Chicago & Midwest + Downtown + Retail | February 23, 2021

New JV to Focus on Mall & Lifestyle Center Sector

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.

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About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).