Frontline Real Estate Partners, Carr Realty Advisors LLC (CRA) and Stillwater Advisory Group have formed a new joint-venture, Frontline Real Estate Partners - Shopping Mall and Lifestyle Division. The JV of three Chicago-based firms will provide its clients with receivership, property and asset management, leasing and disposition services for shopping malls and lifestyle centers.
“We have worked with our lender and special servicer clients for many years, providing strategic solutions for all asset classes, but we wanted the ability to assist them with some of their biggest challenges as of late, which are shopping malls and lifestyle centers,” said Frontline principal Matthew Tarshis, who formed the JV with CRA’s Joey Carr and Stillwater’s Chris Facas.
With COVID-19 accelerating the downturn of malls, “we felt the urgency to form this new joint venture to provide real estate solutions for the distressed portion of this niche asset class,” Tarshis added.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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