From an article from The Motley Fool financial page on the risk of mall anchor tenant closures/bankruptcies:
"Crucially, when anchor tenants like department stores close, a mall's smaller interior tenants can often invoke co-tenancy clauses entitling them to lower rent or even an early termination option. CBL still has more than 130 department stores open across its top four anchor tenants – one of which is bankrupt (J.C. Penney) and one of which has an awful Caa1 credit rating from Moody's (Belk) – so the risk here is substantial."
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