LEASING SERVICES
Being “in-the-know” and recognizing the ebb and flow of new-to-market prospects, expansion and relocation opportunities, and having worked with every major landlord across Oregon, Southwest Washington, and Montana has earned us success in the lease-up of retail centers. Our services include:
Analyzing project feasibility:
Pro-forma development and tenant mix consultation
Developing a clear vision for each property by creating merchandising plans and establishing the highest and best use for each property and every vacancy
Preparing and negotiating LOIs on behalf of landlord clients
Case Study: Redevelopment of Enclosed Mall
In 2004, we led the design, tenant mix consultation, as well as anchor and shop space leasing for the redevelopment of the formerly enclosed Bend River Mall into the 367,829 square foot Power Center now known as Cascade Village Shopping Center with village component anchored by Best Buy, Petsmart, Bed, Bath & Beyond, Trader Joe’s, and Ross Dress for Less.
Since completion of this redevelopment, we have facilitated all new anchor and shop space leases, as well as all renewals at this center in the “Golden Triangle” retail hub at the confluence of Highways 97 and 20 at the northern end of Bend, Oregon, one of the fastest growing midsize cities in the U.S.
Cascade Village Shopping Center, Bend, Oregon
Bridgeport Village, Tigard, Oregon
INVESTMENT SALES & DEVELOPER SERVICES
We have worked with developers and investors both locally and from across the region and around the country, executing land and building sales for both vacant and net-leased properties, assisting in 1031 exchanges, assembling land for future development, and aiding in corporate disposition of excess real estate. Our services include:
Identifying potential assets for acquisition and negotiating purchases and sales
Preparing development pro-formas for land acquisition opportunities
Developing target lists of viable potential tenants for prospective purchases
Case Study: Land Sale for Area’s First Lifestyle Center
What was a 27.82-acre former rock quarry by the side of an interstate in 2005 would become the first lifestyle center in Oregon. After courting several developers and pitching the vision, we facilitated the $170m land sale to CenterCal Properties. We also worked on leasing and brought several first-to-market tenants to the center. The success of Bridgeport Village has prompted the development of an additional 300,000+ SF of retail space to the immediate area.
TENANT REPRESENTATION - LOCAL
IN OREGON, SOUTHWEST WASHINGTON, AND MONTANA
We have developed consistently successful market penetration strategies for national and local retailers of all sizes, allowing them to thrive in the unique areas of our market. Our services include:
Providing competitive analyses of market potential and demand, along with critical data that clearly highlights the benefits of each prospective location
Assembling in-depth demographic studies of local markets and submarkets
Negotiating new leases and renewals, including:
Traditional NNN leases, Build-to-Suits, Ground Leases Land Sale and Developer Facilitation, Net-Leased Investment Sales
Case Study: flagship location for home goods retailer
After flying to Minneapolis just to talk with Room & Board about Portland and tell them just how passionate we are about their brand, we convinced them that we are just as passionate about our work. We toured several of their existing stores and worked with their team to determine the best location for a Portland store. They ultimately opened in the historic Fisk Tire Building in Portland’s Peal District, complete with its original 1920s windows and exposed wood beams.
“The most important aspect in all of our successful retail location searches has been the choice of a local real estate professional. Selecting the right person to represent Room & Board is critical. Natalie Butler checks all the boxes on my list of attributes.”
-Mark Miller, CFO, Room & Board
TENANT REPRESENTATION - MULTI-STATE
SERVICES FOR REGIONAL & NATIONAL TENANTS
We have taken our experience serving as tenant brokers at the local level to the next step - overseeing a network of local brokers in markets across the country to fitting the final pieces of a deal together, making key introductions, and personally serving as tenant representatives across multiple markets.
Case Study: Rollout For National Fitness Chain
We introduced 24 Hour Fitness, currently the second largest health and fitness chain in the U.S., to the region, and rolled out sixteen new locations as part of a Pacific Northwest market penetration plan for the rapidly growing chain. This credit tenant was open to a variety of transaction types. Our services included:
New Leases
Renewals
Relocations
Lease Amendments