Realty Capital Principals Start Retail Development Company

ORLANDO, Fla. (December 18, 2006) – Jeff Brock, CCIM, SIOR, founder of Realty Capital, and Jim Wilder, CCIM, SIOR, senior vice president, have teamed up to form Brock-Wilder Partners, Inc. – a development company that focuses on anchored retail centers in Florida.  The two will maintain their roles at Realty Capital and will operate this new development company in conjunction with the firm’s platform of services, which include brokerage, property management, and investment and land sales.

Brock-Wilder will also develop in-fill parcels of land up to 100 acres, sell off non-retail components and retain and develop the retail.  The two are currently developing West Volusia Towne Centre, a Kohl’s-anchored retail complex in Orange City that is scheduled to fully open in Summer 2007. 

“Jim and I are doing what we’ve always encouraged at Realty Capital, and that is entrepreneurship,” said Brock.  “Many members of our team are involved in their own development and investment projects, which, in turn, provides our clients with even more perspective and an in-depth level of service.  That’s definitely something that sets our firm and our people apart.” 

Brock adds that with the retail market maintaining its overall strength in Metro Orlando and in the state, the time was ripe to form the development company.  “There are numerous pockets and underserved areas in the region and throughout the state to bring in anchored retail and meet the demands of residents,” he said.  “Brock-Wilder will partner with individual investors and land owners to develop retail centers, and we expect to make some announcements in the next few months.”

Realty Capital’s entrepreneurial platform also extends to an affiliated real estate investment company (Realty Fund) that Brock and partner Charles Frederick founded.  Principals of the firm co-invest in properties with individual investors.  Realty Fund currently has a roster of three properties:  the McLeod Commerce Center in southwest Orlando; Maitland Exchange, which was recently converted to office condos; and the Renaissance Center in Ormond Beach. 

About Realty Capital – Realty Capital., is one of the few and largest privately held full service commercial real estate brokerages based in Orlando, Florida and operating in the seven-county Central Florida region.  The firm consists of three divisions -- brokerage, property management and development services – and has a 40-member professional staff.  Realty Capital has national and international capabilities through its affiliation with TCN Worldwide, a global network of firms in more than 210 markets worldwide with over 1,200 brokers.                                                                  

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