Capstone Advisors has managed to maintain strong leasing activity in its retail portfolio this year, despite business closures and stay-at-home restrictions during the pandemic. The firm both retained and renewed existing tenants and signed new leases with retailers that have experienced healthy business performance.

"We continued to be responsive, creative, adaptable and entrepreneurial in our approach to new opportunities and changing market dynamics. We understand the success of our tenants drives the success of our properties, so we invest in resources and provide guidance to help each tenant grow their business even in these trying times," Alex Zikakis, president and founder at Capstone Advisors, tells GlobeSt.com.

Zikakis has outlined a number of factors that helped to drive leasing activity this year, starting by maintaining properties in lease-ready condition and implementing safety measures to keep tenants and customers safe. "Featuring hand sanitizing stations, high-performance filters in all HVAC systems, and increased property cleaning, especially in high-touch locations at all of Capstone Advisors' properties. For our retail centers, we installed parking for curbside pickup, increased signage promoting social distancing and safety messages, and added new outdoor seating and dining areas in the common areas and parking lots," he says. "We have also increased our focus on security with additional nightly patrols and manned camera monitoring to make sure our properties remain clean, safe and inviting."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.