regional shopping center
In common language, a large shopping center that draws customers from outside the part of town where it is located.According to the International Council of Shopping Centers, it is one with general merchandise including a high percentage of fashion stores, with 400,000 to 800,000 square feet of space sitting on 40 to 100 acres and two or more anchor tenants taking up 50 to 70 percent of the available space. The typical market area is a radius of 5 to 15 miles, or approximately 80 to 700 square miles.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.