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TUSCANY SQUARE
The Property
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Purchased for $19,300,000 in November of 2016.
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72,000 square foot shopping center, including a Walgreen’s on a long-term lease.
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Negotiated a complex off-market transaction.
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74% leased at purchase, including a vacant anchor box.
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The Results
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In less than 2 years, signed leases to bring the occupancy to over 95%,
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Increasing the NOI by 28%
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Executing a parcelization strategy to sell the Walgreen’s
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Stabilizing remaining asset to a 10% capitalization on costs
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