Archive for March, 2014
NAI/Merin Hunter Codman Heightens Inroads Into Medical and Tech Office as Clusters in Palm Beach County Expand
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, announced two new leasing and property management-related transactions in the medical and technology office niches, illustrating the firm’s continued impact and inroads into those sectors. NAI/Merin Hunter Codman was assigned leasing and property management responsibilities for a Class-A medical/tech office campus in Jupiter near to Scripps Research Institute, and negotiated a medical office lease at a trademark downtown West Palm Beach Class-A office building.
“We continue to see Palm Beach County office properties on short lists for medical and technology office space users,” said Jordan Paul, CEO of NAI/Merin Hunter Codman. “It’s a trend initially sparked by leading-edge research institutions drawn to the region, but now medical and technology clusters are widening in breadth.”
NAI/Merin Hunter Codman was awarded the leasing and property management assignment for Jupiter Medical and Technology Park, a 16-acre medical/technology office campus located at 1701 N. Military Trail in Jupiter. The park has a central location in Jupiter’s burgeoning medical/tech district, which includes renowned facilities such as Scripps Research Institute, Max Planck Florida Institute, as well as Jupiter Medical Center. Jupiter Medical and Technology Park, within minutes of those institutions, features a 186,000 square-foot, one-story facility. The building is a bright facility with an open configuration that can accommodate a variety of medical and technology uses. Building features include an attractive circular-driveway and entrance pavilion, windows looking out on to lake views and lush landscaping, and enhancements are underway for the building façade. The campus is minutes from I-95 and Florida’s Turnpike with countless restaurant and retail amenities in the immediate vicinity.
To read the full press release, click here.
NAI/Merin Hunter Codman Hires Top-Ranking Commercial Real Estate Broker; Adds to Senior Ranks of Property Management
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, today announced a trio of executive placements. In the first of the announcements, the firm said that Richard E. Economou has joined the firm as a Managing Director. Mr. Economou brings over 30 years’ experience to NAI/Merin Hunter Codman working with some of the nation’s top institutional investors including Travelers, Aetna, CIGNA and Citigroup.
NAI/Merin Hunter Codman simultaneously announced that Michael Bowden has joined the firm as a Senior Property Manager. Mr. Bowden has over 25 years of diverse commercial real estate experience having advised on, managed and disposed of over $500 million in commercial real estate assets.
In the third of today’s announcement, NAI/Merin Hunter Codman noted that it promoted Spencer Grossman to a Director position at the firm. Mr. Grossman was the firm’s Broker of the Year in 2013, and his momentum in sales and leasing continues with a bevy of recent transactions throughout Florida, ranging from office and retail property transactions to healthcare-related, mixed-use and more, illustrating the broad scope of Mr. Grossman’s capabilities.
To find out more information on each executive placement, click here to read the full press release.
Mr. Merin will be the speaker at today’s Alliance of Corporate Real Estate Executives & Specialists (ACRES) luncheon in Boca Raton. He’ll be giving the National Recovering Commercial Real Estate Overview where he’ll be discussing how the housing market recovery is fueling a mild commercial real estate recovery, and at the same time improving debt markets are creating better loans thereby driving prices up.
ACRES is primarily a networking group for principals of real estate related entities and senior real estate executives with the purpose of establishing and promoting a “think tank” committed to the exchange of ideas, networking, and best practices among all of its members.
It evolved from a tight group of six or so professionals who met monthly starting in 2005 for lunch to discuss current issues facing the real estate industry, has never charged any dues, operates with no written rules but instead is governed by a few gentlemen’s agreements. Generally, it has been the consensus of the group to admit any principals of any real estate developers, owners, investors, contractors, financiers and the like and typically just one representative from each major discipline of real estate-related service provider professions in the South Florida marketplace.
You can find out more information about the group from their LinkedIn page.
The Lipsey Company is the international leader in training, consulting and coaching for the Commercial Real Estate industry. Every year they accept votes to place the top 25 most recognizable CRE brands. Over 100,000 votes were cast and we’re proud to announce that NAI Global ranked in the top 5!
Click here to to see all 25 brands that made the list.
The Honda Classic is one of our favorite local events. This year NAI/Merin Hunter Codman invited an exclusive list of top commercial real estate brokers, who specialize in office leasing, to our second annual Honda Classic Luncheon showcasing the Fairway Office Park in Palm Beach Gardens. Friday’s luncheon was well received by all and featured a delicious lunch catered by Aaron’s Catering, libations, and raffle prizes. After a few sandwiches and laughs, each guest received a Bear Trap ticket and shuttle transportation to the Honda Classic. Thank you to all who joined us, and we look forward to next year.
More… Thursday, NAI/Merin Hunter Codman invited our hardworking accounting team to get out and enjoy some South Florida Sunshine at the Honda Classic. As you can see in our event pictures below, they enjoyed the well needed break and apparently do know how to have a good time.