January 23, 2017 DevilFoehn

Commercial Real Estate Industry Expert, Tony Nichols, Joins Workspace Property Trust as Senior Vice President

PHILADELPHIA, Jan. 23, 2017 /PRNewswire/ — Workspace Property Trust (WSPT) welcomes industry expert, Tony Nichols, to their executive team as Senior Vice President. Nichols brings with him years of fundamental knowledge in asset management, development and leasing. He joins Workspace Property Trust from Liberty Property Trust where he held the position of Vice President & Market Officer for suburban Philadelphia.

“We are extremely fortunate to have Tony become a senior member of our team,” said Roger Thomas, WPT President and COO. “Tony has decades of knowledge and experience in the commercial real estate industry in general, and with much of our portfolio in particular. He is a well-respected executive throughout our industry, with an esteemed record of success, and is the perfect complement to our team of progressive professionals. Tom Rizk and I are extremely excited to have Tony join us.”

Nichols’ professional footprint includes prominent positions and groundbreaking involvements within the industry. From 1989-1996, he was Vice President of Marketing and Property Management for the Nichols Company, a private commercial real estate developer. Nichols played an instrumental role in the Nichols Company before and during its merger with Brandywine Realty Trust in 1996. Nichols has 19 years of NYSE publicly traded REIT experience.

He holds a Bachelor of Science degree in Economics from East Carolina University and a Masters of Business Administration degree from St. Joseph’s University in Philadelphia. An active member in the Philadelphia CRE community, he is both a former president of the Greater Philadelphia Chapter of the Commercial Real Estate Development Association (NAIOP) and a past member of NAIOP’s National Board of Directors. 

In 2016, Workspace Property Trust acquired 108 office and light industrial buildings, plus 26.7 acres of land in PA, MN, FL, MN and AZ in a $969 million-dollar deal with Liberty Property Trust. This deal added to their preexisting 2.3 million square-feet, 41 building portfolio in Horsham, PA; bringing their total to 149 buildings and 10 million square-feet of office and office-light industrial properties throughout the United States. The acquisition has put Workspace Property Trust at the forefront of suburban commercial real estate and positioned the company as a leading suburban landlord.

For more information, contact Diana Vilares at dvilares@workspaceproperty.com or call 215.328.2746.

About Workspace Property Trust

Workspace Property Trust owns and operates 149 buildings consisting of approximately 10 million square feet of office and office-light industrial properties in the United States. Founded and led by Thomas A. Rizk and Roger W. Thomas, Workspace Property Trust is a privately held, vertically integrated, full-service commercial real estate company specializing in the development, management, and operation of office and light industrial space in large metropolitan suburbs. Workspace Property Trust is a partnership among Rizk Ventures, Safanad, Square Mile Capital, Forum Partners, JMP Group, and EverWatch Capital. www.workspaceproperty.com

Source: Philadelphia Business Journal