Stiles Establishes Executive Leadership in Carolinas, Furthers Investment in Region

Stiles announced today that Justin Siemens has been named President of the Carolinas Division, establishing full-time leadership in its Charlotte office and bolstering its presence in the Carolinas. Siemens will be responsible for sourcing, evaluating, and structuring new development and acquisition opportunities throughout the region. Stiles is the largest privately held, full-service commercial real estate firm based in the Southeast.

In addition to his duties in South Florida, Siemens has been working closely with the company's Carolinas Division for the past three years, traveling between Stiles' Fort Lauderdale corporate headquarters and its Charlotte office. With a more aggressive growth mandate in place, Siemens will now be relocating to Charlotte, making the Carolinas his primary focus and solidifying Stiles' long-term commitment to the region.

"An integral part of the Stiles team for the past five years, Justin is an effective and strategic leader whose strong business acumen has contributed to our regional growth," said Scott MacLaren, president of Stiles. "Justin is well-respected by our Carolinas team and has established excellent rapport with our partners and clients in that region. Repositioning him to our Charlotte office full-time will allow him to better support our local Charlotte team and carry out Stiles' long-term vision for growth in the Carolinas."

Since opening the Charlotte office in 2012, Stiles has completed four grocery anchored shopping centers in the Charlotte neighborhoods of South End, Ballantyne, Mint Hill and Cotswold, as well as the Carolinian, a 186-unit luxury apartment community in Raleigh.

Projects currently under construction or in the planning stages include 300 West Summit, a 65,000 square foot boutique office building in Charlotte's historic South End; Point Hope Commons, a 75,000 square foot grocery-anchored shopping center in Charleston, South Carolina; and a 70-acre grocery anchored mixed-use development in Wake Forest, North Carolina.

Siemens' career spans more than 17 years in commercial real estate, having held acquisition and development-related positions with Federal Realty Investment Trust (NYSE: FRT) and Compson Holding Corporation prior to joining Stiles. He also has a capital markets background having worked for BankAtlantic Commercial Mortgage Capital, Cohen Financial and Holliday Fenoglio Fowler.

Mr. Siemens received his bachelor's in Economics from New York University.