An ancillary tenant is a smaller, often specialty tenant within a shopping center, which contributes to the diversity and convenience of services available but does not generate as much foot traffic as an anchor tenant.
A Big Box Retailer is a physically large store typically part of a chain, occupying a substantial area (25,000–200,000 square feet) on a single floor, selling either general merchandise or specialty products. They operate both nationally and internationally and are prevalent in Power Centers.
The International Council of Shopping Centers (ICSC) is a prominent nonprofit association that supports the shopping center industry through a variety of resources, publications, and events focusing on financial, leasing, and legal matters.
Junior anchors are stores in a community or regional shopping center that are smaller than the anchor tenant, yet larger than the inline stores. They typically range from 15,000 to 40,000 square feet.
A Power Center is a type of shopping center that primarily features a small number of large tenants, typically anchor or junior anchor tenants. These tenants often serve as 'category killers' in their respective markets, dominating the retail segment they represent.
A regional shopping center is a type of retail development designed to service a larger geographic area, offering a wide variety of goods and services through numerous tenants, including at least one major department store as an anchor tenant.
A reverse radius clause in a shopping center tenant’s lease prevents the shopping center owner from buying or developing a competing mall nearby, ensuring exclusive market access for the tenant.
