Baker Storey McDonald Properties

Property Management

Focused on the operation, management, and development of retail centers for regional and national retailers.

BSM Properties focuses on the operation, management, and development of retail centers traditionally leased to regional and national retailers. We increase value of our managed retail centers by:

  • Managing for sustained growth in value
  • Optimizing operating costs while maintaining a quality appearance
  • Improving the tenant mix

Balanced Expectations

We balance commercial real estate ownership goals with tenant expectations. Our intent is to meet and exceed your expectations from the beginning of the project to it’s completion. These are a few of the benefits BSM Properties brings to you:

  • Comprehensive reporting and cost control recommendations
  • Clean communication and follow up
  • Experienced professionals partnering with owner to achieve goals

Landlord Services

Baker Storey McDonald Properties offers a full array of services to meet the needs of landlords. Baker Storey McDonald Properties represents owners of retail properties by providing Project Leasing, Property Management, Surplus Property Dispositions, and Investment Sales Services. Baker Storey McDonald Properties is able to offer its clients superior service as a result of its full-service platform.

Project Leasing

The retail project leasing team at Baker Storey McDonald Properties, Inc. has experience in leasing a wide variety of project types ranging from specialty centers to enclosed malls. The group also has great working relationships with the local and regional brokerage community. The team has completed transactions with nearly every anchor and regional tenant active in the central south including:

We understand how to create and retain value in retail properties while being accountable to our clients through implementation of the following strategies and policies:

  • Project redevelopment and repositioning
  • Tenant mix analysis and targeted marketing efforts
  • Development of marketing plan for each project
  • Monitor local benchmarks against property rents and performance
  • Regular reporting to our clients
  • Relationships with local retailers
Investment Sales

BSM represents third party private and institutional clients in retail and shopping center investment sales transactions throughout the southeast.

Today’s market requires real expertise in the ever changing world of retailers and shopping centers to successfully sell retail investment properties. As massive store closings are creating a glut of available space for prospective tenants, investors and owners are realizing that property values are based more than ever on the tenant’s perspective because rents increasingly drive investment returns when leverage is limited. The following advantages provide us with this required expertise:

  • Our tenant contacts and X Team affiliation provide immediate and accurate information on retailer expansion/contraction; a critical factor in asset decisions
  • BSM’s on-going involvement in leasing, tenant representation, and surplus property disposition transactions identify current and future space market trends
  • Recent transactions BSM has completed for lenders and other unusually motivated landlords demonstrate what pricing it takes to get deals done today and in the future

We sell investment properties by tailoring our marketing strategy to the specific asset rather than the “one size fits all” mass marketing strategy used by many national firms. Our approach has proven very effective in today’s market because in many cases there are a limited number of truly qualified buyers for certain assets. In addition to directly engaging active buyers that have a proven track record, we invest the time to dig through property ownership databases and “turn over rocks” to find the strongest prospects.


FEATURED LISTINGS

Hattiesberg, MS - Turtle Creek Mall

 BSM Properties Featured Listing
1000 Turtle Creek Dr.
Hattiesberg, MS  39402

Available:
134,234 SF  Sale 8.31 acres

This is a unique opportunity with sale/lease back and repositioning alternatives. This former Sears was built in 1995 at the Turtle Creek Mall in Hattiesburg, MS. The building contains 134,234 SF on 8.31 Acres. Zoned B-5 Regional Business District. Renovated in 2012.

Birmingham, AL – Burger King

 BSM Properties Featured Listing
7757 Crestwood Blvd
Birmingham, AL  

Available:
2,645 SF  Sale

2,645 SF single tenant net lease. 1,930,000 offering price. 5% cap rate on current income. Adjacent retailers include Walmart, Ross Dress for Less, and Party City. Area restaurants include Chick Fil A, Starbucks, Olive Garden, and Arby’s. Burger King renewed for 10 years in 2017. Corporate Burger King lease.

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