A national tenant approached our brokerage team seeking a new store location within a targeted metropolitan corridor. After evaluating available inventory, we identified a well-located building that met the tenant’s visibility, access, and demographic requirements.
However, the property was part of a two-building configuration connected by a demising wall, and ownership was unwilling to sell or subdivide only one portion. Acquiring the desired space required purchasing both buildings.
Rather than abandon the opportunity, our team evaluated the broader asset potential. We underwrote the full acquisition and developed a strategy for the adjacent space to ensure the transaction remained economically sound.
Key actions included:
By treating the constraint as an opportunity, we converted a partial-asset challenge into a full-building repositioning strategy.
The transaction resulted in:
What began as a single-tenant request ultimately became a strategic acquisition and value creation opportunity — demonstrating disciplined underwriting, creative problem-solving, and execution certainty.
Always looking for additional value, we are strategically redeveloping to include:
Contact our Brokerage Team today to learn more about this unique development opportunity.