U.S. Properties Group has a mission to create value and realize profit through the “UpCycling” of centers by implementing ground-breaking applications in the acquisition, development, renovation and management of retail properties. “Upcycling” is a term the company employs to recognize their use of green methodology in recycling of building materials and saving the local community money by reducing the need for landfills. These applications add value and bring tenants to properties that meet the needs and desires of the community. According to owner Gordon Wiebe, U.S. Properties Group makes a point of taking every piece of the demolished or re-configured space and not have it end up in a landfill. “I know we’ve gone up to a 98% usage of discarded materials into a recycled product in some cases and our tenant conversions also utilize recycled building materials,” said Wiebe. The company also works together with the local community to ensure that its shopping centers meet the wishes of the residents. U.S. Properties Group has also proven its ability to attract tenants that aren’t already in the trade-area. “The end result is a much better product for the community than originally envisioned and therefore an “upcycling” of the center,” stated Wiebe.
U.S. Properties Group brings an extensive list of services to the table that sets it apart from other firms. It currently has a national retail portfolio encompassing four million square feet. The company has kept its focus on the value enhancement of troubled retail projects since the acquisition of a portfolio consisting of 23 shopping centers from Glimcher during 2002. U.S. Properties Group earned a reputation as a nimble firm with its experience of leasing in excess of 2.5 million square feet of retail vacancies. According to Wiebe, the company knowingly acquired a portfolio that had a 50% vacancy rate with the majority of the dark space being due to Walmart relocating to new sites. U.S. Properties Group was able to release the vacancy with higher rental rates and add value to the portfolio. Wiebe explained the company has the financial, management and leasing resources to ensure a timely and worry-free occupancy for its new tenants and has established solid relationships with tenants of power and large community centers throughout the Midwest and Southeast.
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