PHILADELPHIA, PA – Grubb & Ellis Company today announced that Alfred W. Schwacke (top right photo), a 40-year industry veteran, has rejoined Grubb & Ellis as senior vice president in the company’s Philadelphia office.
Schwacke will focus on serving his existing client base and institutional investment sales.
“With more than four decades of experience in the Philadelphia area, Al has really seen it all. From leasing to sales to development and beyond, he brings a unique and valued perspective to client engagements,” said Wayne Fisher (middle left photo), executive vice president, director, of Grubb & Ellis’ Philadelphia office. “He will help us continue to build our local market presence and we are thrilled to welcome Al back to Grubb & Ellis.”
Schwacke opened the Philadelphia office of Oliver Realty in 1980 which was acquired by Grubb & Ellis in 1986.
During his tenure, he grew Grubb & Ellis into a major regional firm with multiple service lines, including transaction management, property management, architectural services and construction management.
He was instrumental in establishing relationships with institutional owners such as Prudential and Teachers Insurance and corporate tenants including Towers Perrin, Colonial Penn Life Insurance, PSFS and Campbell Soup.
In 1996, Schwacke opened the real estate division of Legg Mason, which was later acquired by Northmarq Advisors. Serving as executive vice president, his responsibilities included the development of corporate service accounts and oversight of client relationships. He also focused on brokerage of investment and industrial properties and portfolios, and provided consulting expertise to developers and owners.
Contacts:
Monica Sparreo Matthew Wright
312.698.6709 215.246.2725
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