Feature

Thinking Outside the Box for Anchor RETAILER Closings:

Is There Anything in the Box Anymore?

By Thomas B. Cahill, Jared E. Oakes, and Cristina Hendrick Stroh
Toys-R-Us store closing.

Toys-R-Us store closing.

(credit: iStockphoto.com)

When one door closes, another opens; but we often look so long and so regretfully upon the closed door that we do not see the one which has opened for us.

- Alexander Graham Bell

The Door That Closes: The Impacts of Losing an Anchor Tenant

The problem: anchor retailers are closing in ever-increasing numbers. Anchor boxes are being redeveloped for many new uses. Consider what happens when a shopping center owner (the developer) gets the news that an anchor retailer is closing its store at a shopping center. There can be numerous direct and indirect impacts on the property.

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