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About
History
In 1950 Jim Wallace started acquiring prime real estate through Wallace Oil Company in the Atlanta Metro Area for convenience stores and land investments. Over a period of 50 years Jim Wallace developed over 100 convenient stores. A few of these properties are still owned today by the family.
In 1969 Wallace Retail Properties (“WRP”) was formed to serve as the development arm for Wallace Oil Company convenience stores.
As WRP evolved, it began developing retail strip centers in the Atlanta Metro Area, as well as anchored shopping centers in the Southeast and Midwest.
As a privately held company, WRP takes a selective approach to development and acquisitions to ensure a successful project for WRP as well as our tenants.
Leasing
Wallace Retail Properties handles leasing for all of its properties. Our experience securing anchor and high quality tenants in high traffic locations give merchants the opportunity for success. Our leasing department also takes a consultative approach with tenants making sure we understand business goals and long term sales initiatives to set up the best leasing structure for them.
Asset and Property Management
Wallace Retail Properties owns all of the properties in its portfolio and take pride in our day to day operations. We provide comprehensive services in asset management, tenant relations and property management and continually seek ways to enhance the investment value of the property. Our property management team consists of a group of highly seasoned experts that take care of the day to day needs of our tenants with efficiency and professionalism.
Services
Services:
• Operations
• Engineering
• Maintenance
• Marketing
• Accounting
Acquisition
At Wallace Retail Properties, our investment focus is on long-term value and exceptional care of the property, as well as creating an environment where our tenants can be successful. Our acquisition team handles all aspects of the purchase including site selection, analysis, due diligence and financial structuring. Currently, our focus is on acquiring well positioned income producing properties that have a value add component, which can either be realized in the short or long term.