J. Wright / California Retail Properties Corp
Resume and management experience as of 3/2021
California Retail Properties Corp., is a management arm of several entities that own multiple Commercial properties and developments in multiple states and manages them, long distance.
LongDistanceManagement.com is a newly built web site that will be engaging in teaching commercial property owners to manage their shopping centers, office buildings and malls coast to coast and up to 3,000 miles away.
We are a unique national management and leasing consulting company, mainly for our own properties. Our team sets up a system to reposition mix zone commercial and residential properties for the highest and best use (redevelopments) including but not limited to setting up an on-site management, creating websites and certain phases of improvements.
An on-site general manager(GM) runs the daily activities of any location and reports directly to the comptroller, director of leasing and collection department at the headquarter in Torrance California. The business owner(s) and prospective tenants can access the GM six days a week on any issues related operation consisting leasing, maintenance requests and rent collection.
Our website will not only bring prospective tenants, but also promote the businesses which gets updated daily. Prospective tenants can view the vacancies and submit inquiries and applications online. We run a very tight shift and strive to have a 100% occupancy in most properties.
We believe that, if existing tenants are not happy with the property management, there would never be any prospective tenants. We also believe that unless the tenants are spoiled, there will be a time that they will move out. We further believe in building amenities that are not offered in the community in order to attract more prospective tenants.
Although we cooperate with national brokers on commission payments to lease the vacancies, we occasionally use outside brokers to bring new tenants, but we do not exclusively use them to lease the spaces.
We reposition Shopping Centers, malls and office buildings to have out of the box businesses. We target Restaurants, Sport Centers, Religious Facilities, Entertainment Industry, as well as pro e commerce businesses to lease in our properties. We cater to low to medium size of businesses (recession proof) to either have a startup or business expansion. We seek unusual ways to bring traffic to office buildings, shopping centers and malls.
The property prior to being placed into service will be renovated from both the interior/exterior as well as the marketing standpoint and façade. Any obstacles that decrease the visibility will be removed (in one project we have taken out as many as 23 trees up to 70 feet tall). The property will be redeveloped with pylon, monument and directional signs at all the entrances. The façade will be changed both on the outside and the inside. We are very aggressive in marketing covering billboards, radio ads, local newspapers and social media ads.
Repositioning malls (brick and mortar) and redeveloping it after Covid -19 is our main forte. As the retailers such as Sears, Target and JC Penny will go out of business, we either retrofit or redeveloped the location with recession proof types of businesses that are pro sport, pro education and pro activities in order to invite the general public to get out of the house and utilize them.
Depending on the property, we add multiple amenities such as a conference rooms, gym, exterior gazebo, lounge and break room. The usage of the amenities are free of charge. We believe in creating an atmosphere that is healthy to work at, and at the same time stress free. All maintenance requests of the businesses is in writing and has a twenty four hours turn around.
We set up annual networking dinners for the business owners to get to know each other and new tenants, mingle and present their business models. We like to create a “no stranger” environment so that the business owners do not feel like strangers walking down the hallways or the parking lot. We have a much less turnover due to the friendliness, amenities and the level of service that is unmatched in the industry.
As a developer and national management firm we believe that development, management and leasing go hand in hand. You can engineer a product but if it cannot be built in manufacturing, what is the use? You can develop or redevelop a property but with no on and off site professional management, it will fail. We have managed and we still manage multiple national tenants and governmental agencies such as the County of Fresno, Family Dollar, Subway, V F Outlet, Dress Barn, Kitchen Collection, Bon Worth, Maurices, Leggs Hanes, Vitamin World, Rack Room Shoes, Pet Supply World, Uniform Destination, Beall’s outlet, Planet Fitness, Avis / Budget and an Antique Mall plus many others.
Depending on the project, we create one or multiple “Event Centers” or a “sport complex” that can accommodate up to few hundred or even thousand people, mainly for weddings, functions, meetings, birthday parties, large events, conferences, and sport activities at regional and national level. The events bring in the flow of traffic and revenue that helps the businesses and increases profitability.
Since we have an out of the box mentality, we meet the challenges of the local people and offer them services that is unmatched in their local area.
We have gone as far as placing large churches in the malls and mixing local and national tenants to help each other for customer satisfaction. We often request comments from our business owners and pay a lot for referrals for new businesses.
Shopping Center / Malls Ownership / Management 1997 - Present
California Retail Properties Corp. is based in Torrance, California and has owned and managed multiple apartment buildings in Los Angeles basin areas comprising over thirteen buildings of 550 residential apartments. We repositioned and manage the following shopping centers, office buildings and malls that covers approximately 1.0 M sqft in multiple national cities including Jackson – Mississippi, Crossville – Tennessee, Birmingham – Alabama, Selma – California, Irvine -California, Rancho Palos Verdes – California, Titusville – Florida and Torrance – California.
Pyramid Medical Office Park (Our Headquarter) Purchased 2014
Harbor Cove Plaza Purchased July 2017
Irvine Business Center - Purchased 10/2014
Selma Plaza 3726 – 3880 McCall Ave, Selma CA 93662 purchased 2/2010 Sold 10/2017 to purchase Titusville Mall
Jackson Square Promenade 2460 Terry Road, Jackson MS purchased 2/2010
Crossville Outlet Center 228 Interstate Drive Crossville TN Purchased 11/2014
Parkway Square 1240 Center point Parkway Birmingham Alabama purchased 2008 and sold 2012
Desoto Plaza 1219 Main St. Southaven Mississippi purchased 2008 and sold in 2017
Titusville Mall (Formerly Sears Town Mall) 3550 S. Washington Ave Titusville FL
As of December of 2020 the property is going through zone change and entitlement for a 170,000 Sq ft of power center that would include a sport complex, Planet Fitness, antique mall, Cinema plus multiple other national tenants. A 153 room hotel, 206 garden style apartments and 120 independent senior living and also 12,000 Sq ft Restaurants.
Hotel Operation: I have been involved in several hotel operation in Las Vegas Nevada and Redondo Beach California in addition to the approval of Clarion hotel in Summerset Pennsylvania. I am familiar with the front desk operation and POS and reservation system. I have negotiated multiple contracts with the airlines and government for placing clients in low seasons. I am fully familiar with food and beverage in restaurant operation. I have hired GM as far as Hong Kong and syndicated hotel projects. Titusville Mall Choice hotel will have an observation deck over the 7th floor with full view of the rockets being launched. Website developments: are a part of managing a center or a mall. We have a group of developers and designers and customer service to build websites and optimize them to be on top of search engines. Presently we have over 350 domain names mainly in Christian Dating and social media.
Education: BS Degree in Mechanical Engineering – University of Oklahoma December 1978; BS Degree Aerospace Engineering – University of Oklahoma December 1980 ;Private Pilot License – May of 1985
RECOMMENDATION LETTERS FROM LENDERS AND PAST SELLERS AND BUYERS, UPON REQUEST
California Retail Properties Corp.
22939 Hawthorne Blvd, Suite 100 Torrance, California 90505
Office: 310 465 0311; Cell: 877 337 6869; Fax: 310 465 0031;