Center target? - [x] Broader geographic range of customers - [ ] Local neighborhood shoppers - [ ] Business travelers only - [ ] Exclusive high-income shoppers > **Explanation:** Super Regional Centers target a broader geographic range of customers, often drawing from areas up to 40 miles away. ### What types of businesses commonly benefit from a location in a Super Regional Center? - [ ] Only luxury brands - [x] Both high-end and specialty retailers - [ ] Only grocery stores - [ ] Solely entertainment venues > **Explanation:** Both high-end and specialty retailers benefit from the high foot traffic and diverse customer base in Super Regional Centers. ### Which online resource provides extensive research and resources on shopping centers globally? - [ ] National Retail Federation (NRF) - [x] International Council of Shopping Centers (ICSC) - [ ] Urban Land Institute (ULI) - [ ] Society of Certified Shopping Center Managers (SCSM) > **Explanation:** The International Council of Shopping Centers (ICSC) offers extensive research and resources on shopping centers worldwide. ### Which book provides a comprehensive guide to shopping center development? - [x] "Shopping Center Development Handbook" by John L. Ratcliffe - [ ] "Retail Development" by Anita Kramer - [ ] "Getting Started in Commercial Real Estate" by Peter Conti and Peter Harris - [ ] "Retail Revolution: Will Your Brick-and-Mortar Store Survive?" by Marsha Collier > **Explanation:** "Shopping Center Development Handbook" by John L. Ratcliffe provides a comprehensive guide to shopping center development.