Tryperion provided preferred equity for the acquisition and lease-up of Bear Creek Plaza, a 190,000 SF grocery-anchored retail center at a prime intersection in Medford, OR.
Tryperion provided preferred equity for the acquisition and lease-up of Bear Creek Plaza, a 190,000 SF grocery-anchored retail center at a prime intersection in Medford, OR.
Tryperion acquired the 265,000 SF retail center at 20% occupancy. The property is shadow anchored by the #1 Walmart and #2 Home Depot in Colorado. The business plan included light value-add renovations and aggressive efforts to lease the remaining vacant space.
Tryperion acquired Costco Plaza, a 237,000 SF, 23-acre retail center in the Phoenix MSA shadow-anchored by Costco, at 79% occupancy. The business plan included selling off pads, implementing a capital expenditure program to modernize the center, and leasing to stabilization.
Tryperion acquired the 62% occupied, 131,000 SF shopping center in the affluent and densely populated Chandler submarket. We completed cosmetic upgrades to lease up the anchor and inline vacancies and selectively sold individual retail pads.
Tryperion acquired the 97% occupied 138,000 SF retail shopping center with adjoining two land parcels in the expanding northeast San Antonio corridor. The business plan focused on maintaining occupancy while capturing additional value through the individual sale of the pads and land parcels.