WASHINGTON, DC—Monument Realty has launched anew retail division called Monument Retail. Thenew division is headed by Roger Carlson, a 25-yearindustry veteran who is joining the company from ColliersInternational, where he was managing director of Retail.
Monument Retail has also formed a strategic alliance with aninstitutional investor with the goal of acquiringone-million square feet of existing retailproperties over the next four years. In addition, Monument Retailis planning to develop retail properties throughout theMid-Atlantic region. The new unit will also provide brokerageservices to retailers and manage and lease its own retailportfolio.
The unit is looking at a few acquisitions and is in preliminarydiscussions on some ground up opportunities, Carlson tellsGlobeSt.com, adding that any announcements will come in the NewYear.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
