Hue Chen (Retail CRE)

Miami-Fort Lauderdale Area Contact Info
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    Commercial Real Estate and Property Management

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I lead Saglo Companies which owns and operates shopping centers across the Southeast…

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  • Saglo Companies

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  • Despite sizable headwinds, some aspects of the retail real estate market showed signs of improvement in the second quarter.

    South Florida Business Journal

    'Essential' retail continues to outperform
    Miami-based Saglo Development Corp. this week closed on its fourth shopping-center acquisition since October.
    The commercial real estate firm acquired a 160,391-square-foot shopping center in Roswell, Georgia, a suburb of Atlanta. The property is anchored by Kohl’s and Michaels Stores, and is 96% occupied.
    Hue Chen, president of Saglo Development, said the company typically buys shopping centers that have what used to be called "daily needs"…

    'Essential' retail continues to outperform
    Miami-based Saglo Development Corp. this week closed on its fourth shopping-center acquisition since October.
    The commercial real estate firm acquired a 160,391-square-foot shopping center in Roswell, Georgia, a suburb of Atlanta. The property is anchored by Kohl’s and Michaels Stores, and is 96% occupied.
    Hue Chen, president of Saglo Development, said the company typically buys shopping centers that have what used to be called "daily needs" retail, but since the pandemic, is commonly referred to as "essential" retail: grocery stores, discount retailers, medical businesses and quick-serve restaurants.
    Saglo Development in April launched a $40 million fund that was completely subscribed to within a month-and-a-half, Chen said. Leaders at the company expected it would take a year to complete the fund. The hope is to buy another two or three shopping centers in the next six to nine months.

    Saglo's entire current portfolio is in Florida and Georgia, in large part because of population.
    "Population growth is the greatest fuel for the prosperity of retail," Chen said.

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  • Miami Based Saglo buys 4th Tampa retail center

    The Real Deal

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  • Okey Dokey Grocery Store article

    South Florida Business Journal

    Hue Chen is quoted as saying “Cases such as Okey-Dokey’s reminds us on how important a track record within the local geography is when evaluating a new tenant for your properties as a landlord,”

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  • Miami Herald people on the move

    Miami Herald

    Article regarding Hue Chen joining Saglo Dev.

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  • ICSC West Florida Conference

    ICSC

    Hue Chen is listed as panelist, representing LeadsCommunity, in discussing social media in commercial real estate.

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  • Leads Community Leasing 101 articles

    LeadsCommunity.com

    Various articles giving great tips for leasing professionals.

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  • SFBJ - Intracoastal Mall restaurant row article

    South Florida Business Journal

    Discussion on the re-development of Intracoastal Mall by bringing high end restaurants to a dilapidated portion of the property.

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Languages

  • English

    Native or bilingual proficiency

  • Spanish

    Elementary proficiency

  • Chinese

    Elementary proficiency

Organizations

  • YPO

    Member

    - Present

  • Big Brother Big Sisters

    Mentor for the School to Work program

    - Present

  • International Council of Shopping Centers

    Co-Chair of local events, speaker, discussion leader, committee member at various events

    - Present

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