Advise an owner on successful strategies to reposition and add value to assets
NEED
An owner of office properties acquired two well-located class B properties. They are older
properties in need of selective capital and leasing to strengthen their positions in the marketplace.
Q2 PROCESS
We are advising and managing a process assisting the owner in repositioning these assets by directing the leasing of vacant space, capitalizing certain assets such as cellular antenna leases and underutilized land, and targeted capital expenditures.
RESULTS
Our continuing efforts over the first year at 899 Skokie Blvd. yielded more than $300,000 in capital recovery, a fully-leased property, capital improvements and increased tenant satisfaction.
