Assignment Type: Commercial Management, Leasing, Construction & Design
Challenge: Outdated, 44% occupied retail center with vacant anchor tenant resulting in co-tendency failures for remaining anchors and national retailers
Results: Now 97% occupied, co-tendency issues were solved, and Friedman increased the overall value of the shopping center.
Solutions: Friedman’s Management team repainted the buildings, installed a new monument sign, completed asphalt repairs, seal-coated, stripped and resealed the parking lot, replaced sections of the room and started a new flag pole project. Friedman’s Construction & Design team divided the former Walmart space into two suites, where Friedman’s Leasing team leased the spaces to Hobby Lobby and Cal Ranch. Friedman’s Leasing team also renewed and extended the leases of Marshall’s, Ross, Dollar Tree and other small shop tenants.