New Jersey-based Katz & Associates announced Sept. 30 it has expanded into the Southeast with a Jacksonville office that will be led by area retail brokerage veterans Katy Figg and Nancy Sumner.
The commercial real estate company said it was determining an office location in Jacksonville.
Most recently at Colliers International, the Figg and Sumner team’s current landlord portfolio encompasses 2.2 million square feet, including grocery-anchored centers, power centers, boutique retail and mixed-use developments, as well as 191 acres of land.
Brian Katz is CEO of Katz & Associates, which works with retailers, restaurants and landlords in strategic planning, market analysis, lease and sale negotiations and dispositions.
“Their deep market knowledge, client-first approach, and outstanding reputations make them the perfect team to lead our Jacksonville office. This is a significant step forward in our growth across Florida,” Katz said in the release.
In their roles at Katz & Associates, Figg and Sumner will continue as landlord representatives and expand into tenant representation.
Figg worked at Katz in North Carolina from 2010-13. She called Jacksonville “a market full of opportunity and momentum.”
Sumner said they already had strong relationships with many Katz brokers, “and together with our deep market knowledge, we’re well-positioned to deliver results. We’re energized by the potential and ready to hit the ground running.”
Most recently at Colliers, Figg was vice president of retail services in Northeast Florida. Before that, she was a director for Franklin Street Retail Services where she helped oversee a portfolio of more than 3.1 million square feet for national and regional clients.
Sumner was Colliers’ director of retail services. Before that, she was a North Florida market partner and senior leasing adviser for The Shopping Center Group, where she managed 40 properties totaling more than 7.5 million square feet of retail space.
Katz & Associates began operations in January 1996 and has another Florida office in Boca Raton. It also has offices in Charlotte, North Carolina; Chicago; Nashville, Tennessee; and New York City. Its headquarters is in Englewood Cliffs, New Jersey.