anchor tenant

anchor tenant definition - business

anchor tenant

A major owner or lessee that increases traffic to a real estate development. Large and well-known department stores such as Dillard's and JCPenney are anchor tenants for many retail shopping malls. Large financial institutions are often anchor tenants in office buildings. Also called prime tenant.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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