CASE STUDY

Irving Market Center, Irving TX

CLIENT

LNR Partners

SERVICES PROVIDED

Property Management Leasing, Redevelopment

ACCOMPLISHMENTS

  • Increased occupancy by 12%
  • New 15,000 square foot lease done with Burke’s Outlet
  • Implemented and supervised a $200,000 capital improvement program.
  • Negotiated with TXDOT for the ROW taking of a portion of the front elevation of the property which resulted in ownership receiving 28% more in proceeds from TXDOT than what was original offered.
  • Woodmont partnered with the property’s lender in purchasing the shopping center under a 50/50 ownership structure.
  • In the process of expanding the center through the relocation of an existing Best Buy into an expanded portion of the center.
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