-
Lamar acquires shopping centers nationwide, preferring those with cash flow and upside potential through the aggressive implementation of a re-merchandising, renovation and development plan.
-
The minimum shopping center size for consideration is 100,000 square feet. There is no maximum limit on shopping center size.
-
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 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.
-
Brokers are registered by Lamar in accordance with the Registration Policy.
-
Leasing commissions are paid to brokers that procure tenant.
Contact:
Ralph Pugliano
365 South Street
Morristown, NJ 07960
(973)-285-0660 x306 ph.
(973) 285-1352 fax
ralphp@lamarco.com
Jesse Maas
Director
Western U.S. Acquisitions
Lamar Companies
10901 Toller Drive, Suite #105
Littleton, Colorado 80127
(w) 303-904-1122 x113
(f) 303-904-1133
jessem@lamarco.com
