Following are examples of our transactions and the unique issues facing each property at the time of purchase.
CORE PROPERTIES: 60-CENter Portfolio
- Sixty shopping centers in 16 states
- 5.5 million square feet
- Secondary and tertiary markets
- Complex financial structure
- Portion of portfolio with environmental issues
- Multiple closings
CORE PROPERTIES: Seven-Center Portfolio
- Seven shopping centers in six southeastern states
- 935,623 square feet
- $47 million transaction
- Low occupancy levels
- Wal-Mart uncertainty
- Upside potential through intensive leasing
- Repositioning/redevelopment of big boxes
CORE PROPERTIES: Pipestone Plaza, Benton Harbor, Michigan
- 175,480 square feet
- 31% occupied
- Majority of vacant space ( 95,000 sf) located in old K-mart box
- 30-day due diligence
- Encroachment and survey issues
STrategic investment fund: bridgewater falls, fairfield township, OHiO
- 635,000-square-foot regional shopping center
- Unique combination of power center and lifestyle village
- Anchored by Target, JCPenney, Best Buy, T.J.Maxx, Bed Bath & Beyond, Dick's, Michaels, PetSmart
- All-cash acquisition
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