Shopping Center Acquisition —NMC’s Approach
NewMark Merrill COMPANIES
Shopping Center Acquisition — NMC’s Approach
The process of acquiring a shopping center is complex, multi-faceted, strategic and fluid. So many factors are at play and the potential risk can seem insurmountable to some. But NewMark Merrill thrives in this arena. Fully embracing the many challenges this process presents, NMC consistently and successfully identifies unique opportunities (that others may not see), meticulously researches all intricacies, and seeks to transform underperforming properties into vibrant, productive and relevant assets in local communities.
While conducting extensive due diligence, the purchase terms are not the only considerations for NMC. As part of the analysis, an up-front operating and redevelopment property plan is developed prior to closing, allowing NMC to deeply understand the property — sometimes even better than the seller. Determining the best proactive operating practices, identifying necessary improvements, and delving deep into the marketplace are points of reference that inform the final decision. This intense and hands-on fact-finding mission ensures that the property is set up to succeed from day one.
NewMark Merrill’s thoughtful acquisition approach has been tested time and again. Even with the numerous crosscurrents that impact retail, the extensive upfront planning, rigorous strategy development and unmatched perseverance in implementation have proven to be a predictable recipe for successful projects for partners, retailers and neighbors.
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