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Leasing is an integral component that drives Eidi Properties Group's overall investment strategy. For each of its projects, Eidi Properties conceives and implements a leasing strategy which creates new or complements existing and commercial centers. After identifying potential commercial markets, Eidi Properties considers the product mix which will best address the unique needs of a community and maximize investment potential. In finalizing a development plan, an optimal allocation of retail, and other possible uses is determined. A mix of national and local retail tenants, and potential office uses are evaluated and included in each project as required to contribute to the desired environment. WE PROTECT BROKERS, ALWAYS.
The combination of Eidi Properties hands-on management, state-of-the-art reporting procedures, and individually-tailored leasing programs is the key to the success of each investment -- and is reflected in Eidi Properties excellent tenant retention rate and enhanced investment returns.
Our Leasing Group has a broad range of experience including:
Retail: We deal with national and regional tenants & brokers requirements, sales volume targets, leasing demographics, and space requirements and specifications; and are in frequent contact with our tenant representatives.
Office leasing: We have excellent relationships with regional and local offices of brokerage firms to identify potential tenants, and Eidi Properties will take the active role in tenant qualification, lease term analysis, lease negotiations and space programming.
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a. tenants-- With a resourceful, leasing-driven focus and an emphasis on service, Eidi Properties maintains strong relationships across a broad range of national, regional and local retailers and service providers. Our goal is to build mutually beneficial, long-term relationships with every one of our tenants.
Below is a small sampling of the quality retailers found throughout Eidi Properties portfolio. Subway, Elder Bereman, Safelite, Dunham's, Cinemark, IKON, Pizza Hut, Radio Shack, Family Dollar, Rent a Center, Sprint, Tim Hortons, Taco Bell, Save-A-Lot, O'Reilly Auto Parts, Auto Zone, City Trends, First Choice Hairt Cutters, Edward Jones
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b. strategy-- At Eidi Properties, our leasing team is dedicated to the satisfaction and success of every retailer in our portfolio. We believe in working with our tenants to help them attain and exceed their goals and projections. Whether creating the most exciting and complementary tenancy mix or discussing how to attain maximum visibility and signage placement, we go to work every morning focused on what we can do to help us both realize top-of-the-line results.
Whether you are a local "mom and pop" business, a growing regional player or an established national operator, we will work to find you the perfect location within our portfolio. We are always interested in meeting with you at your store or headquarters to learn more about your business and fully understand your specific requirements. With a broad range of centers across demographic and geographic trade areas, Eidi Properties offers opportunities near and far, and we have the patience and insight to uncover winning opportunities conventional leasing teams often miss.
Of course, our service never stops once a lease is signed. Eidi Properties in-house construction management group is experienced in handling even the most complex installations and will do everything to ensure your space is finished on time and on budget. Upon opening, and even before, you will have access to our leasing and property management representatives who will respond promptly to your needs. And we run our centers intelligently, balancing the advantages of attractive, well maintained shopping environments against the task of keeping common area charges reasonable and in line.
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At Eidi Properties, shopping center acquisitions are a daily part of our business. Since 1998, we have acquired approximately one million square feet of retail space in dozens of acquisitions by providing sellers with market pricing, certainty of closing and the expertise and flexibility to resolve issues quickly and fairly. In fact, we have successfully closed virtually every transaction we have ever put under contract.
We offer a quick and efficient due diligence and closing process, backed by proven access to debt and equity capital without committee or third party approvals. With established relationships with lenders such as 5/3rd Bank, National City, Sky Bank, among others, Eidi Properties regularly secures the most attractive financing terms available in the market.
While Eidi Properties reviews dozens of potential acquisitions every year, we only submit bids on a select few properties we are truly interested in owning and operating. We back up every proposal with an intense, in-depth underwriting process before bid submission to eliminate the risk of changes in pricing during due diligence and closing. The result: an outstanding record of closing on time and as agreed.
For more information on Eidi Properties acquisition program, or to discuss a potential transaction in greater detail, please contact Ramy Eidi (Principals only).
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Recent Acquisitions:
2005- Jesse James Plaza, Toledo, OH
2006- Parkway Plaza, Maumee, OH (scheduled)
2006- St. James Shoppes, Toledo, OH (scheduled)
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a. properties wanted-- Whether you are selling one property or an entire portfolio, Eidi Properties is always interested in exploring new acquisition opportunities. With the patience and experience of a long-term investor, and the creativity and insight of real estate entrepreneurs, we can respond and close quickly.
We focus on assets strategically located primary in Northwest, Ohio. We also have the flexibility to acquire properties in less traditional locations, including many university and college markets, and we are actively expanding our portfolio of shopping centers.
As a private, long-term investor, Eidi Properties has tremendous flexibility as to the types of shopping centers we acquire. In general, we look for centers that generate (or we believe are capable of generating) strong repeat consumer traffic, ranging from fully leased, stable assets to properties in need of total redevelopment.
While numerous real estate investment opportunities are investigated across a broad spectrum, Eidi Properties primary focus is on existing, well-located retail and commercial properties offering a competitive return in an improving marketplace -- as well as properties that provide the potential for capital improvement, re-tenanting or expansion with increased cash flow within three to five years.
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b. submission information-- If you are interested in exploring a property sale with Eidi Properties, we will need the following types of property information to make our discussions as productive as possible:
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