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470 Atlantic Avenue | Floor 4 | Boston, MA 02210
There are several ways to add value to a property owner’s existing assets. The obvious and easiest way to achieve this is by re-tenanting. Many shopping centers suffer from either having a tenant roster made of antiquated users or businesses on the verge of bankruptcy. Our value-add leasing capabilities include a review of existing leases, renegotiation of option terms and the targeting of new active retailers in the market. Focusing on an owners tenant mix is always our starting point. Smart retail tenant’s follow other tenants that compliment their product or service line and share a similar customer. Our experience in Tenant-Representation and our understanding of different tenant’s business models has afforded us the ability to be somewhat of a “match-maker” For example, if your center has a successful spa/salon operator, chances are a therapeutic massage studio will also succeed there. If you are building a gas station, chances are a car wash or oil-change facility would succeed next door. In the end, these types of carefully selected co-tenants are mutually beneficial to each other’s businesses and to the property owner.
Investors who own great pieces of land, but have distressed or functionally obsolete building(s) benefit from our collaboration with select industry partners. After putting together a joint plan to renovate an older building or tear down and build new from the ground up, Blake Commercial can provide owners and investors with a complete outlay of costs in short order through the cooperation our colleagues. For more on how we have intentionally aligned with engineers, contractors and more visit our Partners page.
If you are an established real estate owner looking to add to your existing portfolio or an investor looking to make your first real estate investment. Call us to discuss your investment threshold and acquisition criteria. We have experience in acquisitions & investments sales transactions ranging from $500,000 - $43 Million.