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Lamar acquires community/neighborhood shopping centers preferably grocery anchored nationwide, preferring those with cash flow and upside potential through the aggressive implementation of a remerchandising, renovation and redevelopment plan.
- Lamar looks for the value added play either through existing vacancy, anticipated vacancy, weak anchors, required reconfiguration or required capital to modernize the asset.
- The minimum shopping center size for consideration is 100,000 square feet. There is no maximum limit on shopping center size.
- The minimum population density within a 5 mile trade area must be 50,000, with a minimum median household income of $40,000.
- Lamar will consider most types of environmental contamination.
- Lamar is an all cash buyer and can close within 30-60 days from the date an offer is accepted.
- Lamar has experience purchasing the property in fee simple title, notes with the intent to own or on short sale opportunities.
Contact:
Kseniya Merritt
Lamar Companies
330 Passaic Ave, Ste 110
Fairfield, NJ 07004
(w) 973-285-0660 x321
(f) 973-227-7303
kseniyam@lamarco.com