Growing portfolio and strategic successes Mark 2015 for Sembler

St. Petersburg, Fla. -- The Sembler Company added 420,000 sq. ft. of new acquisitions to its portfolio in 2015, in addition to breaking ground on three new shopping centers and inking deals for three more – all while maintaining more than 95% portfolio occupancy.



“For us, 2015’s storyline was continued strategic growth – through acquisitions, new ground-up development, and the addition of new clients for our wide range of services, from leasing and management to development and other related retail services,” said Sembler CEO Ron Wheeler for The Sembler Company.



Sembler’s development focus in 2016 will be on Town Madison, an 800,000-sq.-ft. regional shopping center within a 300-acre development located in the Madison-Huntsville, Alabama market; a recently inked a deal to create the first commercial center in West Villages, a master-planned community in south Sarasota County that anticipates three million sq. ft. of commercial experiences; three grocery-anchored shopping centers – two in Florida and one in Alabama – all of which are slated to open in early 2016. The company also inked deals for three more grocery-anchored centers – one each in Florida, Alabama and North Carolina – to commence construction in 2016 and 2017.



In 2015 The Sembler Company and Forge Capital Partners, in their Forge Real Estate Partners III investment fund, invested approximately $57 million in new acquisitions, adding 420,000 square feet to the company’s portfolio. The new acquisitions were located in Florida, Georgia and Alabama.