Property Case Study
CenterPoint was engaged to assist with a development of a 38,000 sf retail strip and pad sites. Sitting on the adjacent property was a separately owned, former grocery store. As CenterPoint's client closed in on the project and began to market the land, the capital markets seized. Few tenants were expanding, and limited capital made constructing a challenge due to high pre-leasing requirements and unrealistic funding terms. If CenterPoint failed to produce, the developers would be drained and the project would fail.
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