(Recently sold)

Shute Park Plaza was acquired by Kensington Investment Group in 2014 and was quickly sold in 2015, where it produced a leveraged yield of 89%. At the time of purchase the property was 35% vacant with numerous tenants on month to month or near lease expiration. Kensington was able to acquire the property at a significant discount and through aggressive management and leasing, brought the property to 94% occupancy within a year of ownership.