ST. PETERSBURG — Greg Sembler will take over as CEO of the Sembler Company, the St. Petersburg-based firm that has developed more than 350 shopping centers throughout the southeastern United States and Puerto Rico. Sembler, son of founder Mel Sembler, will replace Ron Wheeler.
A graduate of the University of Pennsylvania’s Wharton School of Finance and Commerce, Greg Sembler joined the company in 1983 and has been active with Academy Prep Center of St. Petersburg, Congregation B’nai Israel, Menorah Center Nursing Home and the Florida Government Affairs Committee for the International Council of Shopping Centers. He will remain chairman of Sembler’s board and a "key part of our strategic team,'' said Chief Investment Officer Sean Davis.
Wheeler, who joined Sembler in 1997, "steered this company through a very transitional time in the commercial real estate industry,'' Greg Sembler said. Under Wheeler, Sembler maintained a consistent 95 percent or better occupancy due to its focus on service-oriented, grocery-anchored shopping centers at a time when many traditional retailers were hurt by online shopping.