These new interests include mixed-use projects, properties thatare well located in various submarkets and value add opportunitiesthat can be repositioned. "If it can be improved, then it issomething we are willing to take a look at," Boyle says.
The firm would consider a residential component to a retailproject, for example, as well as an office building as an ancillaryuse in a redevelopment. Boyle draws the line at a shift to pureoffice plays. "We are not in the office development business."
The Columbia, SC-based firm's most recent acquisition in the DCarea, a 84,502-sf shopping center in Arlington, VA, for $22 millionthat was reported last week by GlobeSt.com,is an example of this strategy, he adds.
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
*May exclude premium content
Already have an account?
Sign In Now
© 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.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
