Dizengoff Group, an Israeli-based trading and real estate investment company, has relocated its U.S. operations to a new office building in Boca Raton to accommodate its recent growth. The company is leasing space at the Boca Corporate Plaza.
Dizengoff held an open house on June 16 to dedicate its new office and thank all of its colleagues and business associates who have become part of their U.S. activity. More than 100 business partners, friends and associates attended as well as company executives from the corporate office in Israel: President/CEO Menashe Zelicha, Shlomo Cohen, Vice President and Sassi Zelicha, a company Director.
Dizengoff Group established a U.S. presence two years ago to invest in income producing properties in Florida. To date, the company has invested $85 million mostly in quality anchored retail centers and bulk condominium deals. At this time, Dizengoff is mainly targeting acquisitions of retail centers and bulk condos in garden style and mid-rise developments.
“We feel we have an edge with sellers, especially lenders trying to dispose of troubled assets, because we have a proven track record of closing transactions and in a timely manner if necessary,” said U.S. Manager Ronen Saban. “Our experience over the past two years has given us practical knowledge on how to make deals work, especially those involving bulk condos with distressed associations.”
In addition to its new office space, Dizengoff also hired a new associate, Dalit Goren, to focus specifically on retail investments. Joseph Poveromo, also an Associate, will continue to handle the residential acquisition process.
About Dizengoff Group
Dizengoff Group (dizengoff-trading.com), affiliated with Dizengoff Trading Company, is amongst Israel’s longest-standing, most financially secure and reputable real estate companies, specializing in the development and management of residential and commercial properties. The company has been ranked amongst the top 50 service and trade companies by Dun and Bradstreet, reflecting its considerable financial strength and wide-ranging capabilities. The company has offices in Israel, the United States, the United Kingdom and the Czech Republic.