Commercial Alliance Management growing strong - bizjournals:

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“Our challenge is to make sure we stay over the warm ocea nand don’t hit land,” Conrad says. The analog holds as the third-partyt leasing and management firm, a has picked up a number of high-profile assignments this year. Commercial Alliance Management has startedc handling new leasingfor ’s East Memphi s portfolio, which includes Parkway Forum I, II, III and Renaissancre Center. The company already does similar dutiesfor Parkway’e Downtown properties such as the Falls Morgan Keegan Tower and Toyota Center. The East Memphis and Downtowj properties consistof 1.19 million square feet of totaol office space.
“It will in no doubt have a positive impacrt on our EastMemphis portfolio,” Connie Kjellin, regional propert y manager at LLC, says. “We have been performing well out Eastat 93% but in this market we decided a more concerted efforg on new leasing was needed. Kemp and his team will go the extr a mile to ensure we see deales and that is what we need right In Midtown, Commercial Alliance also took over leasing at Union Centre, a 162,066-square-foot office property at 1331 Unioj near Methodist. The building is 47.9% occupied with 40,0009 square feet of contiguousspace available.
Farthefr east, it now handles leasing and managementat ’s Lakecresy III, a 131,528-square-foot office building at 6060 Primacy Parkwau and the 775 Ridgelake office a 110,729 -square-foot property. “That was a big win for us becauses on theoffice side, therre aren’t as many full-service opportunities as there used to says Conrad, also a senior vice presidentr at tenant advisory firm LLC. Commercial Alliancew also picked up leasing and managemenr at OneCommerce Square, after the 475,082-square-foot Downtown officse building went into foreclosure.
On the industrial Commercial Alliance has recently picked up leasinyg responsibilities at the former Reebok buildinfg at 3965Pilot Drive, which is 336,080 squarre feet, and the Caterpillare Building at 5000 Raines, whicj is 1.1 million square feet. This goes with the company’s leasingy and management responsibilitiesat ’s 789,291-square-foor Summit Distribution Center, Building II and leasing at 5.5 milliomn square feet of , Inc.’s Memphise portfolio. “We didn’t reallt have any standard distribution space, so those were reallu nice pick-ups because they gave us some Classs B portfoliowhich doesn’t conflict with our Class A Conrad says.
“What we’d really like to do next is get some producg inNorth Mississippi, because we don’tg have any there.” Commercial Alliance brokers Mark Jenkinsw and Phil Dagastino handle the company’s industrial leasing, whiles Conner Walker and Dagastino handle the new East Memphiw office leasing. Bentley Pembroke handlex leasing at LenoxOffice Park, 1669 Kirbt and Parkway’s Downtown portfolio. “That’s to make sure we manage conflict appropriately, because Lenox obviouslty competes with propertieslike Lakecrest. That’zs why we didn’t have one broker representingmultiple properties,” Conra d says.
This latest growth has led the compant to grow from 13 employees in 2008 to 22 employeesthis “It’s also really in an economy like this, to be able to offert people jobs and a career Conrad says.