Stiles Expands Retail Development Platform with New Senior Management Appointments
Posted on 1/23/2017Stiles, a Fort Lauderdale-based full service real estate development firm established in 1951, announced today new appointments to its senior management team that will expand the company's retail development platform while driving further growth to its other commercial development groups.
Ryan Karlin, who has held roles of increasing responsibility in both retail brokerage and development throughout his 14-year career at Stiles, has been promoted to President of Stiles Retail Group. Focused on expanding Stiles' retail development pipeline across the Southeast, Karlin will build upon the company's historical portfolio of approximately 4 million square feet of grocery-anchored shopping centers and power centers. Karlin will oversee the group's operations, strategy, development and redevelopment activities. In addition, several Stiles veteran development associates have transitioned to Stiles Retail Group and will be responsible for project execution.
"Ryan is a proven effective leader who has contributed significantly to the growth of our retail platform over the last decade while building relationships with some of the country's largest and most successful retailers," said Robert Breslau, Chief Development Officer. "I am confident that his solid business acumen, deep market knowledge and instinct for identifying successful projects will help us to achieve our long-term and expanded development goals."
To further fortify the company's overall development platform, Stiles has promoted Justin Siemens to Vice President and Development Officer within the Real Estate Investment Group (REIG), which oversees the retail, office and residential divisions. Working directly with Breslau and the REIG groups, Siemens will be responsible for sourcing new opportunities and creating and proving feasibility of commercial development plans, which will help to analyze, process and produce projects faster and more efficiently. Formerly Director of Real Estate Development, Siemens started with Stiles in 2014 and has helped to originate new development transactions, including land acquisitions and properties for redevelopment.
"We continue to see abundant opportunity for commercial and residential development and redevelopment in major markets throughout the Southeast," commented Ken Stiles, Co-CEO. "By shifting the focus to growing individual product types, we will be able to increase capacity and drive greater success for our development groups. We have implemented a conservative growth strategy that is consistent with our goal of becoming a 100-year old company. These changes build upon our company-wide succession plan and further ensure our ability to get there."
Stiles recently completed two grocery-anchored retail developments in Florida and three in North Carolina. Stiles, with partner BBX Capital, is currently completing Gardens on Millenia, a regional power center in Orlando anchored by the recently opened Academy Sports and Outdoors, Hobby Lobby, and Costco Wholesale. The project also includes 23,200 square feet of retail space and two outparcels. In addition, Stiles is in the planning stages to develop a near-half million-square-foot retail destination center in Miami.
Stiles is a full-service commercial 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, Stiles maintains regional offices in Miami, Fort Myers, Tampa and Orlando, Florida, and has a development office in Charlotte, North Carolina. Stiles is responsible for more than 43 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.