For over 40 years, we’ve built our reputation on a successful history of well-conceived projects, timely implementation, maximum profitability, and long-lasting relationships with our tenants, partners, lenders, and communities.
Kihei, Maui, HI
Located in South Maui, Pi’ilani Village was The Krausz Companies' first project in the Hawaiian Islands. The 148,821 SF shopping center is anchored by Safeway and features a unique tenant mix of national and regional tenants highlighted by Outback Steakhouse, Starbucks, Maui Tropix, and ABC Stores. The center also includes a professional medical facility which is home to the Kihei-Wailea Medical Center, Kimera Physical Therapy, Maui Diagnostic Imaging, and Clinical Laboratories of Hawaii.
After acquiring this property from the original developer partially-leased, we constructed additional leasable area and successfully implemented a leasing plan focused on serving both the local community and the seasonal tourist trade in order to sustain consistent revenue twelve months out of the year. Today, Pi’ilani Village is the dominant neighborhood center in the marketplace.
Shoppes at puente hills
City of Industry, CA
Following its disposition of the reimagined Puente Hills Mall, The Krausz Companies retained ownership of a majority of the single-tenant outparcels surrounding the development. Upon the expiration of a long-term lease to Firestone Tire and Auto Center, we recaptured the site for redevelopment.
After implementing an extensive hazardous materials clean-up due to the previous use of the site, we successfully redeveloped the site as a pedestrian friendly, multi-tenant, retail and restaurant-focused shopping center with wide sidewalks and outdoor patio seating.
At disposition in 2011, tenants at this Class-A development included Panera Bread, Chipotle, Vitamin Shoppe, T-Mobile, Jamba Juice, Wing Stop, and Niko Niko Sushi.
PUENTE HILLS MALL
City of Industry, CA
The Krausz Companies turned this dying regional mall into a premier one-of-a-kind experience in Southern California. We secured high-quality anchors and increased annual non-department-store sales by $100 million before selling the property in 2003 in what was the largest-ever TIC transaction in the United States at the time.
To set Puente Hills Mall apart from the competition, we focused on creating unique entertainment and retail experiences unlike anything else in the region. This wholesale renovation included the construction of a 20-screen, state-of-the-art AMC multiplex on the site of a former Broadway department store, the reimagining of the mall’s center court as an indoor park complete with meandering koi-filled streams and ponds, and the introduction of sector-leading big-box book and music, electronics, sporting goods, entertainment and fitness retailers into former in-line and department store space. These large-scale improvements stimulated demand for space in the interior mall, where occupancy stabilized at over 90% and included a broad mix of national and regional mall tenants. The Krausz Companies further added value by developing over 75,000 square feet of retail on newly created outparcels.
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Prior to its acquisition by The Krausz Companies, Inc., the 1.2 million square foot Puente Hills Mall had been all but abandoned by tenants and customers. Occupancy was less than 50% and rapidly declining, non- department-store sales had collapsed to under $20 million per year, and a majority of the mall’s anchor department stores had closed or were slated to close.
Upon its disposition in 2003, Puente Hills Mall had regained its status as a leading retail and entertainment destination in the southern San Gabriel Valley, with annual non-department-store sales exceeding $120 million and climbing.
>>"The Puente Hills Comeback” - National Real Estate Investor
PHOENIX CORPORATE Center
The Krausz Companies modernized and revitalized this functionally-obsolete 1960s-era office building into one of the premier buildings in the Central Phoenix market. This full-scale remodel included a building-wide asbestos remediation, comprehensive building modernization, and extensive redesign of interior and exterior common areas. Creative design and construction methods were employed to efficiently convert the building’s existing exterior balconies into interior space, resulting in both increased occupancy and a net increase in leasable area. During renovations, our team worked closely with the Phoenix brokerage community to create excitement about the new project, resulting in full occupancy for most floors as soon as they were completed.
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At acquisition, this property was substantially vacant due to outdated structural features which were no longer compatible with market demands, the extensive presence of asbestos containing materials throughout the building which had frustrated prior renovation efforts, and decades of inattention.
At completion, occupancy stabilized at over 90%, with a tenant mix that included three of the most prominent law firms in Phoenix. The Krausz Companies sold the restored, class A, 26-story Phoenix Corporate Tower to an institutional buyer in 2007.
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San Juan Capistrano, CA
The Krausz Companies, Inc. worked directly with biotech firm The Nichols Institute (now a unit of Quest Diagnostics) to design, entitle, and construct this hundred-acre campus to house its corporate headquarters and cutting-edge reference laboratory facilities in the face of extensive municipal, environmental, and budgetary challenges.
The project was both an economic and environmental success, delivering first-class facilities that exceeded client expectations with maximized efficiency and cutting-edge technologies.
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At the time this tenant was a rapidly-growing young company with great promise but limited financial resources and credit. The land, surrounded by public wilderness and miles away from most infrastructure, was the subject of intense community scrutiny. These circumstances prevented the client from successfully developing the project prior to The Krausz Companies' involvement.
We devised a sale-leaseback and financing structure in order to overcome concerns about the tenant’s credit. Green construction and land-planning solutions were implemented to alleviate environmental concerns in an affordable, efficient manner, resulting in widespread public approval from groups which had initially opposed the development, including The Audubon Society, which would come to hold its regular meetings at the finished campus.
HITACHI KOKI USA
The Krausz Companies acquired undeveloped land from a national industrial developer who had been unable to secure a tenant during its multi-year holding period. We developed a build-to-suit 210,000 SF, state of the art logistical warehouse for Hitachi Koki USA.
RANCHO CUCAMONGA DISTRIBUTION CENTER
Rancho Cucamonga, CA
When acquired, this 1,430,000 SF multi-tenant industrial property had significant current and pending vacancies. Approximately 63% of the space was vacant or expiring within 30 months and 90% within 48 months. The Krausz Companies implemented aggressive tenant retention and leasing programs leading to the sale of this stabilized, leased portfolio in 2012.
Las Vegas, NV
The Gramercy Las Vegas is a best-in-class 20-acre mixed-use development located at the 215 Beltway and Russell Road in the southwest Las Vegas valley. The completed first phase includes both the commercial Gramercy I and II buildings and The Residences at the Gramercy.
The Krausz Companies, along with local partner WGH Partners, acquired the uncompleted project for $20 million in 2013. The development partners sold The Gramercy I and II in April of 2017 for $61.75 million, and sold The Residences for $45 Million in 2018.
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Initial construction had commenced on what had been known as “Manhattan West” in 2006, and then was halted abruptly when the original developer walked away from the development in 2008 at the height of the economic crisis. After an extensive redesign that included the implosion of a partially-completed nine-story condominium tower, construction of a nine-story-tall freeway-visible pylon sign and substantial upgrades to planned fixtures, equipment, and public spaces, the project delivered keys to its first office tenant in the summer of 2014 and the residences welcomed its first occupants in spring of 2015.
Gramercy I and II comprise approximately 190,000 square feet of Class-A office and retail space located in two buildings built around a central plaza. Major office tenants include HMS, Liberty Mutual, CalAtlantic Homes, Bank of Internet, and Regus. The central retail plaza includes multiple regional restaurants, a specialty coffee roaster, full-service nail salon, a nutrition center, and a boot camp style fitness center which also provides 24-hour gym access to apartment tenants at The Residences.
The Residences at The Gramercy Las Vegas comprise 160 luxury apartment units in two four-story buildings surrounding a desert garden court featuring a pool and spa deck with community pool house and multiple semi-private resident gathering spaces featuring fire pits and outdoor kitchens, all with a view of a fifteen-foot video wall showing movies and sports events based on resident demands. The apartments, a mix of studio to three-bedroom units with and without lofts, all were built to condominium construction standards and feature top-end fixtures and finishes, with exterior units featuring views of the Las Vegas Strip, Red Rock Mountains, and Las Vegas Valley.
Both the offices and the residences benefit from private subterranean parking garages, a hugely-desirable but rarely-found amenity in the marketplace due to the prohibitive cost of excavating the dense, iron-rich caliche soils prominent in the valley.
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