The 135,000 sq. ft. Forum Shopping Center, Located in Louisville, KY, was purchased in 2012. At the time of purchase, the shopping center was 33% occupied. Shop space included a vacant anchor box (35,000 square feet), Jos. A Bank and Talbots. Local tenants occupied some of the remaining spaces.
Altus was engaged by the Owners to lease and manage the asset.
Within 14 months, the Altus team produced the following:
- Leased the 35,000 square foot vacant anchor box to Lucky’s farmers market (which is now a J.V. partner with Kroger). To read Lucky’s testimonial, please click here
- Increased shopping center occupancy from 33% to 92%