Ford Properties, LLC
Ford properties is a full service privately held real estate Company that currently holds properties that are multi-tenanted. The company was founded 15 years ago and has engaged in ground up development, value-add centers in the office and retail sector and has an extensive background in debt placement, acquisitions, and dispositions.
To view current lease opportunities, please click on the name of the desired location/property
The center was purchased in 2003 for $3.9 million and is a value-added project. At that time the center was 35% vacant and GE, a large tenant occupying 33% of the center, was leaving in less than 2 years which essentially would have brought vacancy up to 68%. A concise repositioning plan was implemented covering leasing to higher quality tenants and major property improvements. A strategic decision was made to focus on medical tenants given the age of the population in the community and the general stability of medical tenants. The parking lot was replaced as well as a large portion of the roof. The interior of the building was upgraded and modernized to be more appropriate for a better quality tenants. The center is currently 70% office 30% retail.
Krebs Center- Pittsburgh, PA
The center was purchased in 1999 for $2.0 million and is essentially a redevelopment and land play given the property is older and needed upgrades, but is located in a strong retail corridor. Most of the roof was replaced, the parking lot was refurbished and most HVAC units were replaced. A leasing program was instituted focusing on medical tenants given the age of the population in the community and the general stability of medical tenants. A new tenant is a state-of-the-art urgent care center that is an affiliate of a local hospital.
Tony Center-Pittsburgh, PA
The center is a ground-up development project that was built in 1998 for a total cost of $1.4 million. The center’s focus in on smaller local tenants and is located on a corner that has one of the highest vehicle traffic counts in Pittsburgh, PA. The average vacancy for surrounding retail property is less than 5%.
Crossroads Common-Pittsburgh, PA
This office building was purchased in 2002 for $2.1 million and is value-added project. The former owner was an absentee owner and the building was low quality inside and outside. Upon purchase, all interior common areas were refurbished, the roof and parking lot were replaced, most of the HVAC equipment was replaced and interior build-outs have been brought up to a higher standard.
Development Opportunity-
Ford Properties currently owns a pad ready site for approximately 2700 square feet situated between Crossroads Commons office building and next to a newly built Walgreens Pharmacy at one of the highest vehicle count intersections in Western Pennsylvania with a household income demographic of $125,000.
The Site-
The site can be land leased or we will develop a build to spec for perspective tenants. The site can be expanded from a 2700 square foot building to 8000 square feet of office and/or retail.
* These assets are owned privately.
Ford Investment Properties also purchases properties and manages them for our investors that come to us through private equity raising through the Broker/Dealer channel. These properties can be disclosed to you once a request is made by your licensed financial representative. The licensed financial representative must determine if you are suitable and qualified as an "Accredited Investor" ( as defined under Rule 501a of Regulation D).
