12A —November 19 - December 23, 2021 — Retail Development Reimagined — M id A tlantic Real Estate Journal
www.marej.com
R etail D evelopment R eimagined
Director of leasing brings 12 years of experience holding various responsibilities Retail leasing veteran Kevin Pelio joins Azarian Realty Co. team
IDLAND PARK, NJ — The Azar- ian Group, L.L.C. , a leading New Jersey based commercial real estate invest- ment, leasing and manage- ment firm, is pleased to an - nounce the addition of Kevin Pelio as director of leasing effective November 1, 2021. A graduate of the University of Miami Herbert Business School’s Entrepreneurship program, Pelio is rejoining The Azarian Group, having started his real estate leasing and property management career in 2009 with the company. M
Since his early career with The Azarian Group, Pelio spent eight years at Simon Property Group, a publicly traded REIT and Fortune 500 Company, where he was an integral part of the property management strategies and responsible for the execution of the inline and auxiliary leasing initiatives for assigned assets comprising of 18 million s/f of open-air outlet and regional shopping centers throughout the Northeast, Mid-Atlantic, Southeast, and Midwest. Most recently Pelio served as a senior acquisi- tions and real estate manager
for Lidl US, identifying and sourcing store expansion op- portunities for the leading German grocer. With twelve years of experi- ence holding various responsi- bilities encompassing leasing, property management, asset management, site selection and development in the com- mercial retail and office real estate industry, in the new role at The Azarian Group, Pelio will oversee and lead all aspects of portfolio leasing and strategy for the company. “The Azarian Group has had a half century track record
of extraordinary and steady growth and success. I embrace the challenge and am excited to rejoin the company with an opportunity to work alongside the entire team at The Azarian Group, as we strategically en- hance and evolve forward this dynamic and exciting portfolio for the next half century”. Pelio has a long track re- cord of leading teams through complex projects and will spearhead the implemen- tation of leasing strategies to enhance merchandising mixes, the execution of rigid lease management practices, procuring, maintaining and growing tenant relationships, and maximizing deal making opportunities. Founded in 1970, The Azar- ian Group, L.L.C. is a fully integrated property ownership and management company comprised of an 18-property portfolio, approximately 350 tenants and grossing more than 1,200,000 s/f of commer- cial real estate throughout New Jersey and New York. MAREJ Finkelstein and Huter of Goldstein Group broker 2,225 s/f lease at 787 Broad St.
Kevin Pelio
Relocation Opportunities Wanted
787 Broad St.
NEWARK, NJ — The Goldstein Group announced that T-Mobile has leased space located at 787 Broad St., Newark according to Chuck Lanyard , president of The Goldstein Group. The deal which consists of 2,225 s/f was brokered by Lew Finkelstein , executive vice president and CJ Huter , vice president for The Goldstein Group, representing the ten- ant. Marta Villa from JLL Brokerage represented the landlord, 787 Broad LLC c/o Janel Management . “The space T-Mobile chose is a highly visible location at the corner of Broad St. and Market St.”, said Lanyard. “Downtown Newark has seen a tremendous amount of development over the past decade with the Prudential Center, Performing Arts Center, Whole Foods project and several other developments. MAREJ
PENNSYLVANIA COUNTIES OF INTEREST INCLUDE: Bradford, Bucks, Carbon, Columbia, Lackawanna, Lehigh, Luzerne, Lycoming, Monroe, Northampton, Pike, Schuylkill, Sullivan, Susquehanna, Tioga, Wayne, Wyoming TYPES OF LOCATIONS WANTED: End Cap, In-Line, Drive-Thru, Free Standing
PLEASE CONTACT: Abbie Muto muto_a@sdepa.com | Cheryl Green green_c@sdepa.com (610) 366-8120 • www.sdepa.com
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