As owners of shopping centers throughout suburban Chicago for the past 50 years, with a portfolio that expanded from on center to more than 1.25M square feet, our firm has been a critical part of community growth and tenant expansion through the region. None of our work would have been possible without our commitment to cultivating deep and enduring relationships, but in today’s market disrupted by technology that fundamentals are questioned more than ever. Do relationships still matter in commercial real estate?
Ownership: An Evoloving Business Model
Acquiring and owning shopping centers today requires flexibility. The complexities extend beyond physical and economic to the digital world, as nearly all of the tools of yesteryear remain in place through often modernized through technology. There is also substantive investment required for additional tools critical to performance today. We are more cognizant of lifecycles — ours and the property’s — and the need to ensure we have the resources in place to be prepared for all eventualities. We build reserves, track our tenants’ performance, analyze data and cycles, and maintain and update each property’s digital assets.