Posts tagged Spencer Grossman
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., Palm Beach County’s leading commercial real estate services firm, is pleased to announce that Spencer S. Grossman has been elected as a Shareholder and Principal in the firm.
Mr. Grossman, a graduate of the Pine Crest School in Fort Lauderdale and Dickinson College is a 15-year commercial real estate veteran who specializes in retail investment sales and leasing. Mr. Grossman joined NAI/Merin Hunter Codman in 2010 after spending several years working with Marcus and Millichap and American Commercial Realty.
Mr. Grossman has consistently been a top producer throughout his time at NAI/Merin Hunter Codman and was named the firm’s Broker of the Year in both 2012 and 2014.
Mr. Grossman’s institutional clients have included C-III Capital Partners, Lone Star Funds, CW Capital, Related Group, Nuveen Asset Management and The Blackstone Group. He has also represented both landlords and tenants in retail leasing transactions with several national tenants including Chase Bank, Bank United, Dunkin Donuts, the Dollar Store, Stein Mart and AT&T. Mr. Grossman’s recent investment sales have included Square One, a 205,000 square foot Home Depot anchored retail plaza located in Stuart, the Marketplace at Hillsboro, a 112,000 square foot retail plaza located in Coconut Creek, Florida, 1425 Gateway Boulevard, a 28,000 square foot former charter school located in Boynton Beach, and the Shops at Casa Costa, the retail component of the Related Group’s Casa Costa mixed-use development, also located in Boynton Beach.
Jordan Paul, Chief Executive Officer for NAI/Merin Hunter Codman stated “We are very pleased to welcome Spencer Grossman as a Principal and Shareholder in our firm. Spencer is an extremely talented broker whose broad based knowledge of commercial real estate and the retail markets has made him an outstanding asset for our firm and his clients. Spencer’s contacts, expertise and analytical ability have allowed him to bring great value to landlords, tenants, buyers and sellers in structuring creative and complex transactions. We look forward to his continued contributions towards our success.”
Spencer Grossman stated “I’m extremely grateful for this opportunity. NAI/Merin Hunter Codman is a first class organization that is committed to all around excellence, in business and our communities, and I look forward to continuing that tradition.”
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West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, today announced that Spencer Grossman, Director of Retail Services, has been named the firm’s 2014 Broker of the Year. Mr. Grossman closed a plethora of noteworthy deals, pointing to increasing momentum occurring in South Florida commercial real estate markets in general. Mr. Grossman co-brokered the sale of a prime, $13.5-million waterway parcel in Palm Beach Gardens (former site of Panama Hatties) that is expected to become a mixed-use condominium/retail complex with a possible hotel component. Grossman says the deal is indicative of rising land sales in South Florida as capital once again seeks footholds of growth in prime markets. Strong interest was also focused on adaptive reuse of commercial properties. Grossman negotiated the purchase of a Pompano warehouse that will be converted into a Boomers Volleyball Academy, as well as the sale of a former big-box furniture store in North Palm Beach, Carl’s, which will be converted into an outdoor/fisherman’s paradise for Bass Pro Outdoor World.
“Spencer Grossman continually applies creative solutions to commercial real estate, and those solutions are successfully transitioning properties from soft real estate cycles to emerging upward cycles,” said Jordan C. Paul, Chief Executive Officer of NAI/Merin Hunter Codman. “Spencer’s ability to understand both market dynamics and key financial drivers has resulted in maximized value for our clients.”
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West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, today announced that it negotiated the sale of a big-box retail building in northern Palm Beach County, the former Carl’s Furniture, to Bass Pro Outdoor World for $5.5 million. The 76,000 square-foot building is situated in a prime location on US 1, close to the waterfront, marinas, and some of Palm Beach County’s most affluent residential communities. Bass Pro is the nation’s leading outdoor retailer and well known in Florida as a place to gear-up and learn skills for adventures in the great outdoors. The new Bass Pro site, in North Palm Beach, will be its first in Palm Beach County and adds to nine company locations in Florida. Details on plans for the new location have yet to be disclosed. Carl’s Furniture, once among the top 100 furniture retailers in the US, filed for bankruptcy in 2011. The sale of its landmark building continues the trend of adaptive use of former big-box buildings.
“This is an ideal location for Bass Pro,” said Spencer Grossman, Director at NAI/Merin Hunter Codman. “Northern Palm Beach County has solid economic growth, high-income household formation, and a plethora of outdoor adventure opportunities.” Grossman and Neil Merin, Chairman of NAI/Merin Hunter Codman, represented property ownership in the sale.
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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.
NAI/Merin Hunter Codman, Inc., announced that Spencer Grossman, Senior Commercial Associate at NAI/Merin Hunter Codman, has been named the firm’s Broker of the Year.
Grossman closed a plethora of noteworthy commercial property transactions in Palm Beach County, helping to continue the firm’s stretch as the county’s top ranked commercial property brokerage firm. Grossman’s high production included several alternative uses for distressed assets, providing renewed optimism that imaginative solutions will help clear the backlog of properties on the market.
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West Palm Beach, FL — NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, today announced that Spencer Grossman, Senior Commercial Associate at NAI/Merin Hunter Codman, has been named the firm’s Broker of the Year. Grossman closed a plethora of noteworthy commercial property transactions in Palm Beach County, helping to continue the firm’s stretch as the county’s top ranked commercial property brokerage firm. Grossman’s high production included several alternative uses for distressed assets, providing renewed optimism that imaginative solutions will help clear the backlog of properties on the market. Grossman continues the strong precedent set by his father, Jay M. Grossman, who helped found NAI/Merin Hunter Codman with Neil E. Merin more than 20 years ago and grew it into one of the most respected commercial property brokerage firms in the state.
Click here to read the full press release.