NAI CIR co-founder Nalbandian returns to the business
The co-founder of Central Pennsylvania's largest commercial real estate firm has rejoined the company as a full-time agent.
Gary Nalbandian, who sold his ownership stake in the business in 2015 as agent Nik Sgagias was elevated to partner, joining Robin Zellers, president and broker of record, announced Thursday that he has decided to come back to Wormleysburg-based NAI CIR. At the time of the ownership sale, Nalbandian was 72.
He said by email that he will be selling and leasing, financing, consulting and developing exclusively commercial real estate.
"I just missed deal-making and had many requests from former clients to assist them with bank financing and real estate projects," Nalbandian said. "I've been doing doing it for 53 years, so it's in my blood."
NAI CIR got its start in 1970. Nalbandian served as chairman until 2015. When he sold the company, Nalbandian told the Business Journal he wasn't retiring and actually preferred the role of "rainmaker" for the company.
"He never really left," Zellers said Thursday. "Just relaxed for a bit and reset cause he loves the business. It gets in your blood. He's back at it."
Nalbandian also founded Commerce Bank/Harrisburg, which morphed into Metro Bancorp Inc., before being sold to F.N.B. Corp. of Pittsburgh last year.
He joined F.N.B.'s board following the sale of the Dauphin County bank. He exited the board earlier this year. F.N.B. said Nalbandian left to spend more time on his business and personal commitments. It did not stem from any disagreements.