Urban Retail adds 39-asset portfolio to leasing services division
Chicago Urban Retail Properties announced that Coventry Real Estate Advisors has awarded a contract to Urban to provide leasing services for 39 assets across the country.
The properties, former Service Merchandise spaces, range in size from approximately 25,000 sq. ft. to over 70,000 sq. ft. and are located in 22 states.
“This is the second assignment Coventry has awarded Urban in the last nine months and their strong performance managing and leasing Tri-County Mall made them the clear choice for the Service Merchandise Portfolio,” said Loren Henry, Director of Asset Management for Coventry.
Urban Retail said it will review each center individually to identify a specific plan with the goal of improving sales performance and occupancy.