Stiles Property Management Expands Its Portfolio by 1.2 Million Square Feet in the Southeast

Stiles Property Management Expands Their Portfolio

Stiles Property Management, the largest privately-owned property management company in South Florida, has made significant strides in expanding its portfolio. Recently, the firm announced a remarkable addition of over 1.2 million square feet of new commercial properties across Florida and the Carolinas. This strategic move not only enhances Stiles’ market presence but also reinforces its position as a trusted management partner for both institutional and private property owners in the Southeastern United States.

Among the newly acquired properties are notable locations, such as the Lennar Corporate Headquarters in Miami, multiple retail centers owned by Stockbridge in Boca Raton, office buildings developed by Bluestone Terra Partners in Naples, and LB Realty's retail spaces situated in Raleigh, North Carolina. These properties encompass a diverse range, including office, retail, medical office, and association properties, further diversifying Stiles' offerings in the fast-growing property management sector.

Chris Rotolo, President of Stiles Property Management, expressed confidence in their ability to enhance asset value and provide exceptional tenant experiences. He stated, "These new assignments reflect the confidence our clients place in Stiles' ability to maximize asset value while delivering exceptional service to tenants." The expansion of their third-party management services has now pushed their managed portfolio to an impressive total of over 23 million square feet.

"Initially, we began managing properties we developed and owned ourselves. Our decision-making process mimics that of an owner, constantly focusing on efficiency without sacrificing service quality. This strategy allows us to provide high-level service while keeping it affordable for tenants," added Rotolo.

In Charlotte, one of the firm's standout properties, the 110 East Class A office building, has surpassed expectations by nearing 80% occupancy within its first year of operations. Housing prestigious tenants like First Horizon Bank, SouthState Bank, Humana, and a notable crypto-currency firm, this development illustrates the demand for well-managed, amenity-rich office spaces.

Stiles is firmly committed to continuing its growth trajectory in the Carolinas. The establishment of a dedicated local management team further enhances their ability to provide expertise and unmatched service to clients in the region. Devon Newton, Vice President, emphasized, "Expanding our reach in Florida and the Carolinas strengthens our ability to serve clients seamlessly across state lines." This growth marks an essential step towards being the preferred partner for property owners who prioritize experience, innovation, and a hands-on approach.

Stiles is not just expanding its footprint; they are thoughtfully scaling their business model to ensure that each property they manage reflects their values of professionalism and care. As a comprehensive commercial real estate firm, Stiles offers a variety of services, including development, construction, tenant improvements, and property management. With their headquarters in Fort Lauderdale, Florida, and a regional office operating out of Charlotte, North Carolina, Stiles is heavily invested in enhancing their impact on the southeastern United States' property market.

As Stiles Property Management continues to expand its portfolio, stakeholders can expect a focus on maximizing client property values while delivering exemplary service, thereby energizing communities and creating long-lasting relationships built on trust and mutual success.