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Pompano Beach Real Estate Investment Group Grover Corlew Weighs In On City’s Revitalization Efforts

Partner Mark Corlew joins NAIOP panel on city Main Streets

POMPANO BEACH, Fla. (April 13, 2017) – Mark Corlew, partner of the Pompano-based real estate investment group Grover Corlew, took part in the first of a series of NAIOP city main street discussions that showcase up-and-coming areas throughout South Florida. The discussion brought together a panel of high-profile civic leaders, developers and real estate professionals to discuss the renaissance that is underway in Pompano Beach.

Corlew, who was instrumental in the redevelopment of Las Olas and whose company, Grover Corlew, now owns three commercial buildings in Pompano Beach, was well-qualified to speak on the future development of the city. When asked what initially attracted his firm to the area, he said, “Pompano Beach is centrally positioned close to major thoroughfares and within close proximity to thriving tri-county cities such as Fort Lauderdale and Boca Raton. The strong workforce to the west and the developed economic base also were natural attractors.”

When asked further about his vision for the future of Pompano, he added that, “The city has worked effectively to plan and implement revitalization efforts such as beautification projects, and parking and main artery improvements, but continued investment is needed to build on the momentum that the city has created. We envision Grover Corlew’s properties functioning as mixed-use, with flourishing ground-floor retail spaces as the city continues to evolve into a more pedestrian-friendly, residential community.”

In 2015, the firm purchased the four-story 31,000 square-foot Chase Building at 2401 E. Atlantic Blvd. with Chase Bank as the anchor tenant; the four-story 28,000 square-foot Bank of America Building at 2335 E. Atlantic Blvd. with Bank of America as the anchor tenant; and Pompano Medical and Professional Center, a four-story 25,600 square-foot building with 16 medical and professional suites at 50 NE 26th Ave. Since then, Grover Corlew has focused on exterior and interior enhancements to the buildings, while significantly raising occupancy.

Grover Corlew has been an active developer and investor in and around Central and South Florida. In a recent blockbuster deal in late 2016, Grover Corlew acquired the 46-acre Orlando Office Park, which is the largest single parcel in Orlando with significant redevelopment potential. Also in the past several months, the company added a Wawa convenience store in a revitalized area of Vero Beach, and a parcel purchased by Sun Holdings, Inc. is slated for a Popeyes Louisiana Kitchen.

In December 2016 the company acquired Sabre Centre I, a 100,000 square-foot office building in Boca Raton. Most recently, in January 2017 the company closed on the 180,000 square-foot Mansell Court office complex in Alpharetta, Ga.

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About Grover Corlew
Led by experienced real estate veterans who have worked together since 2002 and who have more than 40 years of combined industry experience, Grover Corlew is a real estate investment management group focused on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S. Grover Corlew has offices in South Florida, Orlando and Atlanta and provides in-house asset management and property management services. The company is also an active developer with in-house development expertise as well as strategic relationships with tenants and local developers throughout the Southeast U.S.

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