Tri-Land Properties, Inc. has built a reputation as a national leader in repositioning underperforming shopping centers. The secret to their success is tri-fold: experience in the market, solid teamwork, and comprehensive business planning.
The company, based out of Westchester, Illinois, has earned special recognition in the industry as a skilled redeveloper of sites ranging from 100,000 to 800,000 square feet. The company’s properties stretch across the Midwest ( Illinois, Wisconsin, Indiana, Minnesota, Kansas) into the Northeast ( New York and Maryland) and the Southeast ( Georgia).
Tri-Land distinguishes itself from other developers with its unique corporate philosophy that places a high priority on long-term asset appreciation through prudent investment of capital coupled with meticulous property management and relentless leasing efforts that result in a competitive tenant mix.
Tri-Land projects typically include a supermarket anchor, unique architectural building treatments, high impact landscaping, high-intensity parking lot lighting, and a visible security presence, all of which contribute to a safe, pleasant shopping experience. Such strategies help Tri-Land build prosperous retail environments that benefit investors, tenants and communities alike.
Since the majority of projects involve redevelopment of distressed shopping centers, the Tri-Land team, led by Richard Dube and Hugh Robinson, has a solid track record of using government assisted programs, such as Tax Increment Financing and other economic development programs, to complement conventional private financing.
Tri-Land’s expertise in food/drug retailing has led to consulting engagements over the years by large supermarket chains. Most notably, Tri-Land advised Dominick’s Finer Foods in its expansion during the late ‘90s. Earlier this year, Tri-Land completed a similar strategic plan for a 100-store chain, located in a major Midwest market.
Telling of its success, Tri-Land’s portfolio as of August 31, 2005 (the end of its fiscal year) is approximately two million square feet and will increase to over three million in the next year. The company’s admirable growth is firmly rooted in its over 25-year commitment to top-quality commercial real estate development.
You can learn more about Tri-Land Properties by visiting its website at http://www.trilandproperties.com/.