Commercial Real Estate Investment Group Taps Avison Young as Property Manager
CINCINNATI, Dec. 5, 2024 /PRNewswire-PRWeb/ -- Experimental Holdings, a Cincinnati-based commercial real estate investment group focused on asset acquisition, reinvestment, redevelopment and partnering opportunities (https://ehllc.com), announced today it has acquired Outlets & Marketplace Williamsburg in Williamsburg, Iowa, and has selected global real estate advisory firm Avison Young, the previous property manager, to continue its work with the property, increasing its scope of services to include leasing and marketing services for the shopping center.
"Outlets & Marketplace Williamsburg is a tremendous addition to the Experimental Holdings portfolio," says Brett Connelly, Real Estate Director with Experimental Holdings. "With a stellar location just off I-80, the center is poised for growth; by tapping into the vision and expertise of our reinvestment team, we expect to make valuable improvements that will create positive change and attract additional top-name tenants to the property."
"By combining Experimental Holdings' plans for the future of Outlets & Marketplace Williamsburg with the creative event programming and placemaking that Avison Young will bring to the table, we are looking forward to delivering an entirely new kind of customer experience for our guests," says Kristie Wetjen, general manager of the shopping center. "We are excited to see what the future holds and how these experienced visionary teams will help maximize the center's potential and make it an even stronger hub within the community."
About Experimental Holdings
Experimental Holdings is a Cincinnati commercial real estate investment group with a core focus on asset acquisition, reinvestment, redevelopment and partnering opportunities. The firm has become increasingly entrenched in the communities it serves by reinvesting in under-performing commercial real estate assets, creating investment value, employing a hands-on approach to operations and maintenance strategies, and providing improved tenant services to create increased asset stability, better tenant retention, development collaboration, and to deliver maximum value to the asset holder. To learn more, visit https://ehllc.com.
About Outlets & Marketplace Williamsburg
Outlets & Marketplace Williamsburg is one of the largest regional retail shopping centers in Williamsburg, Iowa, conveniently located off the I-80 near the University of Iowa, UI Health Care Medical Center, and the many research facilities in Iowa City. Featuring more than 260,000 square feet of outlets and traditional retail stores, the center offers a mix of national and local tenants, including well-known retail brands like Nike Clearance, Columbia Factory Store, Lee Wrangler Clearance Center, Under Armour, Eddie Bauer, Old Navy, Coach and Rack Room Shoes; popular eateries like McDonald's and Arby's; and a host of beloved local tenants like Bryant's Chill & Grill, Williamsburg Community Child Care, and farming and construction equipment retailer Cove Equipment. Outlets & Marketplace Williamsburg is managed and leased by Avison Young, a full-services global commercial real estate firm that provides transaction, property and project management, financial and advisory services across all sectors to owners and occupiers. To learn more, visit https://shopomw.com.
About Avison Young
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community. Avison Young is a 2024 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 13 consecutive years. To learn more, visit https://www.avisonyoung.us.
Media Contact
Deborah Blackford, Blackford and Associates, 714-280-8765, [email protected]
SOURCE Experimental Holdings
Share this article