A supermarket in a retail shopping centre is generally an anchor tenant in a particular location and perhaps one of a few anchor tenants of a similar type, all seeking to attract customers to the property. A supermarket is, therefore, an important part of retail property performance today. You can and should work closely with…
In a shopping center leasing program you are likely to be working with many smaller tenants, some of whom are likely to be a simple ‘family business’. In saying that you should have some ‘checks and balances’ to fall back on to ensure that you totally understand the value and commitment the smaller tenants can…
Shopping centres are complex property investment models. They require understanding and commitment on the part of the property owner and the property manager. As part of operating a shopping centre there are factors of renovation and presentation to consider and merge into the property business plan and tenant mix strategy. Failure to do so will…
Managing a Shopping Center is a special process. The larger the property, the more complex and detailed the process. Only the best property managers with the required experience should take on the task. Special tools and systems are required for retail property control and tenant optimisation. Consider the average shopping center in any town or…
Anchor tenants provide real benefits to a retail property. The fact of the matter is that the choice of a retail tenant is likely to make or break the overall performance of retail properties. When you own, lease, or manage a shopping centre or large retail property with an anchor tenant, it is imperative that…
Many landlords view a franchise as either a chain store tenant or an independent operator – a perception that can cause problems in franchise lease negotiations. To understand the key issues, start by examining the concept of franchising. Why are Franchises Successful? What is it about this business strategy that has made it so successful?…
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