CASE STUDY CORTEZ PLAZA
Brandenton , Fla .
OWNER : Hackney Real Estate Partners
DESCRIPTION : a 275,000-sq . ft . regional power center with anchor and junior anchor spaces vacant for several years
RESULTS :
• leased over 45,000 sq . ft . ( 32,000 sq . ft ., 8,000 sq . ft ., 5,000 sq . ft ) within 12 months
• secured ground lease for non-performing outparcel site
• backfilled remaining space from Burlington downsize
• increased NOI by over $ 1 million within 24 months
• added $ 11 million of value to asset
COLLABORATION | INTEGRITY | HARD WORK | ACCOUNTABILITY | INNOVATION