Tuesday, August 9, 2011

Atlantic | Pacific Companies Announce New Property Management and Receivership Assignment for Star Tower in Downtown Orlando, FL

MIAMI, FL (Aug. 9, 2011) – On August 1, 2011, Atlantic | Pacific Management (A|P Management), the property management and leasing subsidiary under Atlantic | Pacific Companies (A|P), became the new property management company for Star Tower (top left photo)in Downtown Orlando, Florida.

 Under the new agreement, A | P Management will be providing a full slate of property management, management of the condominium association and full complement of accounting services.

 In June, 2011, A|P’s COO, Randy Weisburd (middle right photo), was appointed Receiver for Star Tower as well. Under Mr. Weisburd’s direction, Atlantic | Pacific Advisory Services (A|P Advisory Services), A|P's real estate advisory & asset management platform, is overseeing the management of the project, including its 48 unsold residential units and one commercial unit. 

Star Tower is Downtown Orlando’s first boutique style high-rise condominium, located in the South Eola District, which is considered one of the city’s most desirable and trendy neighborhoods. The condominium includes a rooftop pool, a spacious fitness center, and a central community room. The 19-story project was built in 2007 on .60 acres and has a total of 101 units.

 In response to A|P’s increased presence in Orlando with the management assignments of Paramount at Lake Eola and Star Tower, Randy Weisburd, Chief Operating Officer of A|P states “A|P continues to increase its residential portfolio in Central Florida over the first six months of 2011, and A|P has grown its commercial property management platform by over one million square feet in Florida and the Southeast.

“Our success in the first half of the year is a testament to our growing reputation as a company that delivers quality service in an array of platforms.”

 For more information, please contact Randy Weisburd at rweisburd@apmanagement.net.

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