In 2013, Investors Realty took over the management and leasing of property located at 80th and Cass Street owned by the Mitchell family. The property consisted of a vacant medical building, a vacant house that had been converted to an office, three residential houses and vacant land, none of which was profitable. J.P. Raynor and R.J. Neary developed a plan to convert the medical building to multi-tenant use by creating a common area corridor and to fully lease both buildings. Medical office space was quickly leased to Midwest Pulmonary (now subleased to Methodist Health System) and Davita Home.
This past spring, the entire property was sold to Grief’s Journey, an organization serving children and adults who are grieving a death, serious illness or injury. Founded in 2001 as Ted E. Bear Hollow, Grief’s Journey had been leasing space from Children’s Hospital. As the hospital began its planned expansion, Grief’s Journey turned to Ryan Zabrowski and Ryan Kuehl for help finding a new property.
A growing organization, Grief’s Journey is using the vacant converted house for its current needs with plans to begin construction this fall on a 7,800-square-foot modern facility on the property. The organization’s location allows it to serve people from all over the Omaha metro. In addition, the current and future property will meet Grief’s Journey’s objectives of providing a comfortable and safe environment for clients and a campus-like feel with the opportunity to collaborate with other non-profit organizations.
Due to our ability to take on a troubled property and turn it around, lease it and ultimately sell it, Investors Realty now manages a sizeable portfolio of properties for the Mitchell family. We are grateful for the opportunity to work with the Mitchell family and Grief’s Journey, an important organization that has helped so many in our community.
This article appeared in our company newsletter in September of 2019. Please click here to download the entire newsletter.