TYPES OF SHOPPING CENTERS (1) CONCEPTS TYPICAL ANCHORAGE
Super Regional Shopping centers of over 80,000 m2 of GLA, containing anchor stores, specialty stores primarily oriented to fashion, cinemas, gaming, restaurant, offices and hotel. Departmental (3 or more)
Hypermarket Home Improvement
Medical Building
Educational Building
Gaming
Movie Theaters
Regional Large shopping centers of between 40,000-80,000 m2 of GLA, impacting multiple geographies, with anchor stores, specialty stores oriented primarily to fashion, cinemas, gaming and restaurant. Departmental (2 or more)
Hypermarket
Home Improvement
Medical Building
Gaming
Movie Theaters
Local or neighborhood center Shopping centers between 10,000-40,000 m2 of GLA, with areas of influence over nearby communities, and offers a variety of offerings including anchor stores, specialty stores oriented mainly to fashion, cinemas and/or games. Department stores (1 or more)
Hypermarket
Home Improvement
Medical Building
Gaming
Movie Theaters
Power Centers Shopping centers of between 10,000-40,000 m2 of GLA, whose offer is concentrated in its anchor stores (no more than two) and a reduced number of commercial and/or service premises. Hypermarket
Home Improvement
Strip Centers Shopping centers with GLA of up to 10,000 m2, which include 1 or more anchor stores of up to 5,000 m2, plus a reduced number of commercial premises and/or services. Supermarket
Pharmacies
Lifestyle Centers A set of exclusive stores oriented to high-end consumers, in an open-air environment with restaurants and entertainment.
Factory Outlet Malls with branded discount stores.

Based on the classification determined by the International Council of Shopping Centers (ICSC) and criteria used internally by Mallplaza.

Other industry terms:

Anchor Store: Establishment capable of attracting customers to a mall; usually one of the largest stores within the mall. It may be a department store or other large department store.

Mixed-Use Center: A mixed-use property consists of a development that combines more than one use in a building or set of buildings, mixing uses such as residential, commercial, educational, hotel or other.

GLA (“Gross Leaseable Area”): Total leasable area of a shopping center.

NOI (“Net Operating Income”: Financial indicator to measure the direct net income from the operation of a shopping center. It is represented by all of the property's annual income, minus its operating expenses, which generally include maintenance, property taxes and insurance.

Cape Rate: Financial indicator used to evaluate the performance or profitability of a real estate project. It is calculated according to the following formula: Cap Rate = NOI / Value of the property.