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Saglo News March 2017

March 22, 2017

5 top highlights from the last 12 months

(bold and underlined text are hyperlinks)

 

PERSONAL

I was married last December to a wonderful woman, Nicole Murray Chen. She is an amazing wife as well as a professional residential realtor working both Miami and Ft Lauderdale.  Please contact her if you need those services.

ACQUISITIONS

Three grocery-anchored shopping centers totaling over 300,000 SF were acquired over the last quarter. Marietta Square (Jacksonville), Commonwealth Shopping Center (Jacksonville) and Lantana Village Square (Lantana).

CAPITAL MARKETS

Saglo sourced the debt for the 3 acquisitions in-house with Pacific National Bank, Apollo Bank, and BB&T. We will start looking at additional properties to acquire this May at ICSC RECON.

PROPERTY MANAGEMENT

Saglo has hired two property managers, Jose Granizo and Sarah Rodriguez, to provide our management platform plenty of bandwidth to take on additional properties (ps. we also provide 3rd party property management in South Florida)

LEASING

Saglo’s leasing team has been canvassing, cold calling and e-marketing to achieve positive space absorption throughout our portfolio. Saglo’s leasing portfolio covers Miami-Dade, Broward, Palm Beach, Greater Tampa, and Greater Jacksonville.  In each of those areas we have anchor, restaurant, retail, and retail office space available for lease.  Please contact Carlos Guzman in order to discuss availability, since some of the currently occupied spaces may be available for lease within the next 24 months.

 


100% of Saglo’s focus is on operating retail shopping centers in Florida.  We are experts at retail leasing, shopping center management and acquisitions.  Please feel free to use myself or anybody on my team as a resource if you are in need of an expert opinion on retail in Florida.

I will be driving from Tampa to Jacksonville next week in order to check on our properties.  For acquisitions, please send sites to Kristina Remington.

Have you heard of Fresco Y Mas Supermarkets?  Southeastern Grocers transformed the Winn-Dixie at Flamingo Plaza into one of these exciting new concepts, pictures can be viewed here

Jack Glottmann, Carlos Guzman, Alyona Tsutskova and I will be at ICSC RECON this May and are available to meet for discussions involving acquisitions, retail leasing, and 3rd party management.


I end with some quotes:

“Train people well enough so they can leave, treat them well enough so they don’t want to.”

 

“The person you will be in five years depends largely on the information you feed your mind today. Be picky about the books you read, the people you spend time with and the conversations you engage in.”

 

While you woke up today, someone else was taking their last breath. Be thankful for this day.  Don’t waste it.”

Thank you,

saglo-s-only Hue Chen, President

Saglo Development

Shopping Center Owners, Operators & Experts

777 Brickell Ave, Suite 708 | Miami, FL  33131

T: 305-704-3105 | F: 305-861-2703 | C: 786-281-7368

hue@saglo.com | www.saglo.com

 

Connect with me on LinkedIn:  www.linkedin.com/in/huechen

View our Portfolio of Properties

Bringing great restaurants and retailers to our neighborhood Shopping Centers

Affliated with Saglo Realty, LLC, licensed real estate broker.

 

About Hue Chen

Hue Chen is the Vice President of Acquisitions for Saglo Development Corporation and is responsible for increasing Saglo’s portfolio of properties. After graduating from the University of Florida in 1999, with a major in Finance, Hue started his career in commercial real estate as a retail leasing associate. He quickly became a top producing leasing agent while working with some of the most prominent owner-developers in south Florida. Throughout his career, he has executed over 250 leases and increased the value of over 40 different shopping center, ground-up and mixed use developments in south Florida and Southwest Florida. Hue attributes his success to a thorough understanding of the major retail markets of Florida, strong relationships with brokers and retailers, and his ability to structure leases that best fit the goals of each investment. In 2012, Hue joined Saglo and brought with him strong proficiencies in finance, mathematics, and ARGUS as well as a real world understanding of retail shopping center leasing and value creation.

Author: Hue Chen

Hue Chen is the Vice President of Acquisitions for Saglo Development Corporation and is responsible for increasing Saglo’s portfolio of properties. After graduating from the University of Florida in 1999, with a major in Finance, Hue started his career in commercial real estate as a retail leasing associate. He quickly became a top producing leasing agent while working with some of the most prominent owner-developers in south Florida. Throughout his career, he has executed over 250 leases and increased the value of over 40 different shopping center, ground-up and mixed use developments in south Florida and Southwest Florida. Hue attributes his success to a thorough understanding of the major retail markets of Florida, strong relationships with brokers and retailers, and his ability to structure leases that best fit the goals of each investment. In 2012, Hue joined Saglo and brought with him strong proficiencies in finance, mathematics, and ARGUS as well as a real world understanding of retail shopping center leasing and value creation.