shadow anchor

shadow anchor

Understood with reference to an anchor store, which is a retail store that generates a great deal of traffic and attracts business to the shopping center in which it is located. A nearby shopping center would say it is shadow anchored by the same store—the anchor is nearby,but not part of the same center.

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Woodland Plaza, built in 1981, is a multi-tenant retail center with Dollar Tree as a shadow anchor.
The property also benefits from a strong lineup of shadow anchor tenants including Sam's Club, Home Depot and Aldi.
The property is 84,000 s/f, on a long-term net lease to Dicks Sporting Goods and is a shadow anchor outside of the SouthPark Mall in Charlotte, North Carolina.
Wheeler, Chairman and Chief Executive Officer, stated, "Surrey Plaza makes a great addition to our portfolio, as it is 100% leased, grocery-anchored, includes vacant outparcels that may provide value add opportunities, and includes a large shadow anchor (Ace Hardware) that has historically helped to drive traffic to this particular submarket.
A Sam's Club is scheduled to be built at the center in 2013, adding an additional shadow anchor.
The shopping center, which has several small chain and mom-and-pop tenants, also has several national shadow anchor tenants such as Publix, Walgreens, and McDonalds.
Maxx, Bed Bath & Beyond, PetSmart and Old Navy, with Target drawing traffic as a shadow anchor.
The shadow anchors are Macy's, JC Penney's, Dillard's, and Sears.
The center is anchored by Petco and Big 5 Sporting Goods, with shadow anchors including Target and Raley's.
These properties, four of which are located in Louisiana and one in Massachusetts, are 93% occupied and anchored by Marshalls, Ross Dress for Less, Bed Bath & Beyond, OfficeMax, Michaels with Target, Albertsons and Kroger as shadow anchors.
Completed in two phases in 2005 and 2007, the 95-percent-leased Turtle Creek Crossing is home to Ashley Furniture HomeStore, Books-A-Million, Dollar Tree, Old Navy, PetSmart, Ross Dress for Less, Bed Bath & Beyond, Davids Bridal and Rue 21 along with shadow anchors Target, Kohls and Academy Sports + Outdoors.
With many national tenants and shadow anchors Target and Lowe s, Rutherford Crossing presented an excellent opportunity for a buyer seeking above-average market yields in the D.