Our client is an experienced restauranteur with the capacity and ability to invest. He originally approached us with a need to lease space or find a build-to-suit opportunity to launch a new restaurant concept. We listened closely to understand his needs and capabilities. We developed and discussed different strategies then identified opportunities in the market. The client settled with a strategy to develop a multi-tenant anchored retail and entertainment center. To diversify the risk, he developed a building concept that could easily be repurposed in the event that a change of use would be required.
We located a site, created the financial model, assisted in identifying the financial resources required, then created a leasing strategy. The building was fully leased at issuance of the certificate of occupancy with a solid, long-term tenant mix and stabilized operating statement that exceeded proforma by more than twenty percent. The asset has been professionally managed from inception to disposition by Cushman & Wakefield | Commercial Property Southwest Florida.