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VOL. 127 | NO. 40 | Tuesday, February 28, 2012

Miconi Finds Success During First Year

By Sarah Baker

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Start-up firm Miconi Project Management has completed several projects in the Memphis area in recent months, and has more in the pipeline.

Warren Miconi founded the firm on April 1. It provides real estate project management and consulting services to clients with operations in Mississippi and the Mid-South.

“The first year was really such a success,” Miconi said. “The biggest hurdle I’m finding … is getting the word out to people that I can help them. That there is an option for them to go out there to give them expertise when they’re building, developing, renovating or relocating a facility.”

The most recent deal Miconi Project Management has touched is acting as an owner’s representative for the expansion of LifeDOC Diabetes & Obesity Clinic in the Cresthaven Professional Building at 1068 Cresthaven Road, suite 300.

LifeDOC’s owner had worked with Miconi in the past and contacted him about 90 percent into his expansion plans at the East Memphis office building. LifeDOC expanded from 4,191 square feet to 8,134 square feet, renovating a few existing offices while adding a new lobby, ophthalmology practice, additional exam rooms and a hydration/patient area.

Patrick Reilly with CB Richard Ellis represented the landlord, American Strategic Income Portfolio-III, and the tenant hired Miconi to represent its interest.

“He called me out of the blue, they had a lot of their programming done, and I just jumped in and said we can do this with the furniture and we made some other changes in the project,” Miconi said. “They have an office manager, Eliza Castillo, that I worked very closely with and the COO, Dwight Cowan, but they kind of really relied on me to help make sure that we got the best value, the best functionality out of the space.”

Another set of projects Miconi Project Management has been involved with entailed working with Southaven utility company Atmos Energy Corp. in the development of two Silver LEED-certified facilities in Mississippi. Both service centers opened in September.

“The first year was such a success. The biggest hurdle I’m finding ... is getting the word out to people that I can help them.”

–Warren Miconi

Founder, Miconi Project Management

In Greenville, at 782 U.S. 82, Atmos’ facility spanned 8,063 square feet, with a new warehouse of 5,501 square feet and a completely renovated office that was 2,562 square feet. Malcom Kretschmar of Kretschmar Realty Inc. represented Guarantee Bank on the sale.

Meanwhile, Atmos built a 9,821-square-foot facility in Natchez with 4,320 square feet of new office and 5,501 square feet for a new warehouse. Glen Green represented the seller of the land.

And while it never materialized, Miconi also assisted a then Tunica-based Jimmy John’s franchisee in Southaven in the scheduling and construction budget.

“They hired me, I got everything teed up to go, and then we got caught in lease negotiations,” Miconi said. “I come from a real estate company, I don’t lease, but I do critically analyze documents for my clients. And I told them of the liability that the lease had in it for them; it didn’t give them a timeframe and they were on a timeframe. After going round and round with the landlord and the landlord’s agent in North Mississippi, they said you know what, this isn’t the timing for us, and they literally picked up and left. They weren’t going to stick around for something that wasn’t going to get done for them and they were happy as could be about that.”

Miconi Project Management is currently working on a convenience store renovation, among other deals. Only one other person besides Miconi assists in the transactions, and that’s intern, former University of Memphis quarterback and University of Mississippi student Matt Malouf.

Miconi Project Management has a website, miconipm.com, and is on Facebook, Twitter and LinkedIn. Miconi recently joined the DeSoto County Economic Council and is busy cold calling and networking to inform others of his new business venture and the potential savings he brings to the table.

“I do bring a value to help clients save money in the construction and project development process – helping them save money on construction, save money on their furniture budgets,” Miconi said. “I have the ability to customer tailor my services to a company’s needs and really present myself as an organic part of the team without having to have the corporate banner above me. My company can literally disappear into my client’s company.”

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 15 91 4,519
BUILDING PERMITS 210 932 42,157
BANKRUPTCIES 62 299 16,691
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 16 96 5,381

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