HOOVER FINANCIAL ADVISORS ADDS INVESTMENT ANALYST

Thomas Balis

Malvern, PA – Thomas Balis, a highly experienced financial services professional, recently joined Hoover Financial Advisors, PC (HFA), as an investment analyst. His appointment was announced by Pete Hoover, president and CEO of the firm.

Prior to HFA, Balis managed 21 H&R Block retail tax offices in Orlando, Florida. Before that, he was first vice president, district manager for 16 JP Morgan Chase Bank branches in Tampa. He and his family relocated to King of Prussia earlier this year and he worked as a part-time consultant for HFA. His background, investment expertise and keen analytical skills prompted Hoover to create a permanent position for the value-driven analyst. He holds a bachelor’s of science degree in Business Administration from Ohio State University.

Balis’ responsibilities include reviewing assets of HFA clients and recommending how to best allocate their money. “We are pleased to have Thomas on the team,” remarks Hoover. “His skills and knowledge of finance and banking promise to be rewarding for HFA clients.”

“I’m thrilled with this opportunity,” says Balis. “Working with a team of high caliber experts is invigorating. The diversity of talent is top notch. In many financial planning firms, clients don’t have such a range of services. Only one slice of the business is available. At HFA, everything from tax advice to insurance counsel and more is under one roof.”

HFA, which is headquartered on Moores Road in Malvern, was launched in 2005 by Pete Hoover, who has been an independent financial advisor for more than 30 years. Since its inception, HFA has quadrupled in size. In addition to the new investment analyst, employees include certified financial planners, financial advisors, insurance and tax specialists, attorneys, a certified portfolio manager, and an information services manager. In 2012, HFA was selected as Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at http://www.petehoover.com or call 610.651.2777.

Phillipsburg Mall Sold

Census Bureau map of Lopatcong Township, New Jersey (Photo credit: Wikipedia)

Vacancy-plagued Phillipsburg Mall has been sold after nine months on the commercial real estate market.

Pennsylvania Real Estate Investment Trust announced Thursday it sold the mall for $11.5 million, giving the company a 9.8 percent capitalization rate on its investment.  The buyer is Mason Asset Management of Great Neck, N.Y.

Mason owner Elliot Nassim said his company specializes in the redevelopment of malls. “We hope to bring some new tenants to the mall,” he said.

Phillipsburg Mall is a 574,000-square-foot shopping center straddling Lopatcong and Pohatcong townships. It is anchored by Kohl’s, Sears, Bon-Ton and JC Penney.

Read more:  http://www.mcall.com/business/mc-phillipsburg-mall-sold-20130111,0,6549066.story