Verizon Wireless, Redding, CA This property is a pad to a shopping center that includes Michael's, Cost Plus World Market and Best Buy. The site is surrounded by a dense concentration of retail centers within a 1.5 mile radius. This property is located in the heart of Redding's primary retail trade area, one block from Mt. Shasta Mall, the area's premier regional mall that is home to over 80 retail stores and anchored by Macy's. Site / Location: 1094 Hilltop Drive Square Feet: 3,800 Tenant(s): Verizon Wireless Project Type: Build to Suit Year Acquired: 2017 https://www.youtube.com/watch?v=rJ96L9lLFyI Shopping Center, Orlando, FL Millenia Plaza, Orlando, FLProperty TypeRetail, Strip CenterRegionSoutheastStrategyDevelop-to-CoreInvestment StructureJoint VentureAcquired4Q 2015 SquareFootage18,900Number of Tenants6Tenant SectorRestaurants, Furniture, Consumer ElectronicsType of LeaseNetDisposition Price$16,570,000 Investment Summary We acquired this asset through a preferred long-term relationship with Target Stores. The asset was 3.1 acres of vacant outparcels to a Super Target anchored center, known as Millenia Plaza. We constructed 3 buildings on 3 parcels with long-term, corporately backed leases. Located in the 23rd largest U.S. metro, the asset draws from a retail trade area that consists of 1.5 million people with a potential for retail expenditures north of $5 billion. The asset is situated at the gateway to Millenia Plaza benefiting from excellent visibility along Millenia Blvd and has a signalized entrance to the larger center. The asset is near the Mall at Millenia, the #1 mall in the state of Florida and top-ten in the US (anchored by Neiman Marcus, Bloomingdale’s, and Macy’s, including... Palatine Plaza, Chicago, IL Palatine Plaza, Chicago, IL Property Type Retail, Strip Center Region Midwest Strategy Develop-to-Core Investment Structure Joint Venture Acquired 2Q 2016 Square Footage 12,700 Number of Tenants 3 Tenant Sector Restaurants, Consumer Electronics, Furniture Type of Lease Net Disposition Price $8,100,000 https://www.youtube.com/watch?v=mjn2nP8nIlQ Investment Summary We acquired this asset off-market by touring and analyzing the market, then proactively contacting the owner. The asset was 1.5 acres of vacant land on the intersection of the market’s two preeminent thoroughfares with outstanding visibility. We subdivided the parcel to construct 3 buildings on 3 parcels with long-term, corporately backed leases. Located in the 3rd largest U.S. metro, this affluent submarket is approximately 30 miles from Chicago’s CBD and characterized by a diversified economy and deep labor pool. The asset is situated in the middle of 850,000 square feet of retail space that is anchored by Walmart, Target, TJ Maxx, HomeGoods, Petco, Aldi, Hobby Lobby and...
Verizon Wireless, Redding, CA This property is a pad to a shopping center that includes Michael's, Cost Plus World Market and Best Buy. The site is surrounded by a dense concentration of retail centers within a 1.5 mile radius. This property is located in the heart of Redding's primary retail trade area, one block from Mt. Shasta Mall, the area's premier regional mall that is home to over 80 retail stores and anchored by Macy's. Site / Location: 1094 Hilltop Drive Square Feet: 3,800 Tenant(s): Verizon Wireless Project Type: Build to Suit Year Acquired: 2017 https://www.youtube.com/watch?v=rJ96L9lLFyI
Shopping Center, Orlando, FL Millenia Plaza, Orlando, FLProperty TypeRetail, Strip CenterRegionSoutheastStrategyDevelop-to-CoreInvestment StructureJoint VentureAcquired4Q 2015 SquareFootage18,900Number of Tenants6Tenant SectorRestaurants, Furniture, Consumer ElectronicsType of LeaseNetDisposition Price$16,570,000 Investment Summary We acquired this asset through a preferred long-term relationship with Target Stores. The asset was 3.1 acres of vacant outparcels to a Super Target anchored center, known as Millenia Plaza. We constructed 3 buildings on 3 parcels with long-term, corporately backed leases. Located in the 23rd largest U.S. metro, the asset draws from a retail trade area that consists of 1.5 million people with a potential for retail expenditures north of $5 billion. The asset is situated at the gateway to Millenia Plaza benefiting from excellent visibility along Millenia Blvd and has a signalized entrance to the larger center. The asset is near the Mall at Millenia, the #1 mall in the state of Florida and top-ten in the US (anchored by Neiman Marcus, Bloomingdale’s, and Macy’s, including...
Palatine Plaza, Chicago, IL Palatine Plaza, Chicago, IL Property Type Retail, Strip Center Region Midwest Strategy Develop-to-Core Investment Structure Joint Venture Acquired 2Q 2016 Square Footage 12,700 Number of Tenants 3 Tenant Sector Restaurants, Consumer Electronics, Furniture Type of Lease Net Disposition Price $8,100,000 https://www.youtube.com/watch?v=mjn2nP8nIlQ Investment Summary We acquired this asset off-market by touring and analyzing the market, then proactively contacting the owner. The asset was 1.5 acres of vacant land on the intersection of the market’s two preeminent thoroughfares with outstanding visibility. We subdivided the parcel to construct 3 buildings on 3 parcels with long-term, corporately backed leases. Located in the 3rd largest U.S. metro, this affluent submarket is approximately 30 miles from Chicago’s CBD and characterized by a diversified economy and deep labor pool. The asset is situated in the middle of 850,000 square feet of retail space that is anchored by Walmart, Target, TJ Maxx, HomeGoods, Petco, Aldi, Hobby Lobby and...
