EvCap acquired a 60,000 s.f strip mall in one of the main retail nodes of Gresham. The property was 66% occupied at purchase and EvCap boosted occupancy to 92% in less than 1 year by demolishing and ground leasing the corner building to Chick-Fil-A and relocating those tenants throughout the shopping center.
EvCap acquired a 25,000 square foot former Sears Auto anchored shopping center that was purchased 60% vacant in one of the most highly traveled intersections in DuPage County. Aspen Dental, Lenscrafters, McAlister’s Deli, and Tide came in to fully occupy the asset.
EvCap and the City of Chicago entered into a public / private partnership to operate an 11 store shopping center leased to Starbucks, Chase Bank, Burger King, Accelerated Rehab, Subway, and other regional and local tenants. The property is a world class facility that is located in the core of downtown Chicago, located within Millennium Park on Michigan Avenue. During ownership, EvCap extended 9 of the 11 leases on 10-15 year terms.
EvCap purchased one of the last remaining lots within the Drexel Town Square redevelopment. Evcap entitled and built a brand new 3 building strip center and sold the project to an institutional investor after stabilizing the asset to 100% occupancy with a mix of national and regional tenants.
EvCap purchased and developed a 2-tenant strip center with Panera Bread and Vision Works on corporate leases. The property is a pad to the dominant power center in the trade area that has Target, Kohl’s, Ross, PetSmart and others as the major anchors.
EvCap purchased a 15,000 square foot building with Lumber Liquidators in hand as a tenant and closed with the property 50% vacant. The property was 100% leased within 6 months and sold within 12 months of acquisition.
EvCap acquired and repurposed a 4,900 square foot project on the best corner in Mountain View - home base for Google. Mattress Firm executed a lease post close and Evcap sold the asset post-occupancy.
EvCap sourced 100% of the debt and equity for a group that forward funded and acquired a portfolio of 12 Family Dollars for long term cash flow purposes.
EvCap acquired a 9,200 square foot vacant building that was closed with a 10 year lease with AutoZone in the ultra high barrier to entry market of Alameda. EvCap worked hand in hand with the historical society and City on the necessary entitlements and approvals for building renovations and then sold the project to a 1031 investor less than 9 months after acquisition.
EvCap acquired 2 vacant buildings across from Fashion Fair Mall, which is anchored by Apple, Macy’s, and others. This was a ground up development for Sleep Number.
EvCap negotiated a 10 year blend and extend on a Mattress Firm lease with 2 years remaining and sold the property to a REIT shortly after.
EvCap acquired a Golf Galaxy paying rents 50% below market in a shopping center that was redeveloped with a new Whole Foods, Nordstrom Rack, and a $20M renovation.
EvCap acquired a low rent Pier One in front of the top performing mall in West Virginia. Once Pier1 vacated, Evcap relet and renovated for Pet Supplies Plus and sold the asset.
Mattress Warehouse
EvCap acquired a former Pier One and pre-leased it to two mattress tenants during its due diligence and escrow period.
