Jim Kovacs | Colliers International | Tampa

Jim Kovacs

Executive Managing Director

License # SL522546

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About

Professional Summary

Jim is a 32-year industry veteran and an expert in all facets of Retail Commercial Leasing and Tenant Representation, heavily specialized in strategic planning, brand roll-outs, legacy landlord relationships and deal negotiations. As senior broker and team lead for The Kovacs Retail Team, Jim has built a high-performing, world-class team that is highly sought after to work with. Jim is a trusted advisor to his clients with a proven track record of success that reflects his dedication to locating the right deals to fit the needs of each client. Jim understands that success is not just about getting a deal completed, but true success is keeping a client happy long term. He truly puts the clients first and his personal approach creates lasting business relationships. Jim is highly regarded within the brokerage community for his extensive experience, in-depth market knowledge and his insights on all things retail.

Some of the clients Jim has represented (many with multiple assignments) include: IKEA,  Academy Sports (multiple), TJX Companies (TJMaxx, Marshalls, and HomeGoods – over 75 units) Office Depot (over 40 units), Panera Bread (over 40 units), Ashley Furniture Industries (multiple units), and multiples of the all of following: Lowes, Home Improvement Store for both store acquisition and site disposition,  Floor & Decor, Cheddar's Scratch Kitchen, Pollo Tropical, Mission BBQ, Crunch Fitness, Bloomin' Brands, Cooper's Hawk, Banfield Pet Hospital, and more.

Accomplishments

By thoroughly studying demographics, tracking real estate inventory and retail absorption, Jim has become one of the most knowledgeable and successful retail specialists on the West Coast of Florida. Jim’s experience with tenant mix analysis has been beneficial in creating long term occupancy within the centers in his portfolio. Shopping Center redevelopment/leasing assignments include: Cypress Creek Town Center-Wesley Chapel, Drew 19-Clearwater (redevelopment including four new anchor leases), Northwood Plaza-Countryside (renovation, repositioning, and new Anchor lease), Palms of Carrollwood-Tampa (renovation, repositioning, including three new anchor leases), Cypress Point-Countryside (repositioning and re-Tenanting) and Woodlands Square-Oldsmar (anchor Tenant leasing). In the past five years he has completed approximately 191 transactions totaling approximately 4,000,000 square feet. The value of these transactions total in excess of $305 million.

Education

Jim joined Colliers International-Tampa Bay immediately upon graduating from the University of South Florida, Tampa College of Business. Jim holds a Bachelor of Science Degree in Marketing. A native of Stamford, Connecticut, Jim’s relocation to Tampa in 1984 followed a two year internship at Union Carbide’s World Headquarters and study at University of Connecticut.

Jim’s professional affiliations include memberships in the International Council of Shopping Centers, Colliers Retail Specialty Council, Colliers Retail Steering Committee, Chairman of Tenant Rep Council-East Coast Colliers Retail Services Group, USF Alumni Association, and the USF College of Business Leadership Program.

Memberships & Involvements

International Council of Shopping Centers

USF Alumni Association - Member

Member of USF College of Business Leadership Program

Clients

TJ Maxx, Marshalls, HomeGoods, Floor & Decor, Academy Sports, Panera Bread, Pollo Tropical, Rack Room Shoes, Office Depot, Anthony's Coal Fired Pizza, Cooper's Hawk, Banfield Pet Hospital, Crunch Fitness, Mission BBQ, Taco's & Tequila, Lake Park Diner, Uncle Juio's, Paul Martin's American Grill, Landry's, Saltgrass Steak House 

Services

Service Lines
Landlord Representation, Tenant Representation
Property Type
Retail

My Team

Featured Research
Nov 10, 2020
Activity & Optimism Returns
After months of little to no activity, the Tampa Bay retail market has begun its rebound. The global pandemic has impacted nearly every retail market across the country and the Tampa Bay retail market was not shielded from those effects either. However, the true impacts of the pandemic have yet to be seen locally, as overall market stats continue to remain nearly unchanged. Vacancy remains relatively healthy at 6.4 %, unchanged from the previous quarter and only marginally up from a low of 6.1 % that was experienced this time one year ago. As the market moves forward, it’s expected that vacancy will remain relatively flat as a mix of tenants that unfortunately will exit the market will be backfilled with those taking the current environment as an opportunity to expand and gain market share. During the quarter over 160 transaction occurred, up from 109 in the previous quarter, but still below the average of 180 that occurs each quarter.
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Apr 29, 2020
Challenges Ahead, Opportunities Will Arise
The first quarter of 2020 will forever be marked as one of the most dynamic quarters in history for the retail market in greater Tampa Bay. As the 2020 year began, activity throughout (sales, leasing, construction) remained brisk, with submarkets like South Tampa, Saint Petersburg and Wesley Chapel having experienced increased demand and activity. The food and beverage segment of retail was the driving force behind much of the activity. Interest rates were at near all-time lows, providing cost-effective financing that helped to bolster and carry on the 10-year record growth experienced throughout Tampa. Unemployment in the region, the lowest in recent history and well below the national average, was championed by many in the local market.
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Featured News
Apr 10, 2020
Healthy Amount of Space
For a decade, Tampa Bay commercial real estate developers have focused on experiential social properties.
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