Expertise in positioning and repositioning assets.
NAI/Merin Hunter Codman is recognized for its strategic advisory and investment sales expertise which is complemented by the firm's expertise at positioning and repositioning properties. The key executives of the firm have in-depth knowledge of every market and sub-market in which they deal, allowing them to advise on strategic purchases and sales in an expedited manner. Such market insight also gives the firm maximum impact when determining strategies for enhancing the value of a property and maximizing sales potential. The firm advises on a wide variety of issues ranging from overseeing capital improvement and tenant improvements, to branding a property for maximum visibility, to strategic leasing designed with the long-term objective of creating maximum income to attract buyers.
The firm applies its value-added expertise to all property advisory assignments, bringing the same level of strategic focus to its clients properties as it would to its own.
Palm Beach County's Leader
Some of the firm's prior successes at positioning/repositioning properties have occurred in some of Palm Beach County's most noteworthy transactions, including:
- The $34 Million purchase and subsequent $75 Million sale of Golden Bear Plaza, a 246,000 square foot office complex in Palm Beach Gardens. Once purchased, the company supervised the multimillion dollar revitalization, repositioning and strategic leasing, and then advised on the sale of the property 2 1/2 years later for $75 Million.
- Supervised the re-branding, leasing, asset management and sale of the 190,000 square foot Financial Center at the Gardens office building in Palm Beach Gardens, helping the property to almost double in value in two years from $43.5 Million to $78 Million and advising both seller and new buyer.
- The firm oversaw the development, leasing, marketing, management and sale of Fairway Office Center, the Smart Park at PGA, for a client. The three-building complex sold for $70 Million with a total cost of approximately $41 Million.