12A — July 31 - August 13, 2015 — M id A tlantic
Real Estate Journal
www.marejournal.com
M id A tlantic R eal E state J ournal
Edelman joins Meridian Capital Group as a senior managing director
With 28 years of CRE leadership experience NAI Mertz names Grove as chief operating officer
NEW YORK, NY — Me- ridian Capital Group an- nounced that Mike Edelman
ventory to help satisfy demand led to a 43.0% increase in leasing year over year. Other key markets with double-digit leasing volume gains included Stockton/Tracy, Calif. (58.8%), Phoenix (51.5%), Philadelphia (49.2%), Greater Los Angeles (17.9%), San Diego (16.1%) and Miami (13.1%). “Looking ahead, the addition of new warehouse supply will be readily met by growing e- commerce-driven demand for quality distribution product,” Morris said. “Through the re- mainder of 2015 and beyond we expect the current trajecto- ry to drive down vacancy rates even further while pushing up rents accordingly.” n man worked for Beech Street Capital, which was acquired by Capital One in 2013. Edel- man joined Beech Street after 15 years at Freddie Mac where he was a managing regional director for northeast produc- tion and sales. Edelman joins Meridian at a pivotal point in its strate- gic growth plan. After clos- ing more than $30 billion in financing in 2014, Meridian launched a premium property sales and marketing platform to better service its clients. Edelman will assist in the origination and placement of certain debt assignments generated by this group. “Having known the Merid- ian executive team and many of the firm’s talented brokers for years, stemming from my experience at Freddie Mac and more recently at Beech Street and Capital One, this role is a natural and exciting fit. It affords me a unique opportu- nity to build on the enormous accomplishments of Merid- ian in both the debt capital markets space as well as the investment sales arena,” said Edelman. n tore has joined KarMar,” said Justin M. Soss , executive vice president and COO of KarMar Realty Group. “Em- ily has more than 14 years of experience in both com- mercial and residential real estate. Pastore is a licensed real estate sales person in Penn- sylvania and holds a BBA in Financial Economics from James Madison University. n
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both JLL and Trammell Crow Company, Grove has held executive leadership positions with oversight for areas rang- ing from strategic advisory services, to occupancy plan- ning, to project management and investments. He has man- aged Fortune 500 real estate portfolios, both in-house and as a service provider, for firms that include Unisys, Cigna, Glaxo Smith Kline, University of Pennsylvania, and ACE In- surance. “NAI Mertz has been provid- ing premier real estate services to southern New Jersey and greater Philadelphia for over 30 years. Along with the NAI Mertz of PA office in Northeast- ern Pennsylvania, the firm has the ideal territory to capitalize on emerging demand from big box warehouse users or energy services firms,” said Grove. “I’m excited to join a firmwhose position as a market leader is well established and is poised for growth,” he added. n Founded in 2015, Exis was created to provide tenants and other end users of real estate with a passionate advocate at the negotiating table wherever their busi- ness operations take them. With partners based in 23 cities across four continents and growing, the organi- zational structure of Exis allows each member firm to maintain its independence and business agility while offering consistent quality of service internationally. Exis member firms rep- resent many of the largest and most respected compa- nies around the world, in- cluding numerous Fortune 500 companies as well as small, medium and large organizations in the fields of healthcare, legal, life science, technology, de- fense, higher education and professional services industries. Currently, Exis members are located in key markets throughout North America, Europe, Asia and Australia. n corporate goals rather than client services, leading ten- ant representatives world- wide have united through the creation of Exis.
team and support staff to bol- ster existing marketing initia- tives and internal processes. “Dave’s diverse background in commercial real estate cov- ers all product categories and his experience has given him perspective on both the bro- kerage end and in-house real estate operations – and his track record of success is un- deniable,” said Barry Mertz, CEO of NAI Mertz. “I’m confi- dent that Dave will strengthen our business development efforts and help us to build on our momentum of the past few years.” With 28 years of commer- cial real estate leadership experience, Grove has a sig- nificant background in large and complex transactions and has closed over $1 billion in lease, structured finance and purchase/sale deals in an array of products including office, industrial, retail, ground, in- stitutional and specialty/niche real estate. As a veteran of to be the best. We carefully vetted, and will continue to vet, each partner firm, because we are more inter- ested in having the right partners than having the most dots on a map. We want to be able to serve our clients with the qual- ity of care they get locally, wherever they require our service.” Ezra finished by stating, “We are proud to collaborate with some of the most re- spected, like-minded tenant focused firms in commercial real estate from around the globe in an industry where, frankly, landlords often hold greater sway with broker- age firms, because landlords represent a majority of full- service brokerage firm busi- ness. Partnering with Exis gives us greater insight into key markets, and strength in negotiation through working with partners of the highest integrity and greatest abil- ity from all corners of the world.” Driven by rapid consolida- tion in the brokerage indus- try, resulting in fewer firms limiting their services to tenant representation and an overall increased focus on
OUNT LAUREL, NJ — NAI Mertz , a full- service commercial
j o i ned t he Company as a senior man- aging direc- tor, report- ing to Ralph H e r z k a , Me r i d i an ’ s c h a i r m a n and CEO.
real estate f i rm s e r v - ing southern New Jersey and greater Philadelphia, ann o un c e d that David Grove has j o i n e d t h e firm as the chief operating officer. As COO, Grove will over- see the daily operations for NAI Mertz’s offices serving southern New Jersey, Bucks County, Pennsylvania, and greater Philadelphia, as well as the NAI Mertz of PA office serving northeastern Pennsyl- vania. He will be responsible for developing and executing corporate strategy focused on strengthening existing client relationships, generating new business opportunities, and working with the brokerage David Grove
Mike Edelman
by Atlanta with 17.4 million s/f and Dallas/Ft. Worth with 13.1 million s/f. “Market-level supply pipe- lines are growing but remain below the pace of demand in most markets,” Morris said. “The resulting shortage of quality space is putting a damper on leasing activity.” Year-to-date U.S. industrial leasing totals 178.9 million s/f, down from 184.3 million at mid-year 2014, with less than half of Cushman & Wakefield- tracked markets posting in- creased leasing volume. Notable exceptions include the Inland Empire, where a significant supply of new in- continued from page 2A I n c . a n - n o u n c e d t h a t Em - ily Pastore has joined the firm as a vice presi- dent. “We a r e pleased to announce that Emily Pas- Emily Pastore Edelman will be respon- sible for originating new debt opportunities, augmenting existing client relationships, and providing leadership of Meridian’s national agency business. He will also play a central role in sourcing and placing loans generated by Meridian’s newly-formed in- vestment sales platform. Edelman joins Meridian from Capital One Multifam- ily Finance where he was a senior vice president respon- sible for northeast region agency production, managing several regional production teams and overseeing the company’s Freddie Mac rela- tionship. Prior to Capital One and beginning in 2011, Edel-
The Ezra Company Joins Exis Global Commercial Real Estate Organization
Pastore joins KarMar Realty WEST CHESTER, PA — KarMar Realty Group,
WASHINGTON, DC — The Ezra Company , a com- mercial real estate company
exclusively represent - ing business owners and c o r p o r a t e real estate d e c i s i o n makers, has joined forces with 16 oth-
Mark Ezra
er leading commercial real estate firms across the globe as an Exis member firm. According to Mark Ezra , an Exis board member and chief operating officer of The Washington, DC-based Ezra Company, which has ad- ditional offices in Bethesda and McLean, “The Ezra Company is always looking for innovative ways to pro- vide additional services to our clients. By joining Exis as a member firm, The Ezra Company has significantly expanded our global reach. Through our membership in Exis, we show our clients that we are there for them, wherever their real estate needs take them.” Continuing Ezra said, “We formed Exis, not to be the largest brokerage firm, but
U.S. industrial sees favorable conditions with strong market demand
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