Commercial property-investment firm Marcus & Millichap has promoted associate director Luke Elliott to senior associate and director of its National Self Storage Group (NSSG). Elliott, who is also part of The Mele Group, the firm’s predominant self-storage advisory team, was also named a top agent in 2015, ranking fifth in the company’s Tampa, Fla., office and eighth overall for NSSG.
Elliott joined Marcus & Millichap in 2012 and was named associated director of NSSG last year. During his time with the firm, he has earned the company’s Sales Recognition Award for two consecutive years and last year received its National Achievement Award. So far this year, he’s second among agents in the Tampa office.
Elliott got his start in commercial real estate in 2007 with Prudential Commercial Real Estate FL. He ascended to senior associate at Prudential in 2009, leading the firm's Tampa-based industrial group, according to a company press release.
The Mele Group is Marcus & Millichap’s top self-storage advisory team, according to the release. The group's client base consists of individual property owners, real estate investment trusts, and private institutional-level funds and firms. In 2015, the group closed 47 self-storage transactions in 11 states for more than $280 million.
Marcus & Millichap has more than 1,500 investment professionals in offices throughout the United States and Canada. The company closed more than 7,600 transactions in 2014 with a value of approximately $33.1 billion.