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A True Story of Value Add and its Rewards Part 3: The Deal.

Once we had created tremendous new value and interest in a once-obsolete building, it was time to close the big deal for our client. With his insider knowledge of this business corridor and community, Mark Szerlag, CCIM and Partner in the Thomas Duke Company, saw that the asset would be an ideal property for a … Continue reading “A True Story of Value Add and its Rewards Part 3: The Deal.”

A True Story of Value Add and its Rewards Part 2 – Repositioning

With the acquisition complete, it was time for the Thomas Duke Company to add value. Imagine what we started with: heavily partitioned offices with tiny, dark-tinted ribbon windows near the ceiling of each, water damage on the lower level, and overgrown landscaping surrounding the exterior. First, John M. Bridges, CPM and Director of Management Solutions … Continue reading “A True Story of Value Add and its Rewards Part 2 – Repositioning”

A True Story of Value Add and its Rewards

Transformation is rarely quick and easy. The process is full of challenges and risks. But with perseverance—and, in this case, expert help—the end result more than rewards the trouble. Recently an investor in California approached the Thomas Duke Company. He operates a highly successful consulting firm and, in the real estate sector, builds multi-million-dollar homes … Continue reading “A True Story of Value Add and its Rewards”

Stockbridge Enterprises Chooses the Thomas A. Duke Company

After years of trying to manage them alone, the ownership of Stockbridge Enterprises decided it was time to seek out leasing and property management professionals for two of its premier shopping centers. They chose the Thomas A. Duke Company. The multi-tenant Fiddler’s Cove Shopping Center in the 71000 block of Van Dyke Road is anchored … Continue reading “Stockbridge Enterprises Chooses the Thomas A. Duke Company”

Every Square Foot Counts: Turning an Investment into a Great Investment

When they came to the Thomas Duke Company, the owners of the Pine Ridge Shopping Center were frustrated—understandably. Their 37,725-square-foot retail plaza hadn’t returned anything on their investment in years. Occupancy was only 59 percent, and almost a quarter of the tenants were in arrears. In fact, overdue rent payments totaled more than the gross … Continue reading “Every Square Foot Counts: Turning an Investment into a Great Investment”

A Comprehensive Annual Business Plan For Commercial Real Estate

If you’re a commercial real estate owner, it’s the time of year when your management company will create an annual business plan and budget for the property of yours that it services. This plan should give you evidence that your property manager is carefully analyzing and modifying your investment goals and objectives to reflect market … Continue reading “A Comprehensive Annual Business Plan For Commercial Real Estate”

Personalized Service Wins Property Management Contract

FARMINGTON HILLS, MICHIGAN – August 5, 2013 Property management is not a one-size-fits-all service. “While property owners in southeast Michigan are seeking out professional management for the value it adds to their assets, they’re insisting on personalized service,” said John M. Bridges, Director of Management Solutions for Thomas A. Duke Company. Thomas A. Duke Company’s … Continue reading “Personalized Service Wins Property Management Contract”

Stockbridge Enterprises Chooses the Thomas A. Duke Company

After years of trying to manage them alone, the ownership of Stockbridge Enterprises decided it was time to seek out leasing and property management professionals for two of its premier shopping centers. They chose the Thomas A. Duke Company. The multi-tenant Fiddler’s Cove Shopping Center in the 71000 block of Van Dyke Road is anchored … Continue reading “Stockbridge Enterprises Chooses the Thomas A. Duke Company”

Property Management – Fidelity Investor Center in Novi

THOMAS A. DUKE COMPANY HAS BEEN AWARDED THE PROPERTY MANAGEMENT OF THE FIDELITY INVESTOR CENTER IN NOVI, MICHIGAN FARMINGTON HILLS, MICHIGAN – December 27th, 2012 Farmington Hills, Michigan – Thomas A. Duke Company has been awarded the property management of the Fidelity Investor Center, 43420 Grand River Road, Novi, Michigan. The building is a 6,660 … Continue reading “Property Management – Fidelity Investor Center in Novi”

Property Management – Pine Ridge Shopping Center in Novi

THOMAS A. DUKE COMPANY HAS BEEN AWARDED THE PROPERTY MANAGEMENT OF THE PINE RIDGE SHOPPING CENTER IN NOVI, MICHIGAN FARMINGTON HILLS, MICHIGAN – January 1, 2013 Farmington Hills, Michigan – Thomas A. Duke Company has been awarded the property management of the Pine Ridge Shopping Center, 24255-24299 Novi Road, Novi, Michigan. Built in 1987, the … Continue reading “Property Management – Pine Ridge Shopping Center in Novi”