Real estate firm surpasses $50M in deals

TAMPA — RMC Real Estate Services, one of the largest locally based commercial real estate firms on the Gulf Coast, reported more than $50 million in total transaction volume in first six months of 2014.

The company, according to a statement, had $51.7 million in transactions through June that covered 950,300 square feet within its RMC Property Group and RMC Ross Realty divisions. On the investment sales side, the firm closed 17 deals that encompassed 590,000 square feet, for a total volume of $32.9 million. Sales highlights, according to the firm, included the $12.8 million sale of The Shoppes of Apollo Beach and the $6.75 million sale of Palm Harbor Commons. The firm also closed 116 lease transactions that covered 359,000 square feet in the first six months of the year. Those deals were worth a total of $18.8 million.

RMC executives expect the rest of 2014 to produce solid results. The firm's leasing and sales pipelines are “very strong” for the second half of 2014, RMC chief real estate officer and CFO Bobby Eggleston says in the release. Adds Eggleston: “We continue to stay focused on first class customer service which results in further listing opportunities and closed transaction volume.”

RMC Real Estate Services, through its two divisions, leases and manages a commercial real estate portfolio of eight million square feet. The firm has developed more than 140 freestanding drugstores, developed or redeveloped more than 25 grocery-anchored shopping centers and redeveloped several retail and mixed-use properties over the last 15 years.