Rock Creek Takes Leasing In-House, Hires Mangum to Lead Effort
- Mar 25, 2010
March 25, 2010
By Allison Landa, News Editor
Washington, DC and Rockville, Md.-based commercial real estate investment firm Rock Creek Property Group is taking leasing internal with the appointment of Tricia Mangum as in-house leasing manager. Mangum’s first project will involve leasing the 66,000 square-foot Prosperity Center in Leesburg, Va.
Before coming to Rock Creek, Mangum was with Nellis Corp. in Rockville for more than a decade, beginning her career as property manager and then working her way up to leasing manager for the firm’s retail portfolio. She managed more than 415,000 square feet in the Washington metro area and closed $8 million in new retail lease transactions in 2006. After leaving Nellis, she worked as a leasing representative with the Maryland-based Carl M. Freeman Companies, closing $11 worth in transactions.
Rock Creek acquires, finances, develops, constructs, leases, and asset-manages real estate throughout the Mid-Atlantic. The company acquires properties in a variety of ways including direct fee simple transactions, loan and distressed sale acquisitions, purchase of partnership interests and joint venues. In total, the firm’s principals have purchased more than $250 million worth of real estate comprised of more than two dozen assets, and in December 2009 Rock Creek closed on its first opportunity fund, an investment vehicle targeting value-add assets.
“Our management style and approach to each project is hands-on, which is the only way we can responsibly safeguard and channel our own resources and that of our investors, lenders and partners,” the firm’s website reads. “We are the go-to firm for sellers looking for competitive pricing and clean settlement terms, lenders looking for comprehensive operating platforms, and investors seeking comfort in achieving that delicate balance between risk and return.”