Atlantic Realty Names President of ARC Management.VIENNA, Va. -- Atlantic Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Companies (www.arcrealty.com), one of the largest real commercial estate developers in the Washington, DC region, has named Mark A. Arena as the new President of ARC Management, Atlantic's property management division, which provides management for all Atlantic-owned properties as well as a select number of third party-owned properties. ARC Management, which is ranked among the twenty largest property management organizations in the region by the Washington Business Journal, has a portfolio that currently exceeds four million square feet of office, retail and industrial flex space Flex space is a term used for lightly zoned buildings. It is mainly used when referring to industrial or office space. History Flex space evolved from light industrial warehouses being converted to office space. . Prior to joining Atlantic Realty, Mr. Arena, who has over 20 years of experience in real estate and financial management, was district manager at RREEF Real Estate Investment Managers in McLean, VA, where he was in charge of day-to-day operations for 55 office and industrial properties in Maryland and Virginia totaling over 11 million square feet. Previously, he was a senior vice president at Guardian Realty Management in Gaithersburg, MD, as well as controller in the shopping center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into division of the Bethesda, MD-based BF Saul Company and a regional controller for First Winthrop Properties in Greenbelt Greenbelt, city (1990 pop. 21,096), Prince Georges co., W central Md., a residential suburb of Washington, D.C.; chartered 1937. Greenbelt was planned and built by the federal government as an experimental model community for families of modest income. , MD. During his multi-faceted career, Mr. Arena was a commercial real estate broker representing both landlords and tenants. A graduate of the University of Pittsburgh, where he earned a Bachelor of Arts in accounting, Mr. Arena is a member of the American Institute of Certified Public Accountants With over 330,525 CPA members (in August 2006), the American Institute of Certified Public Accountants (AICPA) is the largest professional organization of Certified Public Accountants (CPAs) in the United States of America. , District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). Institute of CPAs and is a licensed real estate agent in both Virginia and Maryland. Based in Vienna, VA, Atlantic Realty is a full-service commercial real estate company, that owns, manages or has under development over five million square feet of office and retail properties valued at over $900 million. Since its founding in 1992, the company has earned numerous real estate and business awards, including the Ernst & Young Greater Washington Entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. of the Year Award in Real Estate & Construction. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion