(Carl Cronan is editor of Real EstateFlorida.)

CLEARWATER, FL-Locally based Meridian Development Group says it is moving forward with what it terms as an “aggressive acquisitions initiative” aimed at nearly quadrupling its current inventory. The current economic downturn is the driving force behind the initiative, which has a goal of expanding the group’s portfolio by five million sf.

“It is a phenomenal time to capitalize on new opportunities resulting from the current economic conditions,” Steven Kossoff, managing director of Meridian, tells GlobeSt.com. “We are not simply waiting for opportunities to find us. We are actively and strategically selecting markets and opportunities within those markets.”

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