Location:
Creve Coeur, MO
Building Size:
93,351 SF
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Creve Coeur Pavilion
Creve Coeur Pavilion (“CCP”) is a 93,000 square foot class “A” lifestyle center that generates superior, distributable cash flows to Altus’ investors.
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Thorough underwriting is a key pillar in the Altus strategy for value creation and capital preservation. CCP featured several key elements, including an infill location and strong rent roll. CCP is located in the heart of one of St. Louis’ most affluent suburban communities. Premier, brand name tenants such as St. Louis Bread Co., Romano’s Macaroni Grill, Stir Crazy and California Pizza Kitchen, along with AMC Theatres, the 2nd largest theater chain in the United States are located at CCP. |
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When purchased, the project was 20% vacant, facing tenant turnover. Altus implemented an aggressive marketing program that lifted the occupancy to 100% in a short period of time. We maximized value through diligent oversight and strong internal controls, utilizing our vertically integrated operating platform. |
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Altus controlled risk through meticulous due diligence and thorough review and quantification of the capital expenditures necessary to address deficiencies and broaden the asset’s appeal in the marketplace. |
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Further, Altus understands that tenant retention is a key to success. At CCP, we focused on providing an environment and services that allow our tenants to excel. We understand our tenant’s needs and objectives and incorporate them within Altus’ Strategic Performance Plan, transforming the tenant/landlord relationship into a partnership. This approach has proved successful and our tenant retention remains strong. |
Thru pre-acquisition underwriting and ‘hands-on’ management, we provide our investors with a strong and stable return as this infill property continues to enjoy 100% occupancy. |
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Saint Louis, Missouri 63141 
Case Studies - Retail