A rescue and turnaround strategy to restore value

The situation at the 7-storey office building at 180–182 Broadway called for a strategic overhaul. Short term leases required restructuring to provide long-term certainty for the landlord and to restore the property’s value and operational efficiency.

Scarborough Group took action by restructuring the anchor tenant's lease, renegotiating operational contracts, and introducing a fresh leasing strategy for the retail space. These targeted efforts reversed the asset’s decline.

The strategy was highly successful: Full occupancy was achieved, tenant retention and satisfaction improved significantly, and the building was repositioned to allow occupiers and the landlord to upkeep their obligations. Scarborough Group’s strategic expertise returned a problematic asset back to stability, allowing for growth.