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Colonial Square
175,000 Rentable Square Feet
Colonial Heights, Virginia

This Class A shopping center is anchored by Publix. Other tenants include Peebles, Dollar Tree, H & R Block, Wells Fargo Bank, and Supercuts.

After acquisition, Berman Kappler made significant capital improvements and implemented an aggressive leasing program to achieve 100% occupancy within six months of ownership. Customer traffic increased and anchor tenants reported double-digit increases in sales. Net operating income was further increased by converting and leasing 11,000 square feet of previously unfinished and unoccupied storage space into leased in-line retail space.

VALUE ACHIEVED

  • Increased customer traffic evidenced by double-digit anchor sales increases.
  • Increased occupancy to 100% within the first six months of ownership.
  • Converted and leased 15,000 square feet of unfinished warehouse space.

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BERMAN KAPPLER PROPERTIES, LLC • 8000 TOWERS CRESENT DRIVE • SUITE 1300 • VIENNA, VIRGINIA 22182
TEL: 703-556-3242 • Copyright 2014 Berman Kappler Properties, LLC All Rights Reserved