We are a private retail investment and asset management firm focused on acquisitions, development, and third party services. We offer in-depth knowledge of the identification, acquisition, operation, and management of significantly underperforming retail property to achieve its full potential. Tricom is uniquely positioned for deal sourcing, partnerships, financing and execution, as well as, project repositioning and asset management.
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Headquartered in Dallas, Texas, Tricom Real Estate Group is a private retail investment and asset management firm focused on the acquisition and turnaround of underperforming regional mall and open-air center assets in key markets across the nation.
Through decades of asset repositioning, capital markets activity, hundreds of transactions and extensive industry ties, Tricom is uniquely positioned for deal sourcing, partnerships, financing and execution, as well as, project repositioning and asset management.
Through decades of asset repositioning, capital markets activity, hundreds of transactions and extensive industry ties, Tricom is uniquely positioned for deal sourcing, partnerships, financing and execution, as well as, project repositioning and asset management.
Through key professionals, long-term market perspective, rare mall expertise, and strong tenant ties, Tricom is ideally positioned to establish healthy retail projects that thrive.
The firm offers in-depth knowledge of the identification, acquisition, operation, and management of significantly underperforming retail property to achieve its full potential.
The Tricom team provides due diligence, underwriting, transaction execution, investment strategies, value-add programs, tenant negotiations, regular project evaluations, performance reporting, and exit strategies.
The firm offers in-depth knowledge of the identification, acquisition, operation, and management of significantly underperforming retail property to achieve its full potential.
The Tricom team provides due diligence, underwriting, transaction execution, investment strategies, value-add programs, tenant negotiations, regular project evaluations, performance reporting, and exit strategies.
Over the past five years, malls and shopping centers have been purchased at a record pace.
REITs, developers, and private equity investors have been taking advantage of properties that have gone into bankruptcy or have been abandoned by the previous owners.
From then until now, the conversation has been that main secondary market centers are in need of new strategies for attracting national retailers, finding quality specialty leasing tenants, and dealing with losses in big box retailers (JCP, Sears, Macy's, etc.).
REITs, developers, and private equity investors have been taking advantage of properties that have gone into bankruptcy or have been abandoned by the previous owners.
From then until now, the conversation has been that main secondary market centers are in need of new strategies for attracting national retailers, finding quality specialty leasing tenants, and dealing with losses in big box retailers (JCP, Sears, Macy's, etc.).
Tricom will oversee the day-to-day operations including marketing, maintenance, and financial oversight in order to achieve the objectives of the property's owner.
We work closely with owners and tenants to increase operating efficiencies, maximize revenue streams, and monitor property performance.
In addition to marketing space for lease, Tricom will identify and contact potential new tenants, develop a leasing strategy, create leasing budgets, coordinate and build merchandising plans, manage outside brokerage relationships, negotiate leases for new and renewing tenants, and provide activity updates to ownership.
We work closely with owners and tenants to increase operating efficiencies, maximize revenue streams, and monitor property performance.
In addition to marketing space for lease, Tricom will identify and contact potential new tenants, develop a leasing strategy, create leasing budgets, coordinate and build merchandising plans, manage outside brokerage relationships, negotiate leases for new and renewing tenants, and provide activity updates to ownership.
JCPenney was in the market looking for a new store and had a 90-day cancel clause in their lease.
Ideally there are 400,000 people to support a mall.
At the time we took over the mall, there were six malls serving just over 1 million people.
Clearly there was no need for another mall, so El Con needed to become something other than a mall.
With strong sales at Target, The Home Depot and JCPenney, and the presence of a theater on the site, the center was clearly in a good retail location.
The mall location is three miles from the University of Arizona, and only a few miles from downtown on the main retail street in Tucson.
Ideally there are 400,000 people to support a mall.
At the time we took over the mall, there were six malls serving just over 1 million people.
Clearly there was no need for another mall, so El Con needed to become something other than a mall.
With strong sales at Target, The Home Depot and JCPenney, and the presence of a theater on the site, the center was clearly in a good retail location.
The mall location is three miles from the University of Arizona, and only a few miles from downtown on the main retail street in Tucson.
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