Gary Rosetti Retires from Mladinich Holdings LP/COMVEST Properties LLC

_Comvest-Gary-099-B(1)
PRESS RELEASE

FOR IMMEDIATE RELEASE

Gary Rosetti Retires from Mladinich Holdings LP/COMVEST Properties LLC

Biloxi, Mississippi – After over 40 years working as an Accounting Manager for Mladinich Holdings LP and COMVEST Properties LLC, Gary Rosetti, CPA, has retired.

Gary, joined the Mladinichs in the late 1960s to oversee the payroll and other accounting duties of the family’s many Biloxi hospitality enterprises. He went on to become a Certified Public Accountant and an auditor for the Defense Contract Audit Agency (DCAA), the Department of the Navy and the Office of Inspector General of Homeland Security. While with DCAA, Gary was Branch Manager of the Gulf Coast Branch Office. During this time, he remained a close advisor and friend to family patriarch, John Mladinich.

In 2011, Gary became affiliated with commercial leasing operations for COMVEST Properties in conjunction with Mladinich Holdings. In the position of Accounting Manager, he maintained accounting records, payroll preparation, processed vendor invoices for payment, monitored tenant lease payments, and ensured proper insurance coverage of COMVEST’s retail assets. He was also responsible for the annual reconciliation of CAM/Insurance and Taxes with each tenant, as required by lease agreements.

The Mladinich-Holstein family and the associates of COMVEST Properties extend their best wishes to Gary for a happy retirement.

About COMVEST Properties, LLC: Together with its affiliate, Net Lease Developers, COMVEST Properties, LLC, are active developers of shopping centers and single tenant net leased properties. For more information about COMVEST Properties visit COMVEST.net.

For additional information contact:
Wendy Barthe Peavy, Director of Marketing
COMVEST Properties, LLC
228-594-3400 (office)
228-594-3401 (fax)
wpeavy@comvest.net
www.comvest.net

# # #

Lowes Foods Invests Over $1.5 million in Hickory NC Store

Over the summer the Lowes Foods at Mountain View Marketplace celebrated it’s “grand re-opening” following a $1.6 million remodel.

The store’s redesign is part of a companywide re-imaging campaign kicked off in 2014 to emphasize the grocer’s homegrown roots. The renovated stores offer more local products and produce, as well as local recipes and décor than in the past.

“We are a local product, therefore we support local,” said Tim Lowe, the president of Lowes Foods. “There are a lot of people that try to come in and say they’re local, but they are owned by folks in other states. They’re owned by companies overseas.”

He said that Lowes Foods works with more than 200 local farmers and has a partnership with N.C. State University to help farmers bring their products to market.

Read more about the “new” Lowes Foods at Mountain View Marketplace.

Sold: Shoppes at Beauvoir, Biloxi, MS

Biloxi, Mississippi – The development partnership of NLD Biloxi, LLC recently sold Shoppes at Beauvoir, a 6,300 square foot strip center, for $1.85 million. A former Blockbuster Video location on the corner of Beauvoir and Pass Roads, the building was redeveloped in 2013 and is now home to Firehouse Subs, an AT&T Authorized retailer, and The UPS Store.

The buyer, an undisclosed Louisiana investment company, was represented by Christopher K. Dozier of Retail Specialists, Inc. The sellers were represented by co-owner and developer, Doug Molyneaux, CCIM, of Catalyst Retail Developers.

“This re-development project was the vision of Doug Molyneaux, who actively negotiated the acquisition contract, negotiated the tenant leases and lease extensions, and led the marketing effort in the sale,” said co-owner and developer, Brooks Holstein of COMVEST Properties, LLC. “An aggressively structured and priced loan facility with Community Bank Coast, and Senior Vice President, Darney J Derouen, allowed the ownership to develop an appealing exterior elevation which helped attract an excellent mix of national franchise tenants.”

803_7168

Adam Mitchell Discusses Biloxi CRE with Southeast Real Estate Business Magazine

March 2016 – Our own Adam Mitchell was interviewed recently by John Nelson of Southeast Real Estate Business for his article entitled “Gulf South’s Market is Taking off”. In the excerpt below, Adam shares his thoughts on South Mississippi’s economic drivers and retail real estate outlook.

SREB03.p2

Southeast Real Estate Business is published by France Publications, Inc. For subscription information, visit www.REBusinessOnline.com.