David Germakian Joins MCB Real Estate as Senior Managing Director, Retail Development

MCB Real Estate, a national commercial real estate investment management and development firm with approximately $4.5 billion Assets Under Management (AUM), has selected David Germakian as Senior Managing Director, Retail Development. He brings more than 19 years of real estate and development experience to his new role, and was formerly Managing Director for EDENS, leading their Mid-Atlantic region and specializing in the development and redevelopment of open-air retail and mixed-use centers.

Germakian will lead the development and redevelopment of neighborhood and community shopping centers, lifestyle projects, and large mixed-use business communities in the MCB Real Estate portfolio on a national scale. His responsibilities include overseeing performance across the full project lifecycle, including site acquisition, entitlements, design and planning, construction execution, project phasing, and merchandising. Germakian will work collaboratively and establish relationships with local community leaders, investors and related stakeholders to achieve consensus building, uphold corporate values and drive successful development outcomes.

"MCB Real Estate is actively involved with a number of high-profile and multi-layered development initiatives, and David's measured approach, thoughtful tactics, and demonstrated track record will prove extremely valuable as our team navigates complex development processes," stated MCB Principal Drew Gorman, who leads MCB Real Estate's development team. "Our company's most essential resource is its people and, with David, we have brought to our team another professional recognized for his integrity and reputation. His industry expertise, leadership skills, and innovative foresight will make David a positive difference-maker in our organization."

MCB Real Estate has more than six million square feet of development projects underway, including VIVA White Oak, a $2.7 billion mixed-use retail, residential, and life sciences development in Silver Spring, Maryland; Century Marketplace, a $130 million mixed use retail and medical redevelopment in Brooklyn, New York; and various grocery-anchored shopping centers currently underway or slated for repositioning.

During his time with EDENS, Germakian led the redevelopment efforts of Cabin John Village and Burtonsville Crossing in Montgomery County, Maryland; Uptown Park in Houston; and Closter Plaza in Bergen County, New Jersey, and was part of the team involved with mixed-use projects including South Bay in Boston and Mosaic District in Fairfax County, Virginia.

"I see tremendous opportunity in joining a platform that continues to grow the way MCB has," said Germakian. "Being part of a firm with exposure to multiple asset classes not only gives you a broader lens to draw on real time insight, but also creates the ability to drive additional value from the other mixed-use project components by establishing and emphasizing a sense of place within the retail portion."

Germakian spent four years as an officer in the US Navy. He served as First Lieutenant on the USS PREBLE, a guided missile destroyer based in San Diego, California and completed two deployments to the Persian Gulf. He holds a Master's of Science in Systems Technology from the Naval Postgraduate School in Monterey, California and a Bachelor of Arts in Biology from Harvard University.

About MCB Real Estate

Founded in 2007, MCB Real Estate is a community-centric, privately held national commercial real estate investment management and development firm headquartered in Baltimore, Maryland. MCB boasts a nationwide portfolio of approximately $4.5 billion in assets under management and owns or manages approximately 23 million square feet, with nearly six million square feet in its development pipeline. Property types include industrial, office, retail, mixed-use, multifamily, and healthcare. The firm offers a seamlessly integrated suite of commercial real estate investment services, including acquisitions, development, construction, asset management, property management, leasing, marketing, financing, and legal expertise, thus ensuring comprehensive support throughout every stage of an asset's lifecycle. Learn more at www.mcbrealestate.com