Phoenix-based property management leader Arcadia Management Group, which provides facility management and tenant/capital improvement project management for more than 50 million square feet across the United States, has launched a new Construction Management Division. Industry veteran Mark Zimmerman has been hired to lead the launch and the division during this time of surging post-pandemic demand.
As businesses begin to come back to life, property management firms such as Arcadia help them bridge that divide. Among the main factors underlying the demand are tenants jumping back into the market with plans they had prior to the pandemic, but had to put on hold, and tenants revising their space to account for changes in business because of the pandemic. A third, unique to our times, is tenants upgrading their amenities to encourage employees to come back from a work-from-home arrangement.
Zimmerman, in his new role, serves as the national director of Construction Management, overseeing a pipeline of $17 million in tenant and capital improvements for current Arcadia-managed properties. He will also pursue and direct projects outside the Arcadia real estate portfolio.
“There was no notable downturn in construction demand during the pandemic. In fact, demand among Arcadia clients grew as tenants recognized the need to incorporate new technology and embrace and deploy flexible, amenity-heavy work environments,” says Zimmerman. “With this new division, we will be able to meet that demand and pursue new opportunities as an experienced team, within a very efficient, nimble and creative organization.”
