Glossary entry

English term or phrase:

Anchor Type

Serbian translation:

veliki najmoprimci

Added to glossary by Bogdan Petrovic
Mar 17, 2017 17:18
7 yrs ago
3 viewers *
English term

Anchor Type

English to Serbian Law/Patents Business/Commerce (general) Lease agreement
The Commercial Center consists of: Anchor Type Commercial Spaces represented by: hypermarket and other commercial spaces with an individual area larger than 600 sqm gross leasable area - in case of tenants members of the same group (hereinafter referred to as the "Anchor Type Commercial Spaces"), as well as of a gallery with all the other commercial spaces except for Anchor Tenants (hereinafter referred to as the "shopping gallery), common areas and parts.
Proposed translations (Serbian)
3 veliki najmoprimci

Proposed translations

19 hrs
Selected

veliki najmoprimci

Kako u srpskom ne postoji takav termin, predlažem termin "veliki najmoprimac/najmoprimac velikog prostora", iz kojeg se vidi da se radi o poslovnom subjektu koji unajmljuje prostor velike površine poput supermarketa, za razliku od sitnih prostora poput malih butika i slično.
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4 KudoZ points awarded for this answer. Comment: "Hvala!"

Reference comments

4 hrs
Reference:

Types of commercial property

Commercial real estate is commonly divided into six categories:

Office Buildings – This category includes single-tenant properties, small professional office buildings, downtown skyscrapers, and everything in between.

Industrial – This category ranges from smaller properties, often called "Flex" or "R&D" properties, to larger office service or office warehouse properties to the very large "big box" industrial properties. An important, defining characteristic of industrial space is Clear Height. Clear height is the actual height, to the bottom of the steel girders in the interior of the building. This might be 14–16 feet for smaller properties, and 40+ feet for larger properties. We also consider the type and number of docks that the property has. These can be Grade Level, where the parking lot and the warehouse floor are on the same level, to semi-dock height at 24 inches, which is the height of a pickup truck or delivery truck, or a full-dock at 48 inches which is semi-truck height. Some buildings may even have a rail spur for train cars to load and unload.

Retail/Restaurant – This category includes pad sites on highway frontages, single tenant retail buildings, small neighborhood shopping centers, larger centers with grocery store anchor tenants, "power centers" with large anchor stores such as Best Buy, PetSmart, OfficeMax, and so on even regional and outlet malls.

Multifamily – This category includes apartment complexes or high-rise apartment buildings. Generally, anything larger than a fourplex is considered commercial real estate.

Land – This category includes investment properties on undeveloped, raw, rural land in the path of future development. Or, infill land with an urban area, pad sites, and more.

Miscellaneous – This catch all category would include any other nonresidential properties such as hotel, hospitality, medical, and self-storage developments, as well as many more.

https://en.wikipedia.org/wiki/Commercial_property


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Note added at 21 hrs (2017-03-18 14:26:05 GMT)
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Commercial Leasing Definitions - Anchor Tenant
Posted by Justin Lee

Anchor Tenant typically refers to a large store in a retail shopping center (usually a department store or major retail outfit like HEB or Walmart) which the landlord has strategically rented space to in order to draw in large crowds and funnel them into other stores within the center. Name recognition and prestige of these large users are the appealing factors that will drive in other tenants and shoppers. Because of the value that an anchor tenant can provide the landlord as far as appeal to other smaller tenants and heavy traffic draw, discounted rental rates can often be given to these large users. It's not uncommon for an anchor tenant to reserve the right to approve the selection of a center's other tenants in order to prevent competing (and much smaller) tenants from taking away customers. That's how much value a well-respected anchor tenant, like an Apple store can bring!

In many Retail Power Centers, there are multiple anchor tenants strategically located far apart from one another, in order to drive shopper traffic to the smaller stores in between the anchor tenants. So, in a Houston retail space power center you might see an HEB and a Best Buy located on opposite sides with tenants like nail salons, small restaurants, dry cleaners, and hobby stores scattered in between. Industry standard is for the anchor tenant(s) to take up around 45-70% of the shopping center's square footage.

From a retail landlord's perspective, lease agreements with anchor tenants may be required in order for a bank to finance the construction and development of a mall or shopping center.

https://www.squarefoot.com/blog/posts/commercial-leasing-def...

Anchor store
From Wikipedia, the free encyclopedia

In retail, an anchor store, draw tenant, anchor tenant, or key tenant is one of the larger stores in a shopping mall, usually a department store or a major retail chain.
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When the planned shopping mall format was developed by Victor Gruen in the early to mid-1950s, signing larger department stores was necessary for the financial stability of the projects, and to draw retail traffic that would result in visits to the smaller stores in the mall as well.
https://en.wikipedia.org/wiki/Anchor_store


draw tenant or key tenant = that's the idea!
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