Landlord & Developer
Representation
Maximizing
retail potential
To maximize value, landlords need a trusted advisor who brings domain expertise and a track record of using creativity to make challenging projects successful. BCRE works with local and national shopping center owners and developers to create the right tenant mix for the project for existing or new construction.
Our firm leverages our listing platforms, and our valuable broker to broker knowledge of the market. By examining the trade area to see the void analysis and the current tenants in the area, we come up with a category and merchandising mix that is the right fit for the trade area and the demographics.
Case Studies
Mystic Lake Casino
(US Bank)
DETAILS
SIZE: 79.62 Acres (3,468,247 SF)
PRICE: $1,850,000 ($0.53)
DESCRIPTION: Retail Land
SELLER: US Bank Trust
BUYER: Mdewankanton Sioux Community
ROLE: Exclusively Represented Seller
Costco Land
Honeywell
DETAILS
SIZE: 11.12 Acres (484,387 SF)
PRICE: $4,000,000 ($8.26 SF)
DESCRIPTION: Retail Land Purchase
SELLER: Honeywell
BUYER: Costco
TENANT: Exclusively Represented Seller
Iret Maplewood Square
Rochester, MN
DETAILS
DESCRIPTION: 120,000 SF center that had 60,000 SF vacancy. Reposition Center with new anchor Tenants.
Highland Shopping Center
DETAILS
DESCRIPTION: Reposition both anchor tenants.
US Bank Trust
DETAILS
DESCRIPTION: Dispose of trust assets, 12 years ongoing.
How We Add Value
Features
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Create Right Strategy
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Understand Reuse of the Site
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Critical Lease Clause Knowledge (relocation clauses, etc.)
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Understand City Process
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Logical Prospect Pool
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Trusted Advisor
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Proven Success Track Record
Benefits
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Higher Value/ROI
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Stronger Leasee with Proven Ability
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Higher Value / Lower Cap Rate
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Speed to Market Opening
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Wooing the Right Tenant (Longer Tenancy)
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Client Receives Timely Valued Advice
Our Transaction Process
Sale Process
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Develop Optimum Leasing Strategy: through Client-Broker Brainstorming Session
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Expose to Prospective Categories
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Targeted Calling
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Create Competitive Environment
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Create Various Distribution Channels for Product Exposure
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Comprehensive Phone Follow-Up
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Think Outside the Box
Benefits
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Find Missing Categories
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Identify Active Prospects in Categories
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Identify Credit
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Understand Expansion / Growth for Category
Timeline
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Prepare All Marketing Materials 30 Days
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Intro Letter to Targeted Prospects 30 Days
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Broker Mailing 30-60 Days
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MCPE Broadcast E-Mail 30-60 Days
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Targeted Meetings 30-90 Days
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Timely Updates with Strategy Review 90 Days
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Mailing to Target Market Prospects 30-90 Days
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Ongoing Repeat of Plan Ongoing
