Alberta, Canada, twenty seventh August 2024, ZEX PR WIRE, R2 Capital Companions, a outstanding actual property funding agency, proudly publicizes the achievement of 100% occupancy at Rothesay Centre in Saint John, NB, following the profitable lease agreements with three key tenants. This milestone marks a major accomplishment, elevating the Centre from 77% occupancy on the time of acquisition simply two years in the past.
Along with filling vacancies, R2 Capital Companions has made substantial investments in updating the curb enchantment and implementing varied different enhancements aimed toward attracting extra tenants and clients. These enhancements have considerably elevated the general expertise for the group, positioning Rothesay Centre as a premier purchasing vacation spot within the area.
Among the many new tenants, Fit4Less—a budget-friendly health model underneath GoodLife Health—has taken up a primary 20,000-square-foot area, additional complementing the Centre’s various retail choices. The swift execution of this lease underscores R2’s agility and experience available in the market.
Past tenant leasing, R2 has additionally secured auxiliary income streams, together with a Digital Billboard lease to Pattinson and a cell tower lease to Rogers. The agency has additionally recognized and carried out a number of extra revenue-generating alternatives by making efficient use of beforehand underutilized areas of the property. These strategic strikes not solely improve the worth of Centre but additionally ship distinctive returns for our traders.
“We are extremely pleased with the outcome of our team’s efforts at Rothesay Centre,” stated Brock Rogerson, Managing Accomplice of R2 Capital Companions. “The combination of full occupancy, significant property improvements, and new revenue streams highlights our commitment to delivering value to both our tenants and investors.”
Fit4Less joins a various lineup of nationwide and regional tenants, together with Atlantic Superstore, Staples, Hashish NB, Starbucks, Sheppard Chiropractic, and Maritime Bus, solidifying Rothesay Centre’s place as a number one purchasing vacation spot in Saint John.
R2 Capital supplies particular person traders with entry to institutional-grade actual property property, specializing in necessity-based retail, workplace and residential actual property; sourcing alternatives each on and off-market throughout North America.
From acquisition to disposition, R2 Capital oversees all the funding lifecycle in-house, leveraging prime expertise in authorized, acquisitions, financing, property administration, leasing, and different very important areas.