of shopping center development and acquisition, Rock Step is able to build new shopping centers in a variety of different formats. Rock Step has built over ten Tractor Supplies and Walgreens. In addition, Rock Step has built power centers with major anchors like Wal-Mart and Kohls, along with junior anchors, multi-tenant pads, and single use pads. Rock Step can either purchase the property or deve
lop property with partners as part of a joint venture. Weiner believes in a “open book” format with land owners so that they understand in great detail the process of getting to a purchase and in addition the probability that a purchase will occur. Brokerage
Rock Step uses its strong retail and specific market background to identify a realistic marketing plan for a shopping center. Due to Rock Step excellent relationships with national and local tenants, such as retailers and restaurants, as well as office/medical users who locate in or adjacent to shopping centers, Weiner can quickly identify potential tenants for a center. Rock Step can develop the appropriate marketing material, contact the tenant, negotiate a Letter of Intent, execute a lease, and coordinate the tenant opening. In todays challenging economy, Rock Step can identify what it takes to keep tenant business active and identify which tenants are the strongest. In addition to third party leasing, Rock Step has a thorough knowledge of those investors seeking shopping centers, and we maintain a robust database of potential buyers of shopping centers. Since we understand current shopping center values, we can help you get the most value for your shopping center when you are ready to sell. Property Management
Rock Step can manage shopping centers by providing leasing, maintenance, and financial reporting services. Leasing: Rock Step knows retail. Rock Step knows retailers and where they want to be. Our leasing services produce results. Security and Maintenance: Rock Step has earned a reputation for safe, well maintained centers. Our staff is effective and efficient at creating a clean, safe and secure environment for our tenants customers. Financial Reporting: Rock Step financial reporting is detailed and a customizable solution no matter what your reporting needs. Construction Management and Redevelopment
The Rock Step construction management team can manage a construction project from beginning to end. Rock Step can help define the scope of work, analyze the profitability of that work, hire consultants, manage the production of construction documents, coordinate the bidding process, negotiate a construction contract, manage the actual construction, process draw requests and change orders, and deliver a completed project for the tenant or landlord. Rock Step can strategically redevelop an entire shopping center. One example of a current project is where a landlord of a 40 yr. old shopping center asked RSC to expand their anchor by 50% , reface the entire center, and add two buildings. We helped negotiate and update a lease with a major tenant plus identify new tenants that want to be a part of this revitalized center. Everything is an open book to the landlord, and approved by the landlord. Tenant Representation
Due to its strong roots in retail, Rock Step is able to help tenants identify the best locations in both urban and rural markets that we serve. We can help negotiate lease structures, tenant improvements, and free rent opportunities. Rock Step maintains excellent relationships with landlords, and can quickly identify which markets and shopping centers provide the best results for our clients. In addition, having managed a retail chain in over 150 markets in Texas, Louisiana, and Mississippi, Weiner has first-hand knowledge of hundreds of retail markets. Landlord Consulting and Development Services
Rock Step will help landlords identify what needs to occur within a shopping center to improve its value, including identifying new tenants, negotiating lease terms, finessing rent reduction, identifying current tenant strengths, upgrading lease structure, and evaluating the return on investment by upgrading the center. Rock Step can also help identify new financing, refinance an existing loan, or structure a workout of a problem loan. Our goal is to identify strategic opportunities as if Rock Step was the landlord. As a part of relationship building, Weiner will work through critical letters of intent with those tenants that can dramatically impact the value of your center. We aks that you give us a try. On a complimentary basis, let us mark-up a critical letter of intent from one of your tenants and then discuss with you a negotiation strategy with that tenant. We know that we can quickly create value, or we can review the overall leasing structure and provide you with our thoughts on what strategies produce the most value for your center – again, on a complimentary basis. Lender Consulting
Rock Step can help lenders identify how to protect the value of those shopping centers in the lender’s current loan portfolio which are troubled loans. Rock Step can identify a true market value of the shopping center asset, manage the asset, and create disposition strategies. We can provide soup-to-nuts lender consulting:
Property Management
Leasing, including an analysis of appropriate market rents
Budgeting of tenant improvements and maintenance capital requirements
Disposition strategies, managing a property until we find a buyer
Expert Testimony
Rock Step will provide expert testimony for real estate related lawsuits including condemnations and real estate valuation cases.
