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Success Stories

Broad Reach Retail’s Success Stories 

Since 2006, the Broad Reach team has many successes acquiring and stabilizing properties before selling them. After securing any grocery-anchored retail acquisition, our goal is to increase net operating income (NOI), occupancy, and price while lowering the capitalization rate. 

Some of our most successful real estate acquisitions to date include:

 

Heritage Square in South Bend, IN

At acquisition:82% occupancy, $1.6 million NOI, price $20 million

At stabilization:94% occupancy, $2.3 million NOI, value $35 million

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Southland Crossings in Youngstown, OH

At acquisition:70% occupancy, $1.4 million NOI, price $17.75 million

At stabilization*:95% occupancy, $2.25 million NOI, value $32.1 million

*2021 projected values based on current LOI’s and executed leases

 

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Liberty Square in Chicago, IL

At acquisition: 82% occupancy, $1.069 million NOI, price $14.075 million

At stabilization: 94% occupancy, $1.237 million NOI, value $17.9 million

 

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Carlisle Commons in Carlisle, PA

At acquisition: 89% occupancy, $2.7 million NOI, price $34 million

At stabilization: 98% occupancy, $3.5 million NOI, value $50 million

 

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Callahan Plaza in Callahan, FL

At acquisition: 75% occupancy, $1.9 million NOI, price $2.3 million

At stabilization: 94% occupancy, $4.2 million NOI, value $5.4 million

 

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We Create Value in Communities

At Broad Reach, we are experts at changing the course of retail shopping centers to add value for all involved. We strive to improve Properties to serve our Partners and the People who live in each community.

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