We were tasked with improving an underperforming retail center in Compton, California. At the time, the 196,442 square foot property was in disrepair, with numerous potential liabilities such as transformers catching fire. Electricity was unreliable, often forcing the owners to rent generators. As a result, the property was suffering from low occupancy (76%) and below market rents,
Compton Retail Center
Challenge
Solution
Our management and construction teams worked with the ownership on a complete property renovation and upgrade. Improvements included replacing the dilapidated metal building façade with a new, colorful façade, adding ADA ramps and new, LED light fixtures in common areas, and installing new, drought-tolerant landscaping. Newly commissioned monument signage now enhances the visibility of the shopping center.
Results
The retail center is a cost-efficient, safe and hazard-free building with increased value and occupancy. The upgrades saved on operating expenses across the board, and reduced power costs by up to 40%. Occupancy rose to 88% percent, and existing and new tenants now pay market rate rents.