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.
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.