PROPERTY
| Size | 267,495 SF |
| Year Built | 1971-1984 |
| Property Type | Industrial |
| Location | South Central Omaha Submarket |
RESULT
| Lease Dates | 81,090 SF: March 2022 186,405 SF: April 2022 |
MAJOR POINTS
- After Gordmans went bankrupt in 2020, the warehouse was left abandoned with shelving, machinery, inventory, and more
- Investors Realty secured the property and helped facilitate a plan to put the building in leasable condition
- IRI’s project management team was brought in to help formulate strategic reinvestments to renovate the condition of the property to make the asset more marketable to prospective tenants
- Investors Realty’s brokerage team was assigned the task of re-leasing the property to one tenant
- Held weekly meetings with ownership to discuss marketing activity, market feedback, and renovation status
- Produced a marketing video showcasing the renovations
- After producing multiple offers to subdivide the building, the brokerage team recommended marketing the building as capable of being subdivided to allow for multi-tenancy
- Received several proposals and secured two high-quality tenants on long-term leases
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| Kevin Stratman, CCIM, SIOR 402.778.7520 kstratman@investorsomaha.com | Clint Seemann 402.778.7541 cseemann@investorsomaha.com | Ryan Zabrowski, CCIM, SIOR, CRE 402.778.7557 rzabrowski@investorsomaha.com |