PHOENIX, ARIZONA – MEB Commercial Management Group and OPTIM Property Solutions have announced a merger of their business operations, a move that will open new client relationships and combine resources to better serve clients, become more efficient and advance in technology. The merged business will operate under the MEB Commercial Management Group brand.
The merger will create a company with 3 million-square-feet (MSF) of management property at more than 70 buildings of office, retail and light industrial.
The leadership team will comprise Principals Libby Ekre, Jodi Sheahan and Scott Cook; Managing Director and Designated Broker Azar Meszaros; Vice President Tyrel Williams; and Director of Accounting Jayne Anderson. Karlene Politi, former President of OPTIM, will play a key role overseeing a large regional portfolio and work with MEB Commercial leadership on strategic initiatives. The rest of the OPTIM Property Solutions staff will join MEB Commercial as well, adding additional depth to the highly-talented team.
“It's gratifying to see the synergy and momentum this merger is creating for our company and our clients,” said Ekre, one of the three original founders of MEB Management Services, which celebrated its 20th anniversary in 2018. “I'm excited to work with this highly driven team of experts who have mastered the ability to create value for clients.”
Prior to the merger, MEB Commercial had approximately 1.5 MSF of office, 330,000 SF of retail and 70,000 SF of light industrial under management. OPTIM had approximately 500,000 SF of retail, 400,000 SF of office and 100,000 SF of light industrial under management.
The company will serve Metro Phoenix, Tucson and Las Vegas. More than 20 employees will be housed at MEB Commercial’s offices at 3030 N. Central Ave. and 11201 N. Tatum Blvd. in Phoenix.
Key properties under management include a 100,000+ SF Class A office building in the Paradise Valley area; a 180,000+ SF, 15-story office building in Midtown Phoenix; an iconic mid-rise office building in the heart of downtown Mesa; and a newly renovated, 100 percent occupied retail center in Queen Creek.
“The combination of companies, people, experience and resources gives us the best of all worlds for our existing and future clients,” Politi said.
The merger will create a firm with professionals who possess decades of top commercial management experience and impressive industry credentials. Five of the company’s leaders and managers hold the highly respected Certified Property Manager (CPM®) credential from the Institute of Real Estate Management. Leadership of both entities has had long-time professional relationships with each other. The move positions MEB to better serve clients of all asset types and continue with OPTIM’s 17 years of commercial operations in Nevada.