New Experts Join and Expand Highly Respected Team
Philadelphia-based Stockton Real Estate Advisors has expanded to meet the growing needs of existing and new customers affected by the economic stresses brought on by the COVID-19 pandemic. “The pandemic has claimed far too many lives and affected so many people,” says Founder Jim Paterno. “Economically, the effects have been devastating for many industries, and lifestyles and workstyles have changed dramatically. As we move toward the second half of the year, the aftershocks of the pandemic will be felt throughout commercial real estate. Stockton is well positioned to help current and new customers navigate this challenging moment in time.”
Stockton is consistently recognized as one of Philadelphia’s leading boutique commercial real estate firms. We provide a wide variety of commercial and real estate services with a focus on value creation. Our firm’s expertise includes tenant and corporate advisory, property management, landlord advisory, asset management, and direct investment in the office, medical/life sciences, distribution, mixed-use and multi-family property sectors.
To expand services to customers, Stockton has added two members to our outstanding team. Alan Jovinelly is the new Vice President, Receivership Services. Mia Brown is now a Property Manager working with the well-established Property Management group headed by Guy Pierce. Both joined Stockton in February.
Stockton pursued Jovinelly for his broad experience over his 37-year career as a developer, banker and regulator who intimately knows all aspects of commercial real estate. Paterno calls him a “…rare find whose exceptional abilities, values and style meld very well with the Stockton culture.” Jovinelly stepped out of semi-retirement to fulfill a desire to help the real estate industry rebound from the crisis. In addition, the Philadelphia native looks forward to working with Paterno and the Stockton team, “Stockton has a reputation of not only being good at every aspect of what they do, but also caring about clients and employees. My job is to expand that and make it even better…to minimize the negative effects of what is likely to be a difficult process for certain commercial real estate owners, users, and lenders.”
Mia Brown’s path to Stockton is quite different from Jovinelly’s. It is, in fact, serendipity. Born in West Chester then raised in North Carolina, she came back to attend West Chester University. After graduation she worked as an editorial assistant then a paralegal. While looking for an apartment in Rittenhouse Square, she was talking with her potential landlord at one complex who happened to the son of the CEO, and the CEO needed an executive assistant. “I went looking for a place to live and also found a new job AND a new career,” at AMC Delancey, Inc. A year later she moved into property management.
Immediately prior to joining Stockton in February, Brown spent seven years as Property Manager at Franklin Residential. “I learned everything – acquisition, construction, renovation, refinance, development and tenant services. And now with Stockton, I can put that all into the expansion efforts here.” Pierce agrees: “We are proud to have a property manager of Mia’s caliber and experience. Our property management scope has grown so quickly that we needed to find the right person to support our multi-family residential property management assignments and carry out our operating procedures and customer relations. And we did.”
Creating the right culture is the core of Founder Paterno’s vision. “We are proud of Stockton and what we have built and the people who are part of it,” explains Paterno. In 2019, Stockton was awarded the CoStar Power Broker Award. Also, in 2019, Stockton’s Mike Dolan received the Power Broker Award as a Top Office Leasing Broker. The Philadelphia Business Journal named Stockton one of the Best Places To Work in 2018, 2019 and 2020. “This expansion is representative of the investment we are making to strengthen our team and deepen our resources. We will get even better. Our vision is to stay ahead of the market with our eye on the future. Stay tuned.”