The Anchor Tenant is the first major tenant (10 – 30% or more of project rentable area) to sign a legally binding commitment to a property. The Anchor Tenant serves as a sign to the market (and project stakeholders) that the project is accepted by the target audience represented by the Anchor Tenant, and is on the way to being successful. The Anchor Tenant thus establishes the profile of tenants expected to occupy the project. The profile can be in terms of industry, such as IT, professional services or pharmaceuticals, and/or in terms of reputation, for example a Fortune 500 company. For a shopping center, the primary Anchor Tenant is the food products store (hyper or supermarket).