Coralwood Shopping Center

Cape Coral, Florida

Case Study

Coralwood Shopping Center

Acquired this asset in December 2021 at an occupancy rate of 87%. Within a six-month timeframe, secured the approvals and executed an exterior renovation plan in order to improve the aesthetic appearance of the center, which included:

  • Renovations

    • The cleaning of all building facades and upgrading all building awnings throughout the property
    • The upgrading of landscape features adding new signature palms, all new ground-cover, etc.
    • The resealing and restriping of the parking lot
  • ROI

    • Implemented an aggressive lease-up plan which increased the occupancy rate of the center from 87% to 100% within an 18-month timeframe
    • Backfilled vacant anchor spaces with national tenant names such as Burlington and Five Below, etc.
    • In just 3 years, the property value increased by almost 100%
 
  • Implemented an aggressive lease-up plan that increased the occupancy rate from 87% to 100% within an 18-month timeframe, attracting top-tier national tenants.

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