Michael G. Zamagias has built a successful network of businesses offering services in commercial real estate development, leasing and property management, student housing, healthcare technology, banking/finance, and energy development.
Mr. Zamagias entered the real estate business in his early twenties as a residential salesperson. He soon moved into the commercial real estate business, establishing himself as a top commercial leasing agent. In 1984, Mr. Zamagias moved to Pittsburgh, and founded his own company that, in 1987, became Zamagias Properties.
In 1988, Mr. Zamagias launched his signature deal at Robinson Town Centre—a 766-acre, mixed-use, $500 million, three-phase development ideally located between downtown Pittsburgh and Pittsburgh International Airport on Routes 60 and 22/30 in Robinson Township. Partnering with Forest City Enterprises and the Edward J. DeBartolo Corporation, Mr. Zamagias helped orchestrate a brand new major market area with the three phases. Phase I—“The Plaza at Robinson Town Centre”—a 457,000 square foot “power center” featuring IKEA, HomeGoods,Jo-Ann’s, T.J. Maxx, Value City Furniture and Marshall’s is owned and managed by Zamagias Properties. Phase II—“The Pointe at North Fayette”—a fee-based development (featuring Target, Walmart, and over 400 hotel rooms and numerous restaurants) is now owned by others. Phase III—“The Mall at Robinson”—a 1.2 million square foot enclosed mall anchored by J.C. Penney and Sear’s now owned and managed by Forest City.
Launching off of his remarkable real estate successes, Mr. Zamagias has pursued business opportunities in other fields. His involvement with TeleTracking began in 1991 when the company was in its earliest phase as a start-up. Since then, TeleTracking has grown the niche it created into a multi-million dollar annual business that is now the recognized world leader in capacity management automation solutions for healthcare organizations. Mr. Zamagias is the majority owner and is responsible for all business operations of the company. A perennial KLAS category leader, it has grown by over 500 percent in the past decade and holds an 80 percent share of the penetrated capacity management market, with 2,000 applications in nearly 900 hospitals around the world. Clients include most of the nation’s top hospitals, as recognized by U.S. News and World Report, Thomson-Reuters and Becker’s Hospital Review.
In 2001, Mr. Zamagias partnered with Rabil Properties (to form RAMZ, LLC) in developing several mixed-use spaces in Richmond, VA—including a 5-story, student-housing (172 beds) and retail (15,000 s.f.) building located near Virginia Commonwealth University. Mr. Zamagias has pursued numerous other student-housing developments, most notably in 2009 with Bethany College in West Virginia.
Mr. Zamagias now owns a controlling interest in more than 1.6 million square feet of office, retail, and mixed-use properties located primarily in Western Pennsylvania.
In addition to real estate and healthcare technology, Mr. Zamagias has also pursued the banking and finance industries by co-founding Pennsylvania Capital Bank in 1991. (He was instrumental in the selling of this bank to Three Rivers Bank in 2001—which was later acquired by Huntington Bank.) In 2002, Mr. Zamagias began yet another new venture—the development of over 150 oil and gas wells in Pennsylvania.
Due to Mr. Zamagias’ love of food, in 2011, he decided to pursue the concept of a business that would employ and mentor entrepreneurial teens and adults from underprivileged backgrounds and purchased a fast-casual wood-fired pizza and sandwich concept called City Oven. City Oven is located in Mr. Zamagias’ Times Building in Downtown Pittsburgh.