SRS Real Estate Partners has added a team of five retail real estate professionals to its staff. The new members of the Atlanta office, who were previously with Catalyst Retail Group, have joined the rebranded version of Staubach Retail Services in order to tackle the current market cycle, Palmer Bayless, senior vice president, tells GlobeSt.com.

"We're expanding our core business beyond traditional services to manage services for distressed assets," says Bayless. "SRS will allow us to have a national, full-service platform that will give us the ability to expand our reach nationally with existing and future clients and relationships."

New members of the team include Bayless; Brad Westbrook, who will serve as vice president; Adrienne Crawford and Tim Mittelstaedt, who are associates; and Julia Rechsteiner, who is the transaction coordinator. The office will focus on prospecting and representing buyers and owners of opportunistic value-add properties, as well as manage services for existing owners.

In addition, the Atlanta office will work on lease transactions within the market. Over the past month, the firm has completed more than 90,000 square feet of retail agreements, including two new Hobby Lobby locations. The retailer has signed a 45,000-square-foot lease for a former Goody's space at Barrett Pavilion in Kennesaw, owned by Developers Diversified Realty, and a 40,000-square-foot lease at Perimeter Village in Dunwoody with landlord Weingarten Realty. SRS also brokered a deal for Shoe Carnival, which has signed a 10,000-square-foot lease at Camp Creek Marketplace in East Point with landlord Retail Planning Corp.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.