Friday, January 9, 2015

Thomas Smith joins Summit Realty Partners and Katz Properties as Director of Leasing

"We are pleased to welcome Tom to our team.  As the company's portfolio continues to grow, we are excited to have someone with Tom's experience to focus on brokerage and tenant relations nationwide" - Frank Normandin, President & Founder 

We are pleased to announce that Tom Smith has joined Summit Realty Partners and Katz Properties as national Director of Leasing.

Tom specializes in leading transaction management, lease negotiations, client relations, and portfolio management.  He was previously Vice President with the John Flatley Company where he managed a commercial and retail portfolio overseeing all leasing, business development, strategic planning, forecasting, community outreach, broker relations, and marketing.  He also held brokerage positions within the Boston offices of Richards Barry Joyce & partners and UGL Equis Corporation.  Tom's expertise and industry knowledge has grown extensively with direct involvement in over 250 transactions including corporate leasing, new construction/build-to-suit projects, acquisitions and dispositions, financial modeling and business development.  Tom graduated from the University of Massachusetts (Amherst, MA) with a B.A. from the College of Social & Behavioral Sciences,

Wednesday, January 7, 2015

Katz Properties sells Derry Meadow Shoppes to Slate Properties for $24.4 million

Derry Meadows Shoppes, 35 Manchester Road - Derry, NH
Derry Meadows Shoppes 35 Manchester Road, Derry, NH
Derry, NH: According to Cushman & Wakefield, Derry Meadows Shoppes has sold to Slate Properties. The Cushman & Wakefield team, led by president Robert Griffin, executive vice president Geoffrey Millerd and senior associate Justin Smith, oversaw the $24.4 million transaction of the Hannaford-anchored retail center on behalf of Katz Properties. The shopping center is located at 35 Manchester Rd.

"In addition to Hannaford, Derry Meadows features an ideal tenant roster of strong national and regional retailers, while sharing access with a recently constructed Walmart Superstore" said Millerd.  Totaling 186,997 s/f, Derry Meadows Shoppes takes advantage of its positioning along I-93. The site features visibility and combined with Walmart, Derry Meadows Shoppes is positioned in the regional shopping corridor.

"Derry Meadows Shoppes was initially constructed in 1999, but was extensively renovated and expanded between 2000 and 2004," said Smith. "As a result of these efforts, the center is positioned for long-term success in what is becoming a dynamic shopping corridor."

Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.

Click here to view NEREJ article.