Asset Management & Leasing Services
Asset Management
Within the First Street family of companies is First Street Development. First Street Development has contracts with several franchisees and operators of concepts such as: Taco Bell, Panda Express and KFC in the business of Asset Management and Lease Restructuring. We can analyze your portfolio, identify an Asset Management Strategy and work tirelessly at maximizing the return on your business.
Benefits of working with our team include:
- Secure longer term on strong assets, while reducing fixed costs
- Improve store level P&L without implementing new store operation initiatives
- Maintain the Landlord / Tenant relationship by using a 3rd party representative
- Reduce overhead & required resources, freeing operations personnel to focus on the business
- Generate remodel dollars and Landlord’s assistance to modernize the store portfolio
Leasing
In addition to investment sales and portfolio management, First Street Inc. offers clients assistance with leasing and tenant management as part of its suite of services. Vacancies are a part of commercial real estate, and First Street Inc. is adept at sourcing leasing brokers in specific markets and procuring tenants to fill space nationwide. A&C Ventures, the main client of First Street Inc., owns 163 properties over 35 states and vacant or dark properties arise in the ever-changing commercial real estate landscape. First Street Inc. plays an integral role in managing leasing brokers and dealing directly with national tenants to fill vacancies. Instead of waiting for the tenant to give notice they are vacating, First Street Inc. proactively communicates with tenants well before lease expiration or option notification dates so that the client is fully aware of the status of their investment.
