Accelerated Development today announced the formation of an Asset Management Division. This new division is designed to further enhance the firm’s offering as it continues to serve the needs of its individual and institutional partners. The purpose is to provide owners with the strategic direction and services that will maximize the value of each property. In addition, it will enable the delivery of an even more sophisticated level of managing, leasing and construction supervision with a higher level of accountability.
In order to provide leadership and focus to the new division, Accelerated concurrently announces the appointment of Debbie Mitten as Asset Manager for the firm. With nearly two decades of experience in commercial real estate, Debbie has a well-rounded background suited to bringing a seamless process to the Asset and Property Management functions for Accelerated Development.
“As Accelerated grows our portfolio of assets, it is important that the management of our properties is held to the same high standards as our development process,” said Dave Cheatham, managing principal for Accelerated. “Bringing Debbie on board to oversee these functions gives our partners a continuous high level attention to detail from the first letter of intent on through a tenant’s lease renewal,” he added.
Prior to joining Accelerated, Debbie spent 17 years as the Director of Property Management and Leasing for a local commercial real estate development firm in North Scottsdale where she was responsible for managing leasing and property management functions for a portfolio of over 700,000 square feet. This included handling project management for tenant improvements, property management for the entire portfolio, leasing, lease negotiations and tenant relations.
Debbie holds an Arizona real estate license and obtained her Certified Property Management® designation in 2003. She is a current member of the Institute of Real Estate Management (IREM®) and served two years on IREM’s Board of Directors as the Education Chairman.
Accelerated is a subsidiary of Velocity Retail Group, and continues its interest in build-to-suit and buy-to-suit opportunities for retailers looking to expand in markets where there may not be quality real estate available. They have primarily focused their efforts on the markets in the Southwest from Texas to California.