AUSTIN, Tex.--St. Croix Capital RealtyAdvisors LLC has launched a new, affiliated firm,St. Croix Capital Management Group. The sisterfirm will oversee construction, property management and assetmanagement for St. Croix Capital Realty Advisors, as well as thirdparties.

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The new firm launches with approximately 800,000 square feet ofoffice, industrial and retail flex space to manage, as well asoversight of an additional 160,000 square feet of new office andretail development, along with 65 acres of land.

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John J. Macliver has been tapped as presidentof the new firm. Macliver, who recently moved from New England toAustin, brings more than 15 years of experience in the commercialreal estate and investment industries.

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“In my efforts to network in an entirely new market, I wasintroduced to Ken [Satterlee,president and CEO of St. Croix] and one thing lead to another andhe offered me the opportunity to run his management group,”Macliver told GlobeSt.com. “Essentially, I left a very good job andcame to Austin without a job and without knowing anyone and I didthat so I could be with my nine-year-old daughter. I knew I'dfind work once I got settled.”

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Macliver began his career as an underwriter for aBerkshire Hathaway firm. He spent the last fiveyears as the president and CEO of the Sperry Van Ness|NewProvidence Group. Prior to that, he wasvice president of property management and oversaw a 2.5million-square-foot portfolio of office and retail spaceforMPM Property ManagementLLC.

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“Firming up our property management and construction division isa natural extension of service lines,” says Satterlee. “It becamethe right time when Jay Macliver walked in our door. He brings anoutstanding experience and leadership skills.”

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Macliver says he welcomes the opportunity to grow St. Croix'sservice lines and expand its portfolio, even if his past experienceworking in the Northeast was quite different.

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“The markets [Northeast and Austin] really aren't comparable atall,” he says. “In the Northeast, you are very confined,meaning there really isn't the expansion space to develop as thereis here in the Austin market. The Northeast market is verycondensed. Austin has much more growth opportunities from aground-up perspective. And that is what makes this such an excitingventure.”

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