Successful leasing is the foundation for the success of any development, and is The Legaspi Company’s greatest strength. Our experience and on-going relationships with tenants such as those identified in the attached client list give us an advantage in pre-leasing a development, which contribute to the financing and future marketability of the development. What sets us apart from other leasing companies is the degree of follow-up, which we do, and the lengths we go to facilitate the execution of a lease and opening of the business. We use and develop our marketing expertise to aggressively and actively participate in and facilitate the decision making process of tenants: for major chain tenants as well as Mom & Pops and first timers. The attentive support that we are able to provide to many small businesses and our knowledge and ability to explain what will be necessary for them to open in a particular center is what has enabled us to bring to fruition many leases that no other broker would have had the patience or ability to complete.
Property Managment & Asset Management
The “building blocks” in the valuation of a commercial development are the leases. However, unless the terms and conditions of those leases are carefully enforced and maintained, the full value of the development may not be realized. Though many companies may possess the administrative skills to handle the mechanics of property management, few can equal The Legaspi Company’s understanding of the various intricacies of leasing contracts. Furthermore, in those developments in which we also handle the leasing, the rapport, which has already been established with the tenants in the course of negotiating the leases, eliminates much of the confusion disorientation, and delays that frequently occur.
Sales & Divestitures
The ultimate function of all experienced businesspersons is to identify and fulfill the needs of its clients. This goal is achieved through the thorough and on-going commitment of Legaspi Company to understand and stay abreast of market conditions as well as maintaining close communications with our client base. The arranging of a “marriage” of two or more clients with similar and/or compatible needs, skills, and resources is a natural extension of this process. Identifying the potential for and arranging Joint Venture Partnerships is another valuable service that The Legaspi Company is able to provide when the needs arise.
Joint Ventures & Partnerships
Though the needs and goals of investors vary from one to another, in our experience, most of those interested in commercial/retail development seem to enjoy the challenge of “pioneering” a new development, and once they have completed one, like to sell and move their equity in that project to start a new one. Whatever the motivation might be, The Legaspi Company has successfully sold a wide range of properties to various investors with whom we maintain an ongoing and professional rapport. This resource, a stable of ready and able buyers, is instrumental in our ability to bring qualified offers in a timely manner, thereby freeing the seller/invest or to realize the equity it has gained and leveraging it in another investment.