aec Sun Hung Kai Properties (SHKP) | Revitalization tactics for this regional mall, the largest shopping mall in Tai Po, New Territories, Hong Kong. The five-zone, 598,000 SF facility, is owned by Sun Hung Kai Properties.
The mall is located within Tai Po New Town, a town intended to be expanded from and included Tai Po Market, Tai Po Old Market, and Tai Wo Market. Back in the 1990’s, extensive land reclamation work occurred in Tolo Harbour to create land for the new town.
Due diligence for shopping center acquisition, the Phillips Edison & Company, Inc. (REIT) acquisition of Lakeside Plaza in Salem, Virginia.
StoneCreek Partners provided due diligence consulting in connection with buyer’s shopping center acquisition, including property inspections, Phase 1 environmental reviews, tenant lease confirms, and rent rollover analysis, for this grocery-anchored community shopping center. Support of the buyer included preparation of tenant lease abstracts, estoppels, SNDA (subordination, non-disturbance and attornment) provisions, and a review of common area charges (CAM) and vendors, among due diligence items.
Tenancies at Lakeside Plaza shopping center included a typical roster of anchor and inline retail tenants. The due diligence for this shopping center acquisition included co-tenancy considerations with regard to an on-site Kroger Fuel Center (a branded c-store gas station) albeit with limited convenience store offerings.
Salem is an independent city in Virginia adjacent on the east with the city of Roanoke (Virginia). The city is located in southwestern Virginia in a scenic setting along the Blue Ridge Mountains The shopping center is located at 161 Electric Road, Salem, Virginia 24153.
Phillips Edison & Company, Inc. (Cincinnati) is an internally-managed real estate investment trust (REIT), one of the largest owners and operators of grocery-anchored shopping centers in the U.S. The company has purchased and managed more than 300 grocery-anchored shopping centers throughout the U.S.
Kamehameha Schools (Hawaii) | Confidential asset management “peer review” assignment for Kamehameha Schools (Hawaii). KS is responsible for the stewardship of over 365,000 acres of land on Hawai‘i island, Maui, Moloka‘i, O‘ahu and Kaua‘i, holdings that constitute Hawaii’s largest private landowner. KS is a private charitable educational trust endowed by the will of Hawaiian princess Bernice Pauahi Bishop, the great-granddaughter and last direct descendant of King Kamehameha I.