TEIR REIT is ownership
Amerimar Enterprises, Inc. is a Philadelphia-based real estate investment company that has emerged as a leader in the redevelopment and repositioning of office, hotel, retail and multifamily properties. Amerimar currently owns and manages approximately $800 million worth of various real estate assets located throughout the country. This includes nearly seven million square feet of office and retail, 1,565 hotel rooms, and 1,625 rental apartment homes. Over the past two decades, Amerimar has built a national reputation for renovating and aggressively managing underperforming properties. Along with this wave of dramatic construction and renovation projects, the company has also established its ability to adeptly manage these properties once they have been stabilized. The principals of Amerimar Enterprises, Inc. are Gerald M. Marshall, Jon A. Cummins and David Hagan.
Amerimar currently manages a diverse portfolio of properties nationwide spanning multiple product types and asset classes. Within the Philadelphia area alone, Amerimar manages four properties comprising over 3.6 million square feet, including the landmark Wanamaker Building. Although the bedrock of Amerimar’s reputation is its ability to reposition underperforming office properties, its track record of continuing performance speaks to the quality of personnel and organizational infrastructure. Amerimar’s significant management experience has ensured The Wanamaker Building’s leasing success and its thorough management program at 1528 Walnut Street garnered the prestigious “Building of the Year” award from The Philadelphia Business Journal in 1994. In addition, Amerimar has received the Philadelphia Business Journal’s “Office Lease Deal of the Year/Urban” for 2003, 2007 and 2008, and was the runner-up in 2006.
- Worked with Center City District (“CCD”) to install lights on the top of The Wanamaker Building to illuminate City Hall.
- Converted floors 4 and 5 from retail to office between 1997 and 1999.
- CCD Chestnut Street Revitalization Project – Painted exterior and refinished metal street level to 3rd floor cornice for all building elevations, Chestnut, Market, Juniper and 13th Streets in 2002.
- An artisan chiseled “The Wanamaker Building” into the third floor granite façade cornice above the main Juniper Street entrance to the building in 2005. The Philadelphia Historic Commission approved the project.
- Replaced the 10th floor cornice lighting in 2009 and 2010.