The Azarian Group L.L.C. promoted Kevin Pelio to executive vice president, where he will focus on the core business functions as well as the implementation of new business development and assignments, interdepartmental staffing and coordination, and vendor administration.
Pelio, who joined the firm at the end of 2021, has been a key contributor in leading the leasing and property management departments through merchandising mix and leasing strategy, budget forecasting, capital expenditure allocations, day-to-day property management oversight and tenant fit-out construction management for the company’s third-party portfolio of commercial properties.
Since joining the firm, Pelio has directly overseen new lease negotiations of 160,000 square feet of retail and office space, across a broad spectrum of local, regional and national retailers, bringing the portfolio’s occupancy to 92%.
“Kevin has worked hard to launch us from a portfolio pandemic low of 76% occupancy to a
current high of 92%, which has included 42 new leases during his short tenure. His vision and knowledge of new and innovative concepts have propelled us forward during this challenging time,” John Azarian, CEO of the Azarian Group L.L.C., said.