In the recent years it became impossible to attract retail tenants and most of the space was used for offices. We lost our largest tenant (the U.S. Postal Service), and were about to lose other tenants.
We put the center on the market and ultimately sold it to Jessie, who is one of the most “take charge” property managers I’ve ever seen. He established relationships with all relative tenants, city officials, vendors, etc. Within a short period of time he had new tenants lined up and several parking lot, landscaping and other issues resolved. The center is now on a solid footing thanks to Jessie’s “take charge” style.
If I had another distressed property in need of help, Jessie is the first person I would call. He is a man of integrity.
President, EDM INVESTMENTS