The group has closed nearly 350 self-storage transactions totaling more than $3.5 billion
February 7, 2019: The Mele Group, a self-storage investment team has joined real estate firm Cushman & Wakefield (C&W). It will be based in the company’s Tampa, Florida location. The Mele Group is led by Michael Mele. The group had been the predominant self-storage advisory team for commercial property-investment firm Marcus & Millichap (M&M).
The Mele Group has a huge client base which includes individual property owners, real estate investment trusts, and private institutional-level funds and firms. The company has closed 48 deals involving 63 properties in 16 states in the year of 2018.
Mele and his 16 members team will work closely with C&W self-storage brokers.
“Self-storage is a high-demand market that has grown exponentially since our team started out two decades ago” Said by Mele
Mele joined M&M in 1999 as an agent specializing in the self-storage sector. Now he holds the position of executive managing director of investments. He ranked among M&M’s top 20 agents five times and was the No. 1 National Self Storage Group agent on six occasions. He earned four “Chairman's Circle of Excellence” awards, five “Chairman's Club” awards, 15 “National Achievement Awards” and 17 “Sales Recognition Awards.”
Cushman & Wakefield (C&W) founded in 1917. The company offers a complete range of services for all property types including consulting and appraisal, corporate services, debt and equity financing, investment banking, leasing, sales and acquisitions. The firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services.