Steven Paige Named Broker Of The Year

NAI/Merin Hunter Codman, Inc.,  announced that Steven J. Paige, a Managing Director at the firm, has been named the firm’s 2013 Broker of the Year.
Mr. Paige excels at representing some of the nation’s most prestigious institutional investors, as well as local investors, in their ownership of commercial real estate. Paige was awarded the NAI/Merin Hunter Codman distinction for completing transactions on approximately 400,000 square feet of commercial real estate space in nearly 50 transactions in 2013, including significant leasing transactions on behalf of sponsors TA Associates Realty and The Lionstone Group.
“Paige’s leasing efforts have appreciably increased the asset value for our clients TA Associates Realty and The Lionstone Group,” said Jordan C. Paul, CEO of NAI/Merin Hunter Codman.
During 2013, Steve Paige recorded over 100,000 square feet of leasing net absorption with approximately two-thirds of that for TA Associates’ properties, Centrepark Office Buildings — a portfolio of nine buildings near the West Palm Beach CBD and Palm Beach International Airport — and Northpoint Corporate Center, also in West Palm Beach.
TA Associates is one of the largest privately held real estate advisors in the U.S. Both of its West Palm Beach office properties now boast occupancy over 80 percent, in part due to Paige’s strong efforts. The remaining one-third of Paige’s net leasing absorption was for Waterfront Clematis, a signature mixed-use complex overlooking the intracoastal waterway in West Palm Beach and sponsored by The Lionstone Group, a private investment firm.
Adding to Mr. Paige’s flurry of 2013 leasing was his sale of an $18.55 million mortgage note secured by the 10-story Bank of America Tower on Flagler Drive in West Palm Beach. In that transaction, Paige represented the noteholder, a CMBS trust.
Mr. Paige, whose primary focus is landlord and tenant representation, credits his success on tenacity, responsiveness and the ability to advise landlords on what is required to enhance asset value in this extremely competitive market. Paige sites Centrepark’s ownership TA Associates Realty, as an example, with the sponsor swift to embrace upgraded concepts such as creating spec, turnkey suites ready for occupancy, and building in an upscale fitness center as an amenity for tenants at it properties.
Steve Paige is a member of the Business Development Board of Palm Beach County and sponsor of the
National Association of Industrial and Office Properties (NAIOP).