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Focused on "up-cycling" |
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A "full service" company |
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Currently in 9 States |
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Ground up and redevelopment opportunities |
Our Process
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All cash, no financing contingencies. |
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Close within 30 to 45 days |
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Working closely with vendors in dealing with vacant lease
occupancy tenant valuations. |
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Quick and accurate Due Diligence with our experienced in
house leasing, legal construction and acquisition teams. |
What We Like
USPG is pursuing neighborhood and community
shopping centers with, upside vacant or potentially vacant
anchors with value-add potential with the following parameters:
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Type: |
Community to Regional Shopping Centers |
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Size: |
Single assets and portfolios over 50,000 SF |
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Minimum
Price: |
$2.5 million |
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Maximum Price: |
$500 million |
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Deal Structure: |
All cash at closing |
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Geographic Area: |
Midwest, Southeast and Southwest |
What We've Acquired
Originally, US Properties Group acquired a substantial portfolio of
community shopping centers from Glimcher REIT. We have been very active with the value add component of releasing
the vacant anchor space of this and subsequent acquisitions. We have leased over 1.7 million square fee of vacant anchor space in
the last four years. We now have relationships with Best Buy, Bed Bath & Beyond, Ashley's
Furniture, Kohl's, Lowes, PetSmart, Marshalls, TJ Maxx, Hobby Lobby,
and Belk Department Stores. These tenants were non existent in
the acquired properties. Given this ongoing success of our leasing, construction and property
management teams, we are very aggressive in pursuing new value-add
opportunities. Our corporate goal is to double our current
portfolio of over 5 million square feet and $500 million in value. We look forward to seeing you at our booth in Las Vegas and meeting
our team. Our Team
Cindy Hicks - VP of Leasing & Development Southeast; 803.750.7125;
chicks@uspginc.com Donn Davids - VP of Leasing & Development Midwest; 614.472.2901;
ddavids@uspginc.com Gord Wiebe - Managing Director; 403.923.4343;
gweibe@uspginc.com Richard Gerhardt - In House Counsel |
