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Lamar acquires shopping centers nationwide, preferring those with cash flow and upside potential through the aggressive implementation of a re-merchandising, renovation and development plan.
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The minimum shopping center size for consideration is 100,000 square feet. There is no maximum limit on shopping center size.
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Lamar looks for the value added play either through existing vacancy, anticipated vacancy, weak anchors, required reconfiguration or required capital to modernize the asset.
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The minimum population density within a 5 mile trade area must be 50,000, with a minimum median household income of $40,000.
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Lamar will consider most types of environmental contamination.
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Lamar is an all cash buyer and can close within 30-60 days from the date an offer is accepted.
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Brokers are registered by Lamar in accordance with the Registration Policy.
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Leasing commissions are paid to brokers that procure tenant.
Contact:
Ralph Pugliano
Chief Financial Officer and Executive Vice President
365 South Street
Morristown, NJ 07960
(973)-285-0660 x306 ph.
(973) 285-1352 fax
ralphp@lamarco.com
Kseniya Voronin
Lamar Companies
365 South St
Morristown, NJ 07960
(w) 973-285-0660 x321
(f) 973-285-3577
kseniyav@lamarco.com
