Anchor tenant

A prestigious and often nationally known retailer, usually a large department or chain store, that may be the first or one of the first tenant(s) of a prominent space in a new retail development or redevelopment scheme. Its purpose is to serve as a flagship store that attracts other retailers and customers to a new or existing development.

It is common practice for landlords to offer rent discounts to anchor tenants as an incentive to take a lease.

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