New Player Enters Retail Market

Calkain Companies is heading south.
The Washington, D.C.-based triple net lease specialist is opening an office in Fort Lauderdale to complement its office in Tampa.
Patrick Nutt, Calkain’s recently promoted managing director, is relocating from Tampa to open the Fort Lauderdale location for Calkain.
The firm also hired industry veteran Michael Zimmerman as a vice president. He has successfully closed more than $350 million in investment sales in South Florida. Zimmerman worked at RJS Realty until last November and previously served as a vice president of Investments at Marcus & Millichap.
“In South America we’ve seen a significant uptick in dollars coming from companies like Colombia and Venezuela in the past couple of years,” Nutt says. “They still look at the U.S. as a safe haven.”
Calkain will operate in South Florida much the same way it does in other markets: by focusing solidly on the triple net lease niche. Calkain has offices in Reston, Va., Washington, D.C., Tampa, Wilmington, Del., and Boston.
Source: GlobeSt.