Portfolio
Woodbury Office Center
Location: 2042 Wooddale Drive, Woodbury
Size: 47,971 SF
Purchase Date: June 2019
Overview
Acquired by Fallbrook Partners in June 2019, Woodbury Office Center marked the founding project of our company. Upon acquisition, the property faced significant challenges, including nearly 50% vacancy, neglected maintenance, and tenants either on month-to-month arrangements or struggling with rent obligations. Shortly after taking ownership, we learned our largest tenant could no longer fulfill their lease obligations—a situation that would typically devastate property performance.
Leveraging our extensive expertise in property management, we swiftly transitioned existing leases to gross lease structures and strategically reduced operational expenses.
These decisive actions created essential financial stability, enabling us to successfully lease the remaining spaces. Additionally, we identified and developed an infill lot at the property's forefront, significantly enhancing its overall value and profitability.
Over the past five years, we've secured new tenants for over 80% of the available spaces. Benefiting from an exceptional location along Highway 494, Woodbury Office Center now offers unparalleled visibility and accessibility, positioning it as one of Woodbury’s premier office parks. Today, the fully leased property reflects our commitment to tenant satisfaction, meticulous property management, and cultivating enduring community
relationships.
2101 Wooddale
2101 Wooddale
2101 Wooddale
Location: 2101 Wooddale Drive, Woodbury
Size: 56,031 SF
Purchase Date: September 2023
Overview
When Fallbrook Partners acquired this property in September 2023, it was operating at just 53% occupancy. It had the same level of vacancy for the previous 8 years as well. Drawing on our extensive market expertise and strategic leasing approach, we transformed the building into a thriving, fully-leased space. By August 2024, the property achieved 100% occupancy, with leases secured through the next decade!
Today, 2101 Wooddale serves as a versatile multi-use destination, accommodating office space, warehouse facilities, and a vibrant retail gym for children. This project highlights our ability to unlock the full potential of commercial properties and deliver long-lasting value.
2080 Wooddale
2101 Wooddale
2101 Wooddale
Location: 2080 Wooddale Drive, Woodbury
Size: 24,000 SF
Construction Start Date: September 2019
Completion Date: June 2020
Overview
2080 Wooddale was originally part of the 2042 Wooddale acquisition and began as an infill lot that had remained vacant for nearly four decades. After securing the adjacent 2042 Wooddale property, we proactively approached Stantec (Formerly Wenck Associates), a company actively searching for new space for over two years. Within just three months, we successfully negotiated a long-term lease agreement.
Construction commenced in the fall of 2019; however, by spring 2020, the COVID-19 pandemic presented unforeseen challenges as businesses nationwide faced closures. Despite these difficult circumstances, we secured a local tenant to lease the remaining vacancy during the height of the shutdowns, greatly alleviating investor uncertainty.
Today, 2080 Wooddale is fully leased well into the 2030s, highlighting the property's lasting value and desirability. This project underscores our dedication to providing customized and
resilient real estate solutions for our tenants and investors.
Woodhill Office Park
Location: 2145-2165 Woodlane Drive, Woodbury
Size: 35,480 SF
Purchase Date: June 2023
Overview
Acquired in an Off Market deal by Fallbrook Partners in June 2023, Woodhill Office Park originally featured 5,073 square feet of current and anticipated vacancies. Situated on Woodlane Drive, one of Woodbury's key thoroughfares, this property offers an exceptional location for attracting and retaining long-term tenants.
Through strategic leasing efforts, Fallbrook successfully filled the mezzanine spaces while retaining an anchor tenant. Today, Woodhill Office Park proudly stands as a 100% fully leased property, highlighting our commitment to delivering enduring value.