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willow oaks
220,000 Rentable Square Feet
Hampton, Virginia

Acquired from United Dominion Realty Trust, this community center and is anchored by Farm Fresh, Rite Aid, West Telemarketing, Peebles Department Store, McDonalds, Bank of America, Suntrust and Burger King. Additionally, the center has 25 in-line tenants.

Willow Oaks, 220000 Square Feet, Hampton VA orange horizontal rule Acquired from United Dominion Realty Trust, this community center and is anchored by Farm Fresh, Rite Aid, West Telemarketing, Peebles Department Store, McDonalds, Bank of America, Suntrust and Burger King. Additionally, the center has 25 in-line tenants. The center had been dominant in the Hampton market but tenant sales had slipped in previous years. Upon acquisition Berman Kappler implemented a re-positioning strategy for the property that enhanced the level of in-line credit tenants and created several new pads within the center.

VALUE ACHIEVED

  • Repositioned the center to increase customer traffic and store sales.
  • Enhanced the level of in-line credit tenants.
  • Re-engineered the existing parking ratio to accommodate two additional pad sites, one of which was leased to McDonald’s on a long-term basis.

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BERMAN KAPPLER PROPERTIES, LLC • 8000 TOWERS CRESENT DRIVE • SUITE 1300 • VIENNA, VIRGINIA 22182
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