Case Study

CASE STUDY #2 – RE-TENANTING A VACANT ANCHOR SPACE

Renaud Consulting was engaged to advise the owner of a 77,300 square foot Northern Virginia shopping center after a nationally recognized grocery tenant vacated its 36,100 square foot store leaving the center at 53% occupancy.  Renaud Consulting negotiated a lease termination fee to help defray the upgrade and re-tenanting costs.  Along with design ideas from a regionally recognized architect, Renaud Consulting met on site weekly during the entire construction upgrade process starting with the demolition, then re-demising the space, arranging for separately metered utilities, procuring three (3) new tenants, reviewing tenant construction plans, and providing oversight of their build outs.  The entire process required less than a year.