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Asset Management Consultants - shopping mall

Tri-City Shopping Center – Owner’s Rep

A+O Properties, Inc. (Los Angeles)  |  Owner representative, tenant leasing rep, and property manager for community shopping center in Redlands, California.  Work included owner representation to other investor groups and anchor tenants involved with center ownership.  Self-administered property inspection services and tenant lease audit matters.

 

StoneCreek’s work included the preparation of redevelopment plans for this major Inland Empire region property, a plan that envisioned a mixed-use district dubbed, “Redlands Marketplace.”  Shown below, the facility’s owner’s at the time reviewing redevelopment plans.  A unique feature of the great value for the property is the more than 1-mile of north-facing interstate highway frontage bordering the northern boundary of the Tri-City shopping center property.  Interstate 10 is one of the primary routes to and from Southern California mountain and desert recreation areas, ski areas, Palm Springs, and the like.

 

 

 

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.

 

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.

Feasibility and Due Diligence Consultants - Transaction Consultants and Negotiators

Hyatt Regency Hotel Portfolio

Al Anwae Trading Est. (Riyadh)  |   Due diligence consultants’ work as part of our global real estate consulting practice.   The engagement involved a portfolio of existing Hyatt Regency hotels operating in Saudi Arabia, for potential portfolio acquisition by client. The due diligence report included an evaluation of competitive hotels, management contract review, and an analysis of each facility’s sales and operating history. One of the hotels (shown in accompanying photo) has since been re-branded as a Radisson Blu).

 

Departmental staffing and profitability and 10-year EBITDA projections were also prepared, as part of the work.