Acquisition, Advisory & Development: Colliers represented buyer in a 1031 Exchange to acquire land for a development. UPT provided consulting and advisory through the planning process.
- Task: 1031 Exchange requirement that rolled into a new retail development.
- Challenge: First ground-up development project for sophisticated private investor. Working plans and liquor license through coastal commercial. Heavily restricted trade under coastal commission and liquor license moratorium.
- Result: Leases secured for 50% of project and actively negotiating on remaining project 6 months prior to completion. Secured flagship Qwench coffee & juice concept. Entire retail portion under contract with National credit tenant.