Repositioning
Unlocking value through creative property evolution.
Ever-changing market conditions are prompting many owners of aging commercial properties to reposition their buildings in the marketplace. A properly planned and structured repositioning strategy will add significant value to your property’s bottom line and will unlock its potential to compete head-to-head with much newer properties by retaining existing tenants and attracting a much larger group of potential users. Divaris Real Estate’s portfolio of repositioning projects runs the gamut from converting a one million square foot mall into a full-service corporate center, to repositioning grocery-anchored shopping centers into regional power centers. This process begins with a blank canvas, as we determine the best use for the property based on a comprehensive study of surrounding developments, demographics, strength and depth of the overall market, physical structure, current financials and an array of other components.
The District at Myrtle Beach
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Leveraging Lateral Thinking
Divaris applies lateral thinking to devise cost-effective solutions to maximize the propery’s value. We then orchestrate the entire process – creating a new merchandising mix and leasing plan, oversee design, arrange contractors, manage construction and coordinate the tenants. During this process, clients are always kept in the loop with detailed updates.