The Azarian Group, L.L.C., a leading New Jersey-based, commercial real estate investment, leasing, and management firm, has promoted Kevin Pelio to Executive Vice President.
Pelio, who joined the firm at the end of 2021, has been a key contributor in leading the leasing and property management departments through merchandising mix and leasing strategy, budget forecasting, capital expenditure allocations, day-to-day property management oversight, and tenant fit-out construction management for the company’s third-party portfolio of commercial properties. Since joining the firm, Pelio has directly overseen new lease negotiations of 160,000 square feet of retail and office space, across a broad spectrum of local, regional, and national retailers, bringing the portfolio’s occupancy to 92%. In the expanded role, Pelio will continue to focus on the core business functions as well as the implementation of new business development and assignments, interdepartmental staffing and coordination, and vendor administration.
“Kevin has worked hard to launch us from a portfolio pandemic low of 76% occupancy to a current high of 92%, which has included 42 new leases during his short tenure. His vision and knowledge of new and innovative concepts have propelled us forward during this challenging time,” states John M. Azarian, CEO, of The Azarian Group, L.L.C.
Founded in 1970, The Azarian Group, L.L.C. is a fully integrated property ownership and management company comprised of a 20-property portfolio, approximately 350 tenants, in a portfolio of 1,300,000 square feet of commercial real estate throughout New Jersey and New York.
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Azarian Group Promotes Kevin Pelio to Executive Vice President – ROI-NJ, 06/14/2023
Azarian Group Promotes Pelio to Executive Vice President – Real Estate NJ 06/14/2023
