Milestone Properties, Inc.

Type: Private
On the web: http://www.milestonepropertiesinc.com

Milestone Properties owns about 30 shopping centers and other commercial properties, most of them in the Southeast. The properties, which total approximately 1.2 million sq. ft. of gross leasable area, are managed, leased, and maintained by Milestone Property Management. Milestone Properties is growing through acquisitions of non-anchored centers that have several smaller tenants instead of being dominated by a grocery or big-box store. It generally seeks out newer properties priced between $3.5 million and $15 million. Company officers (and brothers) Leonard and Robert Mandor took Milestone Properties private in 2001 by merging it into a subsidiary of their Concord Assets Group.

Officers:
Chairman and CEO: Leonard S. Mandor
President and CFO: Commercial Real Estate Management

Competitors:
DDR
National Retail Properties
Ramco-Gershenson