(Dallas, TX) June 1, 2016 – Encore Retail, LLC and Encore Office, LLC have officially merged to become Encore Commercial, LLC. The new entity will remain a subsidiary of Encore Enterprises, Inc. and will continue to be owned entirely by Encore Enterprises.
Encore Commercial will focus on the acquisition, ownership, development, redevelopment, and asset management of retail and office properties.
“The combination of our Retail and Office subsidiaries brings together two highly complementary divisions that will now share resources,” said Bharat Sangani, Chairman of Encore Enterprises.
The new subsidiary will remain at Pinnacle Tower, the office building that was most recently purchased by Encore Office.
“We have an unwavering commitment to seeing Encore and its subsidiaries grow. This strategic realignment will enable the new division to become more scalable in size,” said Patrick Barber, President & CEO of Encore Enterprises.
Nicholas Barber, formerly the President of Encore Retail, will now take on the role of President for Encore commercial. Mark Cypert, CCIM, the former president of Encore Office, will take on the role of Chief Investment Officer. The leasing team will now be headed by Michael Nelson, former Director of Leasing for Encore Retail.
“The combination of these two companies creates a world-class team of experts with an enhanced focus on sourcing developments and redevelopments as well as managing and leasing assets,” said Nicholas Barber, President of Encore Commercial.
The decision to merge the two companies came from a desire on behalf of Encore Enterprises’ board to maximize efficiency and scalability of the two groups.
“Encore Commercial will facilitate the development and management of mixed-use projected, though we intend to continue growing both our office and retail portfolios,” said Mark Cypert, CCIM. “Encore Retail and Encore Office have worked closely in the past, so it was only natural to consolidate our efforts to create a strengthened growth strategy.”
About Encore Retail, LLC.
Encore Retail, LLC focuses on the acquisition, ownership, development, redevelopment and management of retail shopping centers throughout the United States. For more information visit www.encore.bz/retail.
About Encore Office, LLC.
Encore Office, LLC focuses on the acquisition, ownership, redevelopment and asset management of class “A” commercial office buildings across the United States. For more information www.encore.bz/office.
About Encore Enterprises, Inc.
Encore Enterprises, Inc. is a national real estate company with corporate headquarters in Dallas, Texas. Encore develops, acquires, and manages hotels, multi-family communities, retail shopping centers, commercial offices, and restaurants. For more information about Encore Enterprises, visit www.encore.bz.