Fox Point Shops
1995Year Acquired |
15Total Tenant Suites |
Convenient access in the heart of the North Shore.
Parking, value, and an outstanding service location in the heart of the North Shore. Join our medical, health and wellness, salon and lifestyle tenants in this beautiful neighborhood shopping center.
When General Capital acquired the property in 1995, high vacancy and low retail traffic suggested pure retail use was no longer viable. Originally anchored by a Kohl’s foodstore, the shopping center was better suited for a mix of neighborhood-oriented shops and professional services. General Capital successfully re-oriented the project as a service center that includes office, medical, dental and other services.
A significant exterior renovation was completed in early in 2010. The center is now anchored by Wheel & Sprocket and General Capital’s corporate offices.
KEY THEMES
- Fox Point Shops was General Capital’s first acquisition, marking the start of a long-term, generational investment strategy.
- The property sits at a highly visible corner in Fox Point, offering strong access and everyday convenience.
- The center was repositioned from a high-vacancy retail space into a thriving service-driven destination.
- Full occupancy has been consistently maintained through strong leasing and active management.
- Ongoing updates, including a major exterior renovation, have kept the property competitive and well-maintained.
RESULTS
- The property has delivered steady cash-on-cash returns with reliable long-term performance.
- It operates as a low-risk, low-volatility asset within the portfolio.
- A diverse tenant mix includes office, medical, dental, and service-oriented businesses.
- Fox Point Shops has become a recognizable community staple with a strong local presence.
- The center is anchored by Wheel & Sprocket and General Capital’s corporate offices.
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