2019 closed out with high prospects here at Galium Capital and the team delivered a successful year that saw growth and strong positioning for the future. Both the team and portfolio grew as we moved into a new offices on NE 163rd Street in North Miami Beach. The Galium Capital team also attended the IMN SFR (East) conference in Hollywood, FL, ICSC Orlando and a selection of local conferences in Florida. It was a year of growth and the team is ready to keep the gas pedal down in 2020!
“We had an exciting 2019 at Galium Capital after a solid 2018 that set the tone for the future! We moved into our beautiful new offices and added some integral new team members, all of whom have brought expertise to the table that has helped Galium Capital continue to grow. We also closed on some extremely exciting assets for our investors over the past year including Fountain Square II in Tampa, FL and Palm Square in Pembroke Pines, FL. We have a robust pipeline with some strong assets that we are in discussions to potentially acquire in the next several months so we look forward to continued growth and a successful 2020.”
The team at Galium Capital also grew with the additions of Jeff Cooper, Jonathan Slomianksi, Isaac Gabay, Demetri Demascus, Liat Tanur and David Levy. Jeff Cooper joined in early 2019 as an associate with the daily role of Asset Management. Since joining, Jeff has contributed to the success of many of our multi-family and retail investments. Jonathan Slomianski also became an associate in the role of acquisitions after joining from PMG, he oversaw the successful acquisitions of Fountain Square II and Palm Square. Isaac, a recent graduate of FIU with a double major in Finance and International Business, joined our Finance team after obtaining valuable banking experience. Liat Tanur joined the role of Investor Relations and will be the point of contact for our valuable investors. Demetri Demascus and David Levy joined the Galium team with the role of Business Development. Demetri, the founder of South Florida real estate news platform PROFILEmiami, will also contribute to acquisitions and marketing.
It was always going to be a task to follow-up a strong 2018 that saw Galium Capital acquire a multitude of properties including The Shoppes at Lake Mary, Parq 170 at City Center, Baldwin I & II, 1646 33rd St., E-Lofts and 3001 PGA. After both Jonathan Slomianski and Demetri Demascus joined the Galium Capital acquisitions team, Galium Capital was able to successfully close on Fountain Square II, an office building in Tampa, FL, for $29.4 million. Located in the Westshore District of Tampa, one of the city’s hottest office markets, Fountain Square II spans 133,887 SF of office space and was 93% leased upon acquisitions. The acquisition of Fountain Square II was followed-up with the acquisition of Palm Square, a retail center in Pembroke Pines, FL for $20.45 million. Palm Square is located across from Terra Group’s mega-project, Pines Town Center, and features 600’ of linear frontage on Pines Boulevard with a daily traffic count of over 52,000+ vehicles. The 77,621 SF retail center features both KFC and Dunkin Donuts outparcels.
To kick-off 2020 Galium Capital has been working towards closing on its newest acquisition.
Stay tuned for news upon closing as well as to keep up with the future growth of Galium Capital. We look forward to making smart real estate investments for successful results!