Once the physical boundaries of a development are determined, the layout of buildings and shop space must be determined. This is not only an architectural task, but also a critical step in the establishment and implementation of an overall marketing and leasing strategy. Our experience in leasing, knowledge of tenants' leasing criteria, and understanding of the overall real estate market provide us with the expertise to advise developers on how to design a center which will optimize the various marketing elements available.
In this phase, we can help the developer identify targeted uses that will create an ideal tenant mix based upon existing market conditions for the project area. Prospective anchor tenants or uses would be identified along with their facility requirements and typical leasing parameters. The size, location, and leasing terms of those anchor tenants will dictate the placement, sizes and rent requirements of other shop spaces. Various configurations and scenarios can be developed and re-worked, based upon the economic parameters of the developer and actual market conditions. The Legaspi Company has a practical understanding of the needs of tenants and the values they place on physical factors such as frontage, signage, visibility, traffic flow, and clustering of complimentary uses. This enables us to work with developers to create practical and marketable projects that translate to quick leasing and cash flow for the developer.
