(Carl Cronan is editor of RealEstateFlorida.)
CLEARWATER, FL-Locally based Meridian Development Group says itis moving forward with what it terms as an "aggressive acquisitionsinitiative" aimed at nearly quadrupling its current inventory. Thecurrent economic downturn is the driving force behind theinitiative, which has a goal of expanding the group's portfolio byfive million sf.
"It is a phenomenal time to capitalize on new opportunitiesresulting from the current economic conditions," Steven Kossoff,managing director of Meridian, tells GlobeSt.com. "We are notsimply waiting for opportunities to find us. We are actively andstrategically selecting markets and opportunities within thosemarkets."
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