FRI Investors builds
on a proven track record in fast-developing markets in the Southeast. Its
earliest successes included the acquisition of several landmark
properties in the burgeoning Palm Beach County metropolitan area. Among
them were Concourse Towers, twin 10 story buildings in suburban West Palm Beach, which required upgrading and new leasing efforts to reposition the buldings and 470 Columbia Centre, a seven-building complex that
was renovated and repositioned with Mediterranean-style courtyards
and architectural features. Both of these properties
were repositioned, renovated and leased within 12 months of acquisition. Today,
the company controls some 300,000 square feet of commercial space.
FRI Investors' principals
bring the company and its partners the benefit of extensive
backgrounds in real estate and development, providing both
experienced management and access to other key players
in the industry.
Michael P. McCloskey
Chairman and Chief Executive Officer