Retail Developer Takes on Both Sides
For nearly 40 years, Tampa-based RMC Property Group has been primarily involved in the landlord side of retail real estate, offering property management, development, retail leasing and marketing, and financial and real estate advisory services. Now it’s offering to handle leases for the other side--commercial real estate tenants.
The company recently established a tenant representation division that will focus on securing new locations for clients and disposing of surplus properties. To launch the new division, RMC hired David Gibson, a real estate broker who has worked with a variety of major retailers including IHOP, Texas Roadhouse Restaurant, Wireless Toys, Crazy Mike’s Mattress, and For Eyes Optical to assist those companies as they expanded into Florida.
RMC has been unofficially practicing tenant representation for years by assisting its clients in backfilling empty box store spaces and securing new retail locations for tenants, said the company’s president, Susie Rice. The new tenant representation division allows the firm to leverage its experience and extensive knowledge of the Florida retail market, Rice pointed out. The strategic move by RMC allows it to locate and secure sites in major, secondary, and tertiary markets.
Established in 1972, RMC has a portfolio of 50 properties totaling 4.2 million square feet that includes residential, office, mixed-use, and storage buildings. The company may be best known as a key developer and redeveloper for Publix Super Markets Inc., having handled at least 25 locations over the last decade for the Lakeland, Fla.-based grocer.