Under New Management

Development Management Associates, founded about three years ago, has now officially launched a property management division. When Centrum approached the team about managing the property it consulted on at The Roosevelt Collection, DMA's Mike Levin andJason Westrope decided they'd take up the assignment, in addition to starting up a new venture with their partners at JMB Financial Advisors called dma|property. The new division already has two more assignments downstate, the Shoppes at College Hills in Normal and the Shoppes at Grand Prairie in Peoria.
 
dma|property won't be looking at just any property to manage. Jason and Mike say they'll be selective and tend to stay within their specialty areas of retail and mixed-use properties, depending on their existing clients' needs. They're looking at two new ventures— one in the suburbs and one in the city—to expand their property management base. By partnering with a leasing team and having a principal accessible to clients, dma|property's hoping to supplement the client base of its parent development and consulting firm.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

What's At Stake For CRE In Tuesday's U.S. Midterm

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Obama Center Shows Chicago Is Starved For Development

Mapped: Major Chicago Office Sales Since 2024

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown