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For over 30 years, J. Herzog & Sons, Inc. (JHS) has specialized in the redevelopment of properties throughout the nation.
In 1901, Joseph Herzog founded J. Herzog & Sons. At that time, the company was a manufacturer of quality tuxedos and men’s wear with a store front in Brooklyn, New York. Difficulties in the men’s clothing business prompted Martin Herzog, Joseph’s grandson, to redirect the company’s efforts into real estate.
Martin H. Herzog, founder and CEO, created his Denver-based real estate company with one core philosophy: investing in existing real estate that can be redeveloped or repositioned in the market. JHS began acquiring and renovating residential and multi-family properties in the Denver area. With the success of these initial ventures, Mr. Herzog expanded his business and began to aggressively acquire and renovate strip centers and enclosed shopping centers throughout the nation.
Today, JHS is a full-service real estate company with in-house leasing, management, marketing and accounting departments. JHS is recognized as a dynamic shopping center developer with a reputation for success. JHS currently owns 14 shopping centers with over 4.6 million square feet of gross leasable area. In addition to retail properties, JHS also invests in other assets including hotels, restaurants, industrial, office, existing companies and mineral rights.
JHS started its ventures into the hospitality field by purchasing the Knoxville Hilton, a 317 room full-service hotel in 2004.
JHS has further diversified the portfolio into the restaurant industry and will be opening 25-30 restaurants in the St. Louis metro area.
Asset Management
At JHS, we look beyond traditional sources of revenue for ways to increase the value of an asset. With a broadbased understanding of financial and legal issues, JHS ensures the long-term stability and continual growth of all our assets.
Property Management
JHS provides expert management services to all of our properties. Through detailed and solid management approaches, we are able to improve the performance and enhance the value of our properties. On-site staff employed directly by JHS manages all of the enclosed mall properties. Our mall managers are responsible for responding to the needs of our tenants, managing contractors, organizing marketing events and aiding in the leasing of vacancies.
Strip centers are managed by a combination of managers from the Denver office, local contractors and leasing agents. The combination of these individuals insures that tenants' needs are constantly met and that the property is maintained in a professional manner.
Construction Management
Superior management and attention to detail is critical to the success of construction projects. Our managers provide detailed analysis of new leases to ensure that our tenant improvement projects are completed on time, on budget, and are satisfactory to our tenants. Our experience over the years has provided a valuable source of design and construction knowledge that results in attractive projects at budget pricing.
Marketing
Being a part of the community is important to JHS. Our National Marketing Manager works closely with all of our Mall Marketing staff to insure innovative marketing events occur frequently at our centers. These programs are aimed at increasing sales and traffic to our properties, while also establishing each property as an integral part of the community.
Accounting
JHS provides "in-house" accounting services to all of our properties. A full staff of accounts payable, receivable and property accountants insure the timely receipt and payment of all billings. Quarterly reporting, including detailed financial statements, are prepared and forwarded to all investors and lending institutions.
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