Management & Leasing

Underground Atlanta

In April of 1999, O’Leary Partners, Inc. acquired an 88-year leasehold interest in Underground. At the time of purchase, the center was approximately 46% leased, of which 75% of the remaining tenants’ leases were expiring within six months. Through aggressive leasing and management, the project is approaching an occupancy level of 90%. Underground Atlanta comprises a total of 225,000 square feet of leasable space situated on 12 acres located in the heart of Downtown Atlanta. O’Leary Partners, Inc. is responsible for managing the entire complex. In addition to managing the commercial facilities for the partnership, our firm also has contracted with the City of Atlanta to manage the plaza areas of Underground Atlanta and two parking decks that total more than 1,200 parking spaces.

Underground Atlanta is primarily leased to national, regional and local retail merchants with some office tenants as well. The experience that O’Leary Partners, Inc. has gained at Underground Atlanta gives us a network of contacts to call upon and the ability to utilize our many relationships with a wide variety of retailers and government officials.

Greenbriar Mall

In 2005 O’Leary Partners, Inc. was selected by Hendon Properties to manage and lease Greenbriar Mall (679,072 GLA). O’Leary Partners, Inc. also co-brokered the sale of Greenbriar Mall. Mall management works closely with the local government and community to enhance the Mall’s exposure and build support in the trade area. Our aggressive property management team and leasing agents have Greenbriar Mall currently 98% occupied. Specialty Retail has increased revenues by 101%. In 2008, the management team reduced expenses and increased net operating income by well over $1,000,000.

Golden East Crossing

In October of 2008 O’Leary Partners, Inc. was selected by Hendon Properties to manage and lease Golden East Crossing (574,172 GLA) located in Rocky Mount, North Carolina. Since then, O’Leary Partners has evaluated and addressed several cost cutting procedures resulting in a 16% reduction in operating costs. Golden East Crossing has also attained a 97% occupancy rate through strong leasing efforts.

North DeKalb Mall

In November of 2009 O’Leary Partners, Inc. was selected by Hendon Properties to assist in the redevelopment of North DeKalb Mall (634,000 GLA) located in Decatur, Georgia. The redevelopment will include three new anchor stores while also re-tenanting the inline and specialty tenants. O’Leary Partners is spearheading the leasing efforts.

South DeKalb Mall (Sold)

O’Leary Partners, Inc. purchased South DeKalb Mall in December 1996. South DeKalb Mall’s average sales grew by over 62%, from $185 per square foot in 1996 to approximately $300 per square foot in 2000. Additionally, net operating income for the project increased from $3.4 million to approximately $4.3 million. These remarkable results were achieved through strict budget management, aggressive leasing and gaining local support by getting the property actively involved with the community.