Justin Siemens has joined Stiles as director of Commercial Real Estate Development in its Real Estate Investment Services Group.
Siemens is focused on sourcing new commercial development opportunities in core markets throughout Florida as the company aims to grow its retail and office development pipeline in the Southeast. Based out of Stiles’ headquarters in Fort Lauderdale, Siemens is reporting to Stiles Chief Development Officer Robert Breslau.
“Justin’s prior experience provides a wealth of benefit to Stiles,” said Breslau. “He is a true deal hunter who can be creative in arranging complex transactions. Also, due to his diverse background, he brings a comprehensive approach to a transaction and can manage challenges that might surface from acquisition to development.”
A native of Florida, Siemens’ background spans more than 12 years in local commercial development and finance, previously serving with industry-leading shopping center REIT, Federal Realty Investment Trust (NYSE: FRT), where he oversaw FRIT’s Florida portfolio, managed financial operations and implemented key value-add and redevelopment strategies. During his time with FRIT, Siemens was also a financial analyst for the Trust’s east coast acquisitions department, covering major markets in the Northeast, Mid-Atlantic and Florida.
Prior to FRIT, Siemens was acquisitions director at Compson Holding Corporation, an affiliate of Florida-based Compson Development, where he was responsible for deal origination, financial analysis, and capital sourcing and structuring for commercial real estate development and acquisition opportunities across a range of product types. He also has considerable capital markets experience having held positions with BankAtlantic Commercial Mortgage Capital, Cohen Financial and Holliday Fenoglio Fowler.
In his new position with Stiles, Siemens is responsible for originating new development transactions, including land acquisitions and properties for redevelopment. Stiles has more than 60 years of commercial and multi-family residential development experience in the Southeast, with the majority of its 40 million-square-foot portfolio in commercial properties throughout Florida. In addition, Stiles has five active retail projects underway in North Carolina and a multi-family apartment building in Tennessee that is nearing completion.
“Opportunities for the new development and redevelopment of high-end office and retail properties are abundant throughout Florida, especially in South Florida which is increasingly active due to foreign investment and a growing trend toward urbanization,” commented Breslau. “Our continued growth throughout Florida in major markets such as Tampa, Orlando, Jacksonville and the panhandle, coupled with our recent expansion into North Carolina is expected to help fuel our company for decades to come.”
Siemens is a graduate from New York University where he received a bachelor’s degree in Economics.
Stiles is a full-service commercial and multi-family real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, Florida, Stiles also maintains regional offices in Miami, Palm Beach, Fort Myers, Tampa and Orlando, Florida, as well as Charlotte, North Carolina. Stiles is responsible for more than 40 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit http://www.stiles.com or call 954-627-9300.
Get the latest industry news and information from CRE-sources delivered right to your email inbox! And we promise…no more than one email each morning.
And we promise…no more than one email each morning.