We began leasing and managing Altadena Square in 2005. At that time the occupancy was 50% and had struggled to stay full since it was built. Our first order of business was to get the Property’s NOI to at least a breakeven level by bringing more tenants into the center and reducing operating costs.
We were able to surpass this goal and achieve full occupancy less than 18 months later. The two most important steps were to proactively seek out new tenants and give the center a cost effective face lift with improvements to the parking lot and building facade.