Leasing
For some companies, development projects are merely commodities to be sold as needed to finance other construction or appease Wall Street investors. At Cafaro, we consider our developments a bond with the community and part of our legacy. We still own and manage nearly all the projects we’ve built. As much as any family grows and matures over the years, we renovate and expand our properties as markets evolve. Prudent renovation and reconfiguration is easy for us because we know our projects and markets so well. To accommodate the changing demographics of Fredericksburg, VA, as well as tenants desires for outdoor venues, we’ve added a lifestyle component to our Spotsylvania Towne Centre. Other centers will undergo a similar metamorphosis as marketplace demands dictate.
Just as we know our markets, we know our tenants. When you’ve been in business for six decades, you learn to recognize and nurture relationships with the very best...tenants who’ve become part of the corporate family. Our dynamic mix of powerful anchors and popular in-line tenants is a product of our reputation for dealing honestly and efficiently with retailers. As a privately-held company, we’re able to make decisions quickly, free from the burden of massive bureaucracy. The result: Long-term tenant relationships and occupancy levels of over 90%.
