sierra-vista-mall

CASE STUDY

Sierra Vista Mall

CLIENT

LNR Partners

SERVICES PROVIDED

Property Management, Leasing, and Property Marketing

ACCOMPLISHMENTS

  • Increased occupancy by 5%
  • Restructured lease with North American Cinema to justify the theatre undertaking a $900,000 renovation of their 16-screen theatre in order to effectively compete against new trade area competition.
  • Increased comp store sales by 2.5% over 12 month period.
  • Re-engineered center marketing programs and increased by 50% the frequency of on-site traffic generating events to better utilize the presence of the center’s lifestyle/open-air component.
  • Increased NOI by 8% over 12 month period through increased leasing activity and reduction in operating costs.
  • Supervised capital improvement program totaling $450,000 involving roof repair/replacements and a complete repair/refurbishment of the parking lot.
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