One of our goals is to help owners of community or regional shopping centers increase their asset value. For example, we boosted occupancy at a 200,000 square foot Jewel/Osco-anchored center in Hickory Hills, Illinois, from 56% to 95% in three years. We achieved this by attracting and retaining the right retail mix for the surrounding community – and increased the center’s value by $4 million.
We also help retailers boost their sales at the centers we manage. One example is an in-depth market analysis we provided for Mikasa, Inc. Our recommendations led to the relocation of an under-performing store. The result was a 10% lease savings and 8% higher sales at the new location.
Our clients experience these kinds of improvements because of the comprehensive approach Draper and Kramer provides.
- Knowledgeable – We know our markets so can make the best recommendations for the types of stores that will succeed in each neighborhood.
- Successful Negotiator – We negotiate
favorable terms for owners and retailers for a win/win scenario.
- Strong Marketer – We use creative marketing strategies, including customized promotions, to increase customer traffic and keep shopping centers healthy.
- Cost-effective Services – Our management services focus on providing the support tenants need while controlling costs to maximize the value for owners.
- Experienced – We have a highly qualified staff, with many years of experience. This means they have dealt with many different types of situations and know what succeeds. In addition, they stay up-to-date on trends through continuing education, and have received CCIM, CPM and CSM certifications.
Learn More
Lawrence A. Cohen
Senior Vice President
Real Estate Management and Leasing Group
312-580-6528
cohenl@draperandkramer.com
To learn more about the properties we manage, click here.
To learn more about the properties we sell and lease, click here.
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