Our Success Stories are Shining Examples of our Retail Expertise.
Heidenberg Properties Group owns, develops, manages and leases a diverse portfolio of open air shopping centers and retail properties. Whether we are faced with repositioning, leasing, refinancing, or debt relief challenges, we act quickly and efficiently to create successful solutions and results-oriented opportunities. Here are some of our stories.
SHELBY TOWN CENTER
Shelby Township, MI
THE POTOMAC MARKETPLACE
HERSHEY SQUARE SHOPPING CENTER
THOMPSON SQUARE SHOPPING CENTER
Heidenberg Properties attributes its success in the pandemic to the active engagement of its tenants, service providers and lenders. The developer understood that each of these components were uniquely affected by the various stay-at-home orders and other government restrictions and were determined to find mutually agreeable, if not ideal solutions. The upside was that this dislocation of “normal” created opportunities and Heidenberg Properties was determined to take advantage of them. In addition to redeveloping Hershey Square and creatively adding uses to the Berlin Mall, Heidenberg Properties is in the process of negotiating new leases to spur development across its portfolio. According to Chief Operating Officer Jason Lazar, “The coronavirus pandemic has brought uncertainty, stress and disruption to virtually every walk of life. It was critical for us to rally as a team, engage all of our stakeholders and work tirelessly to manage through it- together. However, we are in the business of adding value and that means both taking advantage of and creating opportunities to make our portfolio stronger. At Hershey Square, Thompson Square, the Berlin Mall and other properties in the portfolio, there have been isolated victims, but those situations have allowed us to fine-tune our tenant-roster, add the type of retailers and non-retail users who have successfully evolved, and strengthen us for the years to come.”