Thus, if the anchor is free to sublet, it can carve up its space for a number of satellite tenants and make a substantial profit for the balance of the lease term.
This, in turn, attracts satellite tenants, increases their business, and enables the landlord to charge higher rents, resulting in an overall enhancement of the value of the shopping center.
Because the gross sales of satellite tenants will decline, it will become difficult for many of them to pay their rent.
The center's high volume ShopRite coupled with its high credit satellite tenants
including CVS and Chase, among others, will provide stable, long-term cash flow for Acadia.