JRW Realty Hires New President of Multi-Tenant Retail
Published: June 15, 2021
PASADENA, Calif. - JRW Realty, a boutique brokerage firm focused on sourcing net-leased properties with tenants in essential industries, has expanded its footprint in the net lease and grocery-anchored retail market with the addition of Joel Staffilino, the firm's new president of multi-tenant retail. Staffilino will be responsible for leading JRW Realty’s efforts to facilitate acquisitions of multi-tenant essential retail and grocery-anchored shopping centers on behalf of its clients.
“Joel comes to us with extensive experience in shopping centers anchored by grocery stores and other essential tenants to help us keep pace with our buyers’ strong appetite for net-leased property,” said Joshua Ungerecht, CEO of JRW Realty. “With the industry still flocking to the exact properties we have focused on since our founding, Joel will help us to extend our reach in the net lease market as well as launch an additional offering platform focused on value-added, grocery-anchored shopping centers. He is aligned with our company’s core values, matches our team’s tenacity, and is well-suited to help us expand our relationships with owners, developers, and selling brokers of multi-tenant net-leased property.”
Staffilino has over 15 years of experience in the commercial real estate industry. Prior to joining JRW Realty, he served as vice president of acquisitions and dispositions at Brixmor and led acquisitions and transaction teams at Glimcher Group and Phillips Edison & Company. Over his career, he has driven the acquisition and disposition of over 20 million square feet of retail centers, representing over $2 billion in value.
JRW Realty is exclusively engaged by large, all-cash buyers that are actively seeking to acquire additional grocery-anchored shopping centers and net-leased properties that are leased to investment-grade and essential businesses. The clarity of JRW Realty’s clients’ strict acquisition criteria, the firm’s streamlined transaction processes, and its clients’ accessible balance sheet capital enable JRW Realty’s buyers to close transactions in 20 to 30 days after going under contract.
About JRW Realty
JRW Realty is a commercial real estate brokerage firm that has closed over $2.4 billion in transactions across over 575 properties on behalf of its clients. JRW Realty's team places special focus on due diligence, reviewing over 100 properties each week and only choosing to source for clients the best 3-4% according to their rigorous acquisition criteria. For more information, visit www.jrwrealty.com.
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