VMD worked hand-in-hand to buy out the in-place HSBC lease while simultaneously negotiating a lease with Advanced Auto Parts. Aside from extreme site challenges, VMD worked closely to ensure the complex construction delivery of this site was delivered on-time and in compliance with Advanced Auto’s requirements.
It was VMD’s opportunistic foresight that led it to orchestrate an immensely creative transactional structure. VMD acquired the asset at a 12% going in Cap Rate and through an intricate cash-flow recapture structure, redevelop the site to a yield of 13% Return on Cost.
