MANAGED: O’Fallon Walk, O’Fallon, MO

commercial real estate - ofallon moCLIENT: SPECIAL SERVICER
As the court-appointed receiver and property manager of this 157,000 SF shopping center, we secured the purchase option from a notoriously difficult adjacent landowner to acquire a property blocking the view and access to the substantially vacant portion (45%) of the center. With the option in hand, we were able to attract two new large users to backfill the vacancy, and the Property subsequently sold for 66% more than the highest qualified bid from failed sales attempt two years prior.

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