Major milestone reached by region’s premier retail real estate firm
CONSHOHOCKEN, PA – February 27, 2008 – Metro Commercial, one of the region’s largest full-service retail real estate firms, announced today it has completed a record $1.1 billion in transactions during 2007.
“We are extremely pleased to have achieved this very significant milestone,” says Steven Gartner, President, Metro Commercial. “It is a reflection of the dedication and hard work of everyone at Metro Commercial, and it certainly solidifies our standing as one of the region’s leading brokerage firms.” Metro Commercial, which in 2007 celebrated its 20th anniversary, specializes in retail tenant representation, shopping center leasing, property management, investment property sales, and construction services.
Even as retail development shows signs of slowing down, Metro Commercial maintains a strong foothold in this sector of the real estate market and remains committed to making the region more desirable for retailers, consumers, and developers. The expansion of retailers ranging from specialty lifestyle tenants to large format discount stores are partly responsible for Metro Commercial’s recent achievements, even in light of some categories slowing their growth. Last year, the firm negotiated several key transactions with major retailers while continuing its representation of some of the area’s best restaurants, banks, and shopping centers.
While industry experts foresee a competitive year for most retailers, Gartner says the Philadelphia market is still favorable for them. “Retailers still find this market desirable from a demographic perspective,” he says. “We can expect to see continued expansion in and around the Philadelphia area, with retailers maintaining an insatiable demand for quality sites.”
Media Contact:
Metro Commercial Real Estate
Michael Reisman
610-260-2671
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Metro Commercial (www.metrocommercial.com) is one of the largest full-service retail real estate firms in the region with transaction considerations exceeding $1.1 billion. Metro Commercial specializes in retail tenant representation, shopping center leasing, property management, investment property sales and construction services. With 3 offices located in Pennsylvania and New Jersey, Metro Commercial currently represents nearly 50 national retailers and serves as the exclusive leasing agent for more than 200 properties, totaling nearly 20 million square feet
