Strategic Hurdle
The situation at the 7-storey office building at 180–182 Broadway called for a strategic overhaul. Short term leases required restructuring to provide long-term certainty for the landlord and to restore the property’s value and operational efficiency.
Transformative Actions
Scarborough Group took action by restructuring the anchor tenant's lease, renegotiating operational contracts, and introducing a fresh leasing strategy for the retail space. These targeted efforts reversed the asset’s decline.
Success Story
The strategy was highly successful: Full occupancy was achieved, tenant retention and satisfaction improved significantly, and the building was repositioned to allow occupiers and the landlord to upkeep their obligations. Scarborough Group’s strategic expertise returned a problematic asset back to stability, allowing for growth.