Search
 

Successful Office Repositionings Completed, Kairos Head Gleason Looks to 2017

KING OF PRUSSIA, PA—“We’re still big believers in well-located properties, and buying them at a basis that will allow us to create great amenities and still offer them at a discount to other properties in the market,” Kairos president Steve Gleason says.

Apex, 600-602 Office Center Drive, Fort Washington, PA Apex, 600-602 Office Center Drive, Fort Washington, PA

KING OF PRUSSIA, PA—With two successful suburban office repositionings behind them and one more in the pipeline, Steve Gleason, president of Kairos Real Estate Partners says the firm remains optimistic that its value-add strategy of redeveloping older office properties is the right one moving into 2017.

“We’re still big believers in well-located properties, and buying them at a basis that will allow us to create great amenities and still offer them at a discount to other properties in the market,” he says. “We’re still bullish on the market. We’re not just looking in the suburbs, but we are looking at some opportunities in the CBD of Philadelphia and other markets. Philadelphia is no longer a well-kept secret. A lot of investors from outside of the market have discovered Philadelphia and have invested significantly in this market, and we think that’s a trend that’s going to continue.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Steve Lubetkin

Steve Lubetkin

Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].

More from this author

Recommended Stories

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.