Kevin Pelio
By Joshua Burd
The Azarian Group LLC, the Midland Park-based commercial real estate firm, has promoted Kevin Pelio to executive vice president.
The company on Tuesday said Pelio, who joined its team in late 2021, has been a key contributor in leading the leasing and property management departments through merchandising mix and leasing strategy, budget forecasting, capital expenditure allocations, day-to-day property management oversight and tenant fit-out construction management for its third-party portfolio of commercial properties. Since then, he has directly overseen new lease negotiations for 160,000 square feet of retail and office space with local, regional and national tenants, bringing the portfolio’s occupancy to 92 percent.
In an expanded role, Pelio will continue to focus on the core business functions as well as the implementation of new business development and assignments, interdepartmental staffing and coordination and vendor administration.
“Kevin has worked hard to launch us from a portfolio pandemic low of 76 percent occupancy to a current high of 92 percent, which has included 42 new leases during his short tenure,” said John M. Azarian, CEO of The Azarian Group. “His vision and knowledge of new and innovative concepts have propelled us forward during this challenging time.”
