CPD offers a suite of real estate services that are strategically tailored to each specific client. After assessing our clients’ real estate portfolios and particular needs, we carefully devise a comprehensive plan of action that ultimately helps them meet their objectives.
CPD professionals have first-hand leadership experience overseeing the corporate retail portfolio of a Fortune 25 company and evaluate every client property through a sharp lens, as if it were our own. We carefully analyze your portfolio, review your financial and strategic goals, and develop a tactical plan for optimizing assets in order to successfully manage your company’s entire disposition process.
Our services include:
CPD’s team is committed to staying current with industry changes and challenges and keeps abreast of trends through participation at conferences, expos and events. Clients often are not aware the marketplace has moved past their business and their properties are losing value. CPD helps you understand the value of your properties and designs strategies that ensure that your assets are optimized to receive the highest value.
Let CPD partner with you on your portfolio; contact CPD today.
Portfolio Optimization | Lease Termination
“Then we identified a new user for the property and worked with the landlord to negotiate the termination of our client’s lease…”
A national retailer with locations worldwide maintained a real estate portfolio that included both owned and leased properties with varying terms. Over several years, the retailer’s standards for their real estate needs changed. CPD worked with the client to ensure that all new properties aligned with current company standards. In addition, CPD managed assets in the client’s Excess Property portfolio.
A vacant Home Depot Expo Design Center, which had term remaining on its lease, was being marketed as a sublease property that would be available through the duration of the primary lease term. The two-story building, unique among the client’s portfolio of single-story properties, benefitted from its prominent location along Interstate 88 in a much-desired Chicago submarket.
The Home Depot Expo Design Center stayed vacant for approximately two years after the retail concept was discontinued nationwide. The remaining term on the lease was nine years. CPD partnered with a local market expert in order to most effectively showcase the property. Then we identified a new user for the property and worked with the landlord to negotiate the termination of our client’s lease, eliminating eight years of rent-related expenses. Ultimately, the new retailer, Art Van Furniture, purchased the property from the current owner for its flagship store in the greater Chicago area.
