Davie, Broward County, Florida
Retail Center Investment
Purchase
Landology purchased a new, upscale 50,000 square foot, two story retail/office property in South Florida at substantial discount to face value. Prior to closing, Landology worked with local brokers to substantially improve occupancy at the project and reduce risk of remaining lease up.
Value Created
Re-positioned the asset to represent a compelling income property with strong, stable cash flow and potential value add opportunity via lease up of remaining vacancy.
Liquidation
Re-sold the asset within a brief period following acquisition to a retail developer/investor.