Real Estate Consulting
Full-service commercial brokerage
Aspect Company offers clients full-service commercial brokerage services across investment sales, leasing, development, and corporate real estate.
Investment Sales
Aspect has a team of professionals that is consistently recognized in the industry. Aspect recognizes that every deal is unique and offers services tailored to the client. Aspect services include quiet, off-market deals for those who value discretion, as well as exclusives for owners seeking a full market launch.
We work with institutions, REITs, and private investors seeking to maximize their real estate position and strategies for properties ranging from portfolios of owned real estate and non-performing loans to single-tenant net leases, multi-family properties, hotels, industrial parks, and corporate headquarters.
We maintain relationships with buyers of investment and development properties and continually track activity along product type, value range, and geographic area. We offer teams who specialize in specific sectors of investment sales and acquisitions, the structuring of sale-leasebacks, and finance for first mortgage, mezzanine, and construction loans.
Landlord Advisory
At Aspect we do more than find tenants for our landlords. We help landlords understand where their asset sits in the market and what it will take to meet their financial objectives, then market the property to a broad base of potential tenants and cooperating brokers.
Our process gives landlords a stabilized occupancy, allowing landlords to have cash flowing assets and ensuring their ability to keep properties well maintained and desirable in the market. Our integrated services platform combines dedicated, accountable professionals, process management tools, technology, and consistent processes with our local market knowledge.
Tenant Representation
Aspect works on your behalf to eliminate the work and time required to find the right commercial property. Regardless of your parameters for your leasing requirement, Aspect will make a deal that works for you by ensuring your needs are met and that the terms of your lease match your requirement.
Our process is straightforward. We know the submarkets, we do the analysis, and we negotiate on your behalf so you can put your time and energy into running your business.
Development Consulting
Our capabilities include due diligence, pre-development, development consulting, project management, sustainability planning, move coordination, and lender representation. We offer a full range of services within each of these categories, from high-level strategy and consulting to project management services and other daily processes.
Aspect's development partners have more than 100 years of combined experience in architecture, construction management, engineering, investment, and other real estate related disciplines, and are active participants in every project. Their cross-disciplinary, total-project perspective brings new ideas to our work and fosters an entrepreneurial culture where projects are staffed, planned, and managed according to the needs of each client.
We provide the expertise, resources, and focus required to manage real estate and development projects in today's highly complex construction market. By offering complete technical and financial visibility, we minimize cost overruns, drive projects to completion, and protect the reputation and financial interests of our clients.
Corporate Services
Businesses today rely on Aspect to align their real estate, facilities, and workplace strategy with their core business plan. Aspect delivers customized, accountable, and innovative solutions that result in the best service experience.
Our account managers specialize in understanding the unique needs of your organization and act as an extension of your real estate department. Our services assist with establishing your market needs, including geographical footprint and occupancy planning, and experience managing integrated services engagements. This creates a competitive advantage for your company by providing a flexible partner that understands the impact to your core business and focuses on driving a measurable return on investment.
Market Sectors
The commercial property types we work across, and how each one is generally classified in the market.
Retail
Strip Center
Strip centers are smaller retail properties that may or may not contain anchor tenants. An anchor tenant is simply a larger retail tenant which usually serves to draw customers into the property. Examples of anchor tenants are Wal-Mart, Publix, or Home Depot. Strip centers typically contain a mix of small retail stores such as restaurants, dry cleaners, and nail salons.
Community Retail Center
Community retail centers are normally in the range of 150,000 to 350,000 square feet. Multiple anchors occupy community centers, such as grocery stores and drug stores. It is also common to find one or more restaurants located in a community retail center.
Power Center
A power center generally has several smaller, inline retail stores, but is distinguished by the presence of a few major box retailers, such as Wal-Mart, Lowes, Staples, or Best Buy. Each big box retailer usually occupies between 30,000 and 200,000 square feet, and these retail centers typically contain several out parcels.
Regional Mall
Malls range from 400,000 to 2,000,000 square feet and generally have a handful of anchor tenants such as department stores or big box retailers.
Out Parcel
Most larger retail centers contain one or more out parcels, which are parcels of land set aside for individual tenants such as fast-food restaurants or banks.
Industrial
Heavy Manufacturing
This category of industrial property is a special use category that most large manufacturers would fall under. These properties are heavily customized with machinery for the end user, and usually require substantial renovation to re-purpose for another tenant.
Light Assembly
These structures are much simpler than heavy manufacturing properties and usually can be easily reconfigured. Typical uses include storage, product assembly, and office space.
Flex Warehouse
Flex space is industrial property that can be easily converted and normally includes a mix of both industrial and office space.
Bulk Warehouse
These properties are very large, normally in the range of 50,000 to 1,000,000 square feet. Often these properties are used for regional distribution of products and require easy access by trucks entering and exiting highway systems.
Office
Classification
Office buildings are usually loosely grouped into one of three categories: Class A, Class B, or Class C. These classifications are relative and largely depend on context. Class A buildings are considered the best in terms of construction and location. Class B properties might have high quality construction but a less desirable location. Class C is everything else.
Central Business District
Office buildings located in the central business district are in the heart of a city. In larger cities, and in some medium sized cities, these buildings would include highrises found in downtown areas.
Suburban Office
This classification of office space generally includes midrise structures of 80,000 to 400,000 square feet located outside of a city center. Cities will also often have suburban office parks which assemble several different midrise buildings into a campus-like setting.
Multi Family
Garden Apartments
Suburban garden apartments started appearing in the 1960s and 1970s as young people moved from urban centers to the suburbs. Garden apartments are typically 3 to 4 stories with 50 to 400 units, no elevators, and surface parking.
Midrise Apartments
These properties are usually 5 to 9 stories, with between 30 and 110 units, and elevator service. These are often constructed in urban infill locations.
Highrise Apartments
Highrise apartments are found in larger markets, usually have 100 or more units, and are professionally managed.
Land
Greenfield Land
Greenfield land refers to undeveloped land such as a farm or pasture.
Infill Land
Infill land is located in a city and has usually already been developed, but is now vacant.
Brownfield Land
Brownfields are parcels of land previously used for industrial or commercial purposes but now available for re-use. These properties are generally environmentally impaired.
Hotels
Full Service Hotels
Full service hotels are usually located in central business districts or tourist areas, and include the major flags.
Limited Service Hotels
Hotels in the limited service category are usually boutique properties. These hotels are smaller and do not normally provide amenities such as room service, on-site restaurants, or convention space.
Extended Stay Hotels
These hotels have larger rooms and small kitchens, and are designed for people staying a week or more.
Special Purpose
Special Purpose
The categories above cover the major types of commercial real estate. However, there are plenty of other types of commercial real estate that investors construct and own. Examples include self-storage, car washes, theme parks, bowling alleys, marinas, theaters, funeral homes, community centers, nursing homes, and churches.
Aspect Company
How can we help?
Call us or submit a business inquiry online. We will get back to you with recommendations based on your particular needs.