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Acquisition

Acquisition

Saglo Development is a long term commercial real estate holder. Our strategy is not to buy and quickly flip, but to develop long term landlord/tenant partnerships. Our strategic approach to acquisitions is simple: to maximize the value of shopping centers though strong proactive leasing, meticulous and efficient property management, and by improving the tenant mix to generate optimal customer traffic.

Acquisition Criteria

  • Multi tenant shopping centers larger than 50,000 SF and costing between $4,000,000 – $40,000,000.
  • Located in major MSA’s in Florida, Atlanta MSA, Charlotte MSA, Raleigh MSA, and Dallas MSA.
  • Strong Market fundamentals including strong population growth, great economic drivers in the immediate trade area, and the proper ratio of retail to the population.
  • Strong Property fundamentals including easy access and excellent visibility.
  • Shopping centers needs to be at least 75% occupied with at least 50% of the occupied gross leaseable area being credit/national/regional tenants.