CRE: Sembler and Berkley Development Enter Into Strategic Investment Initiative
(left) Mike Cohn, Berkley Development; (right) Ron Wheeler, The Sembler Company ST. PETERSBURG, FL – St. Petersburg-based The Sembler Company and Atlanta-based Berkley Development have entered into a new venture, working together on developing retail projects primarily in the southeastern U.S. Veteran developer Mike Cohn leads Berkley Development. Cohn has extensive experience managing retail and mixed use development, having co-founded Lennar Commercial and previously served as Executive Vice President at Cousins Properties. Sembler brings more than 50 years of experience in the commercial real estate industry to the venture, with a well-known track record of quality developments throughout the southeast U.S. and Puerto Rico. The Sembler/Berkley venture will seek out retail deals complementary to Sembler’s primarily grocery-anchored and single tenant built-to-suit strategy. Sembler CEO Ron Wheeler describes the venture as extending the company’s reach: “This p...