Kroger anchored shopping center.
Following the successful lease of a 2,791 SF space to Bubbakoo’s Burritos;
Edge continues to work with the landlord as vacancies present.
One of the original retail tenants of the outparcel vacated during the coronavirus pandemic. Desired goal was to secure a high-profile tenant with limited parking requirements. Edge performed a void analysis to create prospect list and recognized the need to market the space as divisible in order to maximize interest. Edge secured a deal with Bench Mark Physical Therapy for a portion of the space, with the tenant completing construction.
Eastgate Village Shops
Edge Real Estate Group handled leasing at the center for 10+ years. Edge maximized lease rates and terms while consistently maintaining 90+% occupancy. As ownership considered whether to sell the center, Edge identified and presented it to a local buyer with a 1031 exchange requirement. Edge maximized asset value through its superior leasing strategy, despite challenges in the market. Edge brokered the sale of the center, monetizing the increased value for the ownership group.
Blue Ash Commons
Edge Real Estate Group’s expertise and creativity led to maximized value for the center. Center was fully leased, but an in-line local restaurant tenant had sold the business and was not performing. Desired goal was to secure a stronger-credit, non-restaurant tenant for the space. Edge performed a void analysis and compared with co-tenancy restrictions to create a target prospect list, worked with ownership on facade renovation plans to maximize visibility, user interest and achievable rent to secure a national medical group on a 10 year deal with a corporate guarantee, at a lease rate nearly double the in-place rent.
Multi-tenant building in Eastgate Mall trade area. Created redevelopment plan to divide Pier 1 building into smaller spaces, executed deals with Cricket Wireless, Aspen Dental and Eyemart Express. Edge repositioned the asset by creating more leasable opportunities within existing building. Increase in owner’s invested capital was offset by an increase in net effective rents for new tenants; therefore, creating greater asset value.
184,390 sf Kroger-anchored neighborhood shopping center with numerous second-generation vacancies and several available outparcels. Edge leased center to 100% occupancy and disposed of remaining outparcels.
Cold Spring Crossing
Regional Shopping Center anchored by Kroger, Kohl’s, Home Depot and Staples. With aggressive marketing and leasing efforts Edge was able to replace struggling tenants and fill long term vacancies with better operators. Improved brand recognition and merchandise mix increased cash flow and value without increased risk to landlord’s capital.