Asset Management & Leasing
Asset Management
Asset management and lease administration is a major part of Drake’s operations. Operating retail properties efficiently is the key to maintaining occupancy and profitability. Drake’s view of property management is that there is no substitute for hard work. Managing properties is a daily job that requires constant attention. Drake has developed systems to ensure each property has the appropriate amount of on-site management and that the terms of the lease documents are being administered. Drake has created a calendar tracking system and a library of documents that have evolved over a decade of transactions. Drake prepares, negotiates and manages all of its documents internally. This attention to detail gives the company a large competitive advantage. Drake has developed a loyal network of consultants and contractors that can respond quickly to the needs of Drake’s properties.
Leasing
Leasing is the most critical part of effective shopping center operations. Drake’s core business strategy is to always understand the marketplace and be educated about market terms. Over the years, Drake has formed strong relationships with the brokerage community and has developed successful strategies for managing brokers and marketing properties. By taking a hands-on approach to leasing, Drake has been able to negotiate better lease terms because of its knowledge of the property, construction, trade area and market conditions. Drake believes in forming long-term relationships with its tenants and is fully accessible to address their needs and concerns. From local retailers to franchisees to national retailers, this philosophy has created repeat business with our tenants.
