Before
When Kiemle Hagood assumed management of 208 Trade Stations in September 2024, the 24-unit office/warehouse complex presented a clear opportunity for operational improvement and increased profitability. At the time of transition, the property had only eight tenants in place and was previously managed by another firm.
While the leases in place required tenants to pay their own utilities, those provisions were not being enforced. Utility accounts had not been transferred into tenant names, resulting in the owner unknowingly covering ongoing operational expenses that should have been tenant responsibilities.
After
Upon taking over management, Kiemle Hagood immediately implemented corrective measures. Tenants were notified of their lease obligations and instructed to transfer utilities into their own names, bringing operations back into alignment with the lease structure. At the same time, the team identified that existing lease agreements lacked sufficient protections for ownership. As renewals have occurred, leases have been transitioned to standardized CBA agreements, providing stronger terms and long-term stability for the asset.
In addition to operational improvements, leasing activity has significantly increased under Kiemle Hagood’s management. The property has since secured five new tenants, with two additional leases currently pending. Existing lease rates average $1.15 per square foot, modified gross, while new leases are achieving an average of $1.25 per square foot, demonstrating measurable growth in revenue and market positioning.
About Amber
This transformation reflects the impact of proactive management, strategic lease restructuring, and consistent oversight. Under the leadership of Property Manager Amber Lunceford, the asset has seen improved organization, stronger financial performance, and a more sustainable operational framework. Her attention to detail and commitment to excellence have been instrumental in driving these results.
