Walker Mill Center
Sq. Ft. Retail Center
Sq. Ft. Leaseup Program
In partnership with Peak Companies
Purchased by Addison Retail, LLC including Ernest Marcus as co-managing member.
Location
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, including active engagement with tenants to improve joint marketing and 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