Commercial Alliance Management growing strong - bizjournals:

mastering-input.blogspot.com
“Our challenge is to make sure we stay over the warm oceamnand don’t hit land,” Conraxd says. The analogy holds as the third-partyy leasing and management firm, a office, has pickeds up a number of high-profile assignmentse this year. Commercial Alliance Management has started handlingf new leasingfor ’s East Memphisd portfolio, which includes Parkway Forum I, II, III and Renaissancr Center. The company already does similat dutiesfor Parkway’s Downtown propertieds such as the Falls Morgan Keegan Tower and Toyotaw Center. The East Memphis and Downtown properties consistof 1.19 milliohn square feet of total office space.
“It will in no doubr have a positive impac on our EastMemphis portfolio,” Connie Kjellin, regional property manager at LLC, says. “We have been performing well out Eastat 93% but in this marketf we decided a more concerted effort on new leasing was Kemp and his team will go the extrw mile to ensure we see deals and that is what we need righ now.” In Midtown, Commercial Alliance also took over leasing at Unio n Centre, a 162,066-square-foot office property at 1331 Unionh near Methodist. The building is 47.9% occupied with 40,0090 square feet of contiguoudspace available.
Farther east, it now handles leasing and managementat ’s Lakecresrt III, a 131,528-square-foot office building at 6060 Primacy Parkway and the 775 Ridgelake office building, a 110,729o -square-foot property. “That was a big win for us becausse on theoffice side, there aren’tf as many full-service opportunities as there used to says Conrad, also a senior vice presidenft at tenant advisory firm LLC. Commercialp Alliance also picked up leasing and management at OneCommerce Square, after the 475,082-square-foot Downtown officw building went into foreclosure.
On the industrial side, Commercia Alliance has recently picked up leasing responsibilitied at the former Reebok building at 3965Pilot Drive, which is 336,080 squarde feet, and the Caterpillar Building at 5000 which is 1.1 million square feet. This goes with the company’ s leasing and management responsibilitiesat ’s 789,291-square-foot Summiy Distribution Center, Building II and leasing at 5.5 millionn square feet of , Inc.’s Memphis portfolio. “Wse didn’t really have any standard distributionj space, so those were really nice pick-ups because they gave us some Classd B portfoliowhich doesn’t conflic t with our Class A portfolio,” Conrard says.
“What we’d really like to do next is get some producgt inNorth Mississippi, because we don’yt have any there.” Commercial Alliance brokerzs Mark Jenkins and Phil Dagastino handlw the company’s industrial leasing, whild Conner Walker and Dagastino handlse the new East Memphis offices leasing. Bentley Pembroke handles leasing at Leno xOffice Park, 1669 Kirby and Parkway’d Downtown portfolio. “That’s to make sure we manage conflictt appropriately, because Lenox obviously competes with propertieaslike Lakecrest. That’s why we didn’t have one brokeer representingmultiple properties,” Conrad says.
This latest growth has led the company to grow from 13 employees in 2008 to 22 employeeszthis year. “It’s also really gratifying, in an economt like this, to be able to offer peoplw jobs and acareer path,” Conrad says.