ST. PETERSBURG, FL – (August 1, 2013) – The Sembler Company has spent over 50 years in commercial real estate and it’s current business pipeline still reflects a robust and diversified range of services from third-party management and leasing, to ground-up development and acquisitions. Visit Sembler during the International Council of Shopping Centers Florida Conference, August 18 – 20, 2013 – booth number 719.
Over the last several years, Sembler has been strategically enhancing its focus on acquiring third-party management and leasing assignments. A strategy that is working, as the company’s portfolio of third party management and leasing assignments has increased substantially by nearly 900,000 SF in 2013. This number includes a significant agreement between Sembler and Community Reinvestment Partners II, LP to assume 672,259 square feet of retail, spanning Florida and Georgia.
In development, Sembler’s current, active Florida and Gulf Coast region pipeline, led by Josh Beyer, includes 585,000 square feet of retail space. His team wraps up working on the redevelopment of “Park 66” in Pinellas Park, Florida, that includes a new Wal-Mart Neighborhood market opening July 17th. Additionally, there is a new Wal-Mart SuperCenter under construction at Largo Crossroads Center in Pinellas County, Florida. The redevelopment of Nokomis Village Shopping Center is underway where the 143,697 square foot center will see a new Publix opening this November. The Florida and Gulf Coast region development team are also working on several developments in northern Alabama, including a regional retail center.
Forge Real Estate Partners III, co-sponsored by Forge Capital and Sembler, continues seeking to acquire value-add neighborhood shopping centers throughout the Southeast and Puerto Rico.
“First, Sembler strives to be the premier provider of real estate services to shopping center owners,” says Wheeler. “With expertise in development, redevelopment, property management, leasing, financial and other areas, Sembler is looking to expand their managed portfolio. Additionally, Sembler is looking to acquire shopping centers that can be improved through the application of this expertise. Finally, Sembler has a very active pipeline of development and redevelopment opportunities” concludes Wheeler.
The Sembler Company is celebrating over 50 years of creating retail real estate value. Sembler provides a full array of retail real estate services, including development and redevelopment, property and asset management, leasing and other related services throughout the Southeastern United States and Puerto Rico. Sembler has developed over 325 projects totaling 27 million square feet and currently leases and manages over 12.5 million square feet. For more information, please visit www.sembler.com.