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.