News: Brokerage

Gorjian of Namdar Realty talks about his game changing deal

Name: Joel Gorjian Title: Acquisitions & Dispositions Company/firm: Namdar Realty Group Year company was founded: 2001 Years with company/firm: 5 Years in field: 5 Address: 150 Great Neck Rd., Great Neck NY 11021 Telephone: 516-773-0010 Email: [email protected] URL: www.namdarrealtygroup.com Twitter: Joel_Gorjian LinkedIn: http://www.linkedin.com/pub/joel-gorjian/46/193/63a/ Real estate organizations: ICSC Which project, deal or transaction was the "game changer" in the advancement of your career? Quite simply, I would say the biggest "game changer" in my real estate career was the Dollar General transaction we did in Mississippi. By nature, it was a highly complex transaction. The property was initially leased to Rite Aid, who essentially subleased the space to CVS who assigned the lease to Dollar General after a few years. The transaction taught me how to work through complex transactions, which is where you find the highest yields. Where would you like to be 10 years from today? In 10 years, I'd like to foster our company's portfolio to at least double of our current holdings. I don't see why I wouldn't be able to complete this goal since I've already added 3 million s/f to the firm's portfolio in the last 2.5 years.
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