Types of Centers

Neighborhood Center - A retail center designed to provide convenience shopping for the day-to-day needs of consumers in the immediate neighborhood. Neighborhood centers are typically anchored by a grocery store or a drug store that is supported by stores offering local food, retail, and personal services. Typically, they are strip centers with no enclosed walkways but use a façade treatment to provide shade, protection from inclement weather, and/or tie the center together. On average a Barclay Group neighborhood center is between 40,000 and 175,000 square feet.

Power Center - A retail center that is typically dominated by several large anchors including: department stores, discount stores, warehouse clubs, and home improvement. Barclay Group Power Centers are 300,000 to over 1 million square feet including: 1-3 major anchors, multiple junior anchors, minors, pads, and a minimal amount of small specialty shops.

Center Components

Shop - Tenants in a center that are primarily for neighborhood convenience. They have many categories of use and typically are less than 7,000 square feet.

Minor - A Minor tenant is smaller than a Junior Anchor, but larger and less specialized than a Shop tenant. A Barclay Group Minor is typically more than 7,000 but less than 20,000 square feet.

Junior Anchor - Junior Anchors are smaller version of Anchors, but with multiple usage categories such as discount clothing, sports, electronics, home décor, linens, furniture, pet supply, office supply, etc. Typically Junior Anchors are less than 40,000 square feet.

Anchor - Anchors are the largest names in a center and serve to generate traffic and attention for the development. Anchors are typically the first tenants in a center and by their association a desire to be located within the center for other tenants. Anchors are more than 50,000 to over 200,000 square feet.

Pad - Pads are the portions of a shopping center's site that constitute the perimeter areas and may be used or developed for shop space or a single tenant. Pads are often developed to provide banking, fuel, and/or eating services as a compliment to the main center's existing tenant mix.

Out Parcel - See Pad.

**When possible, these definitions have been derived from the International Council of Shopping Centers.