NAI/Merin Hunter Codman Inc. recently announced that Managing Director Steven J. Paige has been named the firm’s 2013 Broker of the Year.
The recognition is notable, distinguishing Paige as the leading broker at a firm that is not only the top commercial real estate brokerage firm in Palm Beach County, but also one of the leading real estate firms in the broader South Florida region.
Paige excels at representing some of the nation’s most prestigious institutional investors, as well as local investors, in their ownership of commercial real estate. He was awarded the firm’s distinction for completing transactions on approximately 400,000 square feet of commercial real estate space in nearly 50 transactions in 2013, including significant leasing transactions on behalf of TA Associates Realty and the Lionstone Group. “Paige’s leasing efforts have appreciably increased the asset value for our clients,” CEO Jordan C. Paul said.
During 2013, Paige recorded over 100,000 square feet of leasing net absorption with approximately two-thirds of that for TA Associates’ properties, Centrepark Office Buildings and Northpoint Corporate Center, both in West Palm Beach. TA Associates is one of the largest privately held real estate advisors in the U.S. Both of its West Palm Beach office properties now boast occupancy over 80 percent, in part due to Paige’s strong efforts. The remaining third of Paige’s net leasing absorption was for Waterfront Clematis, a signature mixed-use complex overlooking the Intracoastal Waterway in West Palm Beach, sponsored by the Lionstone Group, a private investment firm.
Adding to Paige’s flurry of 2013 leasing was his sale of an $18.55 million mortgage note secured by the 10-story Bank of America Tower on Flagler Drive.
Paige, whose primary focus is landlord and tenant representation, credits his success on tenacity, responsiveness and the ability to advise landlords on what is required to enhance asset value in this extremely competitive market. He is a member of the Business Development Board of Palm Beach County and sponsor of the National Association of Industrial and Office Properties (NAIOP).
NAI/Merin Hunter Codman is headquartered in West Palm Beach with regional offices in Boca Raton, Palm Beach Gardens and Wellington. For more info., visit www.mhcreal.com.
