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Sembler Co. shifts into high gear
St. Petersburg, Fla. — On the eve of RECon 2014, The Sembler Co. is gunning its development, property management and acquisition motors. The company has more than 2.8 million sq. ft. in various stages of ground-up development. Its leasing and retention rates are at the highest levels in years. And the company’s acquisition program is active as well.
On the development side, Sembler and partner Lennar Commercial are in the predevelopment stage of an 800,000-sq.-ft. regional shopping center called Town Madison in Madison, Alabama.