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Asset Management Consultants - shopping mall

Owner Representation – Community Retail Center

A+O Properties, Inc. (Los Angeles)  |  Owner representative and property manager, including leasing responsibilities, for community shopping center in Clovis, California.

 

Real estate consultation included prospective re-positioning and redevelopment of this major power center and community shopping mall, currently by national credit tenants such as Hometown Buffet and Big Lots. Shaw Village Shopping Center is an 80,518 sq. ft. community shopping mall anchored with quality national and local tenants. Shaw Village is situated in Fresno/Clovis, part of California’s fast-growing Central Valley.

 

Work performed while engaged as property manager, leasing, and lease administration manager for this community shopping center.

 

Shaw Village is located at the signalized intersection of W. Shaw Avenue and Peach Avenue. Shaw Avenue is the area’s predominate retail corridor that is home to scores of national, regional, and local merchants and restaurant operators. For Tarzana Plaza Ltd.

 

Asset Management Consultants - shopping mall

Marina Beach Shopping Center

Real Property Management Inc.  / Newfield Enterprises International  |  Master plan and business plan, and ongoing asset management, for conversion of marina holdings in Marina del Rey into an in-region destination resort.

 

Work effort included strategic marketing considerations in formulating “big ideas” for the multi-property resort. Master plan was then processed and approved by the California Coastal Commission. The Marina Beach Shopping Center was part of the portfolio.

 

China - Hong Kong project consultants - mixed-use development consultants

Conceptual Planning – Guangyang Town Center

China Fortune Land Development Co., Ltd.  |  As retail-entertainment consultants, we provided a master land use plan with tenanting mix, potential tenant roster, and district anchoring, for planned town center at Guangyang master-planned new town.  Located near the new regional airport to serve Greater Beijing. Components of the master plan included a destination retail outlet mall, hotels, a retail-entertainment district, and attractions.

 

An overall strategic marketing approach and big idea was the organizing foundation for the concept, that included retail formats, hotels, a resort with indoor water park, attractions and themed entertainment, and other destination activities.

 

Confidential – At client request, the rapid-prototyping image shown here includes limited details only.

 

As project feasibility consultants, StoneCreek Partners provided feasibility analysis for this potential regional mall.

Feasibility & Due Diligence – Spokane Regional Shopping Mall

A regional shopping center was planned for the metro area of Spokane, Washington, by a major West Coast investment property builder. A market study of the Greater Spokane area was prepared, to determine the level of market support that could be expected for a major regional shopping center at a site under study by the client. Consumer expenditures for various categories of retail merchandise was analyzed and compared to the retail space inventory within the project’s primary and secondary market / trades areas.

 

A tenant presence grid was also prepared to determine the level of market penetration of top U.S retailers, particularly in apparel categories.

 

 

Due Diligence for Shopping Center Acquisition

Due Diligence for Shopping Center

Due diligence for shopping center acquisition, the Phillips Edison & Company, Inc. (REIT) acquisition of Lakeside Plaza in Salem, Virginia.

 

StoneCreek Partners provided due diligence consulting in connection with buyer’s shopping center acquisition, including property inspections, Phase 1 environmental reviews, tenant lease confirms, and rent rollover analysis, for this grocery-anchored community shopping center.   Support of the buyer included preparation of tenant lease abstracts, estoppels, SNDA (subordination, non-disturbance and attornment) provisions, and a review of common area charges (CAM) and vendors, among due diligence items.

 

Tenancies at Lakeside Plaza shopping center included a typical roster of anchor and inline retail tenants.   The due diligence for this shopping center acquisition included co-tenancy considerations with regard to an on-site Kroger Fuel Center (a branded c-store gas station) albeit with limited convenience store offerings.

 

Salem is an independent city in Virginia adjacent on the east with the city of Roanoke (Virginia).  The city is located in southwestern Virginia in a scenic setting along the Blue Ridge Mountains  The shopping center is located at 161 Electric Road, Salem, Virginia 24153.

 

Phillips Edison & Company, Inc. (Cincinnati) is an internally-managed real estate investment trust (REIT), one of the largest owners and operators of grocery-anchored shopping centers in the U.S.  The company has purchased and managed more than 300 grocery-anchored shopping centers throughout the U.S.

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