SAGLO DEVELOPMENT CORPORATION

Transcription

1 SAGLO DEVELOPMENT CORPORATION Owners Operators Experts 777 Brickell Avenue, Suite 708, Miami, FL

2 ABOUT SAGLO Saglo is a Miami-based retail shopping center investment and management company that was founded in Through recent strategic dispositions, and by monetizing the value created in the portfolio, Saglo is in a strong capital position, allowing it to acquire shopping centers throughout Florida to continue its growth. Saglo currently owns, leases and manages several shopping centers throughout Florida and provides 3 rd party management and leasing services for other Landlords in South Florida. Through its effective leasing and management practices the company s overall occupancy level is greater than 95%. With years of experience, an aggressive leasing team and expert property management, we unlock the potential value within each shopping center. An updated list of our properties can be found at HOW WE DIFFER FROM OTHER COMPANIES The speed and flexibility of a small company with the operating systems and sophistication of a large organization. The principals of the company are directly involved on a day to day basis making sure the goals are accomplished. A full suite of services including in house leasing, property management and accounting. Investments are controlled and owned by Saglo prior to equity raise. 2

3 SAGLO PRINCIPALS Jack Glottmann, President As a University of Miami MBA graduate, Jack began his career at Saglo in Under his leadership, affiliated companies acquired and managed over 1Million SF of retail and commercial properties, and redeveloped nine shopping centers. Jack has developed and cultivated strong and cohesive accounting, acquisition, management and leasing teams and is driven to continue to improve and implement industry best-practices at Saglo. Over the years, Jack has established key relationships with leading national and local brokers, lenders, investors and real estate professionals. He is an active participant and sponsor of the International Council of Shopping Centers (ICSC) and the Urban Land Institute (ULI). Jack is deeply involved in the local community, as an active board member and sponsor of Big Brothers Big Sisters of Greater Miami since 2004, and an active member of the Entrepreneurs Organization of South Florida since Hue Chen, Vice President After graduating from University of Florida in 1999 with a major in Finance, Hue started his career in commercial real estate as a retail leasing associate with Terranova Corporation. He quickly became the top producing leasing agent year after year and carried the same success over to Woolbright Development and RAM Realty where he leased regional ground-up and mixed use developments as well as value-add and core shopping centers. Hue attributes his success to a thorough understanding of the major retail markets of Florida, strong relationships with brokers and retailers, and his ability to structure leases that best fit the goals of each investment. Hue joined Saglo during the Summer of 2012 and brought with him the unique ability to combine strong proficiencies in finance, mathematics, Excel and ARGUS with a real world understanding of retail shopping center leasing and value creation. Carlos Guzman, Vice President Leasing Carlos joined Saglo in 2014 bringing more than 15 years experience in Commercial Real Estate. Carlos is responsible for the Leasing Department, third-party Leasing and Property Management services. Carlos has negotiated leases with local, regional, and national store chains during his career in South Florida. He comes to Saglo after working with Continental Real Estate Companies (CREC) and M2 Realty Corporation. Carlos is a graduate of Florida State University with a Bachelor of Science in Real Estate and Multinational Business Operations. He is a licensed Florida Real Estate Broker and active member of the International Council of Shopping Centers (ICSC). Carlos is fluent in Spanish and has been recognized by CoStar as a Power Broker numerous times throughout his career. Carlos is actively involved with Big Brothers Big Sisters as a mentor. 3

4 MANAGEMENT PHILOSOPHY To deliver a superior shopping experience for all visitors to the shopping center s we manage; while maintaining a clean, safe and desirable environment for our retail partners in which modern business can thrive. Our Approach Work hard to understand the business goals and objectives of our owners and retail partners to help ensure mutual success. Combine the speed, agility and flexibility of a small company, with the vision, financial controls and operating systems of a large organization. Utilize one of the best accounting systems in our industry (MRI). Provide quarterly reports, including executive summary report, detailed operating cash flow statement, variance report, leasing status and balance sheet. Sample available upon request. Employ a customer-service approach founded on mutual success and respect. Detail oriented, innovative, proactive, flexible and accountable. Truly care about our clients best interests and are in the trenches daily to make sure the job gets done right the first time! 4

5 LEASING PHILOSOPHY To lease our shopping centers to 100% occupancy at the highest sustainable rents to qualified tenants, in the shortest time possible. Our Approach Identify the targeted uses through an in-depth analysis of what is needed or wanted in the market. Thoroughly understand the market rents by studying the strengths of the property, demographics, competing centers and future developments. Create a disciplined, organized strategy for canvassing, cold calling and leveraging our broad retail broker network. Optimize the tenant mix with a combination of best in class national, regional and local retailers in order to drive customer traffic, boost tenant sales and thereby their ability to justify a higher rent. Negotiate leases that provide solutions which meet the needs of both Landlord and Tenant and that are also in alignment with our Client s exit strategy. Utilize a deep pool of retail leasing experience to overcome any unforeseen hurdles. Transparent reporting of activities and progress. 5

6 WEST FLORIDA MIAMI - DADE SAGLO PORTFOLIO

7 SAGLO PORTFOLIO SUMMARY Property Name Address GLA (sq. ft.) Major Tenants Acquired Year Built Renovated SP V CP Sun Point Central Plaza Shopping Center Vista Shopping Center 3040 College Ave, Ruskin, FL Central Ave, St. Petersburg, FL N Florida Ave, Tampa, FL NW 186 th St, Miami, FL ,374 73,200 86,378 Big Lots, Goodwill, Hillsborough Tax Collector Goodwill, Family Dollar, Foot Locker, Citi Trends, Rainbow CAC Medical Center, Citi Trends, Save-A-Lot, Wendy s, Dunkin Donuts FW Florida & Waters 159, Shopping Center V Sedano s Supermarket, Navarro Discount Pharmacy F Flamingo Park Plaza 4410 W 16 th Ave, Hialeah, FL ,041 Navarro Discount Pharmacy, Goodwill, DealS, CAC Medical Center FP 901 E 10 th Ave, Flamingo Plaza 256,227 Hialeah, FL Winn Dixie, Marshalls, Family Dollar, Citi Trends PL Plaza Linda I & II SW 40 th St, Miami, FL ,584 CAC Medical Center, Rinconcito Latino 1979* 1979* 2002, 2012 J/E Jack s Shopping Center & Elie s Corner 9800 SW 40th St, Miami, FL ,243 Bank of America ** ** DP Debbie s Place 9565 SW 72 nd St, Miami, FL ,944 PK Oriental Supermarket, Latin House 1980* 1980* 2011 Total GLA: 945,111 SF * Saglo was the original developer. **Saglo developed Elies s Corner in 2001 and renovated it in

8 SAGLO PORTFOLIO PERFORMANCE $2,500,000 $2,000,000 NOI for Properties <40,000 SF (Debbies Plaza, Elies Corner, Jack s, PL I, PL II) $1,500,000 $1,000, $7,000,000 $6,500,000 $6,000,000 $5,500,000 $5,000,000 $4,500, NOI for Properties >75,000 SF (FLE, FLW, Vista) $9,000,000 $8,000,000 $7,000,000 $6,000, NOI for All Properties* * Cumulative NOI for all properties does not reflect previously owned assets and recently purchased properties (Florida & Waters, Central Plaza Shopping Center, and Sun Point). 8

9 FLAMINGO PARK PLAZA FLAMINGO PLAZA 9

10 VISTA SHOPPING CENTER JACK S SHOPPING CENTER & ELIE S CORNER 10

11 CENTRAL PLAZA SHOPPING CENTER SUN POINT 11

12 FLORIDA & WATERS PLAZA LINDA I DEBBIE S PLACE PLAZA LINDA II 12

13 PREVIOUSLY OWNED PROPERTIES

14 PREVIOUSLY OWNED PROPERTIES Property Name Address GLA (sq. ft.) Purchased Sold Additional Info Interamerican Plaza 701 SW 27 th Avenue Miami, FL , Country Walk Plaza SW 152nd Street Miami, FL , Sold to MDC and Saglo was retained as management company. Institutional partner yielded 18% IRR in 5 years holding period Palm Harbor Shops U.S HWY 19 North Palm Harbor, FL , Saglo developed and renovated the property W. Commercial Blvd. Nicole s Place 16, Fort Lauderdale, FL Saglo was the original developer SW 147 Ave, Miami, FL CVS Plaza 18, Saglo realized a 40% IRR upon the sale of the asset. 14

15 INTERAMERICAN PLAZA COUNTRY WALK PLAZA CVS PLAZA PALM HARBOR SHOPS 15

16 Title Contact Jack Glottmann (305) Hue Chen (305) Carlos Guzman (305)