Walker Mill Center
Retail

Factual Information: 40,000 sq.ft.; 3,000 sq.ft. fast food pad, purchased by Addison Retail, LLC including MAG and the Peak Companies as co-managing members. Located at 1460 Addison Road South, Capitol Heights, MD.

  • Acquisition and stabilization of property, 50% vacant at acquisition
  • Turnaround retail project with extensive bad debt, vacancies, crime, poor tenant mix
  • Active engagement with tenants to improve joint marketing
  • Extensive negotiation with tenants who were delinquent to relocate or negotiate new terms.
  • Re-tenanting effort including installation of national tenants and medical clinic. Case-by-case strategies ongoing to optimize center’s operations.
  • Intensive management of physical plant to improve appearance
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