OREM, Utah (July 15, 2013) – ProEquity Asset Management announces it’s assignment to operate and lease Parvenu Plaza.
Parvenu Plaza is a 27,000 square foot mixed-use retail and office property that was taken in foreclosure. Parvenu Plaza will be operated by ProEquity until sale under LNR Partner’s REO management team. Led by their Utah leasing and management team, ProEquity Asset Management (ProEquity) secured the entry into a new market through LNR Partners of Florida.
LNR Partners is the world’s largest Commercial Mortgage Back Securities (CMBS) special servicer overseeing $25 billion of loans. ProEquity is one of LNR’s lead service providers for mid to smaller size properties throughout the Western United States.