Innaloo Mega Centre

Upon being engaged by the Fini Group, Jim Tsagalis was given the responsibility of Development Manager, Leasing and Managing Agent and Landlord’s Representative for the development of the Innaloo Mega Centre and Centrelink buildings. The project was a joint venture with Hawaiian Group.

Jim’s role included undertaking tenancy mix, design, layout, coordination with tenancy fitout coordinators, architects and all tenants. The project was completed four months ahead of schedule and $250,000 under budget.

Lease Equity Director Andrew Pratt commissioned the centre and was integrally involved in the management of the centre in a highly competitive trade environment. Jim’s role was to act as Landlord’s Representative for the Fini component of the joint venture, together with delivering the project on behalf of the joint venture. Jim oversaw the development, leasing, property management and ultimately arranged, negotiated and delivered an off market sale of the property.

The ultimate sale of the centre for $17.3 million culminated in a substantial profit being generated by the joint venture partners, which was effectively delivered without agent involvement from inception to sale.