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."
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