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Acquisition Criteria
COMVEST Properties is a volume developer of STNL properties, and a re-developer of neighborhood shopping centers, dark grocery stores, and big boxes. We work with a variety of value retailers to revive the economic vitality of these properties and reposition them to serve their respective communities. We are seeking value add opportunities in Alabama, Arkansas, Georgia, Louisiana, Mississippi, and Florida.
Property Type:
Community and neighborhood shopping centers and dark big boxes:
25,000 to 75,000 square feet,
Located at signalized intersections with high traffic counts,
Secondary or rural markets are OK,
Underperforming properties with high vacancy are OK,
Distressed, foreclosed, or financially stressed properties are OK,
COMVEST is not looking for stabilized properties!
Investment Size:
COMVEST has no minimum or maximum level of investment. Investment size is commensurate with upside potential. We will also consider the purchase of existing notes.
Closing Process:
COMVEST has a very high closing ratio on the properties actually put under contract. Typical due diligence periods range from 90 days to 180 days depending on the property. Closings can occur 30 days after the due diligence period with lender approval.
Brokers enjoy a working relationship with COMVEST because:
We never participate in the commission,
We protect brokers on off market properties and pocket listings,
We will pay the fee if the seller will not,
We treat everyone fairly,
We close a very high percentage of contracted deals! |
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Lucedale Marketplace, Lucedale, Mississippi
- Strip Center - Peebles anchor
- 49,059 SF
- $1.3 million transaction
- Net Lease Developers, LLC, development partner
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Shoppes at Popps Ferry, Biloxi, Mississippi
- Strip Center - Office Depot anchor
- 48,510 SF
- $2 million redevelopment
- Family Real Estate, LLP, development partner
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Eckerd Drugs, Mandeville, LA
- Drug Store
- 13,250 SF
- $3.25 million development
- Stirling Properties, Inc., development partner
Eckerd Drugs, Lafayette, LA
- Drug Store
- 13,250 SF
- $3.25 million development
- Stirling Properties, Inc., development partner
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Verizon Wireless store, Biloxi, Mississippi
- Single Tenant Retail
- 4,500 SF
- $1.65 million development
- Family Real Estate, LLP, development partner
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Walgreens Pharmacy Developments
- Shreveport, LA - 14,508 SF, $4.25 million development, Retail Net Lease, LLC, development partner
- Bossier City, LA - 14,508 SF, $3.35 million development, Retail Net Lease, LLC, development partner
- Lake Charles, LA - 14,508 SF, $3.50 million development, Retail Net Lease, LLC, development partner
- Sulphur, LA - 14,508 SF, $3.20 million development, Retail Net Lease, LLC, development partner
- Gautier, MS- 14,508 SF, $7 million development, Retail Net Lease, LLC, development partner
- Scott, LA - 14,508 SF, $3.35 million development, Retail Net Lease, LLC, development partner
- Carencro, LA - 14,820 sf, $2.7 Million development, Net Lease Developers, LLC
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Centre at Courthouse, Gulfport, Mississippi
- Dollar Tree anchor
- 32.000 SF
- $2.2 million development
- Family Real Estate, LLP, development partner
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CrossRoads Strip Center, Gulfport, Mississippi
- Starbucks anchor
- 5,500 sf
- $1.85 Million development
- Crossroads Partners, LLC, development partner
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Shoppes at Popps Ferry Outparcel, Biloxi, Mississippi
- Starbucks, Gamestop
- 3,580 SF
- $1.8 million redevelopment
- Family Real Estate, LLP, development partner
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Centre at Courthouse, Gulfport, Mississippi
- Citi Trends, 12,500 SF
- Additional Retail Space, 4,494 SF
- $600,000 redevelopment
- Family Real Estate, LLP development partner
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Centre at Courthouse Outparcel
- Smoothie King, 985 SF
- Additional Retail Space, 1292 SF
- $550,000 development
- Family Real Estate, LLP development partner
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Shoppes at Popps Ferry, Biloxi, Mississippi
- $1.5 Million renovation
- Family Real Estate, LLP development partner
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Centre at Courthouse Proposed Phase II
- New Construction, 9,000SF
- $1.2 Million development
- Family Real Estate, LLP development partner
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