credit tenant

credit tenant

A national or large regional tenant with excellent credit.Although local tenants may also have excellent credit,oftentimes better than their national counterparts,only the larger companies are called credit tenants.A lender will offer more attractive financing terms for a development with a certain amount of space preleased or currently leased to credit tenants.

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Credit tenant AT&T will anchor the Ward Avenue corner of 1553 Westchester Avenue with a 2,500 s/f store.
closed on its second credit tenant lease ("CTL") investment with the acquisition of a 100% fee interest in 200 Franklin Square Drive, Somerset County, NJ.
closed on its second credit tenant lease investment with the acquisition of a 100% fee interest in 200 Franklin Square Drive, located in Somerset County, New Jersey.