CORFAC News

Falls Church, VA and St. Petersburg, Russia (August 22, 2012) – CORFAC International (Corporate Facility Advisors) 2012 President Doug Marshall announced that Bright Rich in St. Petersburg, Russia has joined the commercial real estate services organization as its first affiliate in Russia. CORFAC International is an entrepreneurial and leading commercial real estate services organization with market reach in 65 countries worldwide.

As a market leader in the industrial, office and retail sectors, Bright Rich/CORFAC International has worked with numerous high-profile international companies. 

Established in 2008 in St. Petersburg, Bright Rich provides real estate market analysis, tenant representation and landlord representation services in all of the major Russian commercial real estate submarkets. In St. Petersburg, the firm is ranked 4th among industrial brokerages, 5th in office brokerage, and 6th in retail.

“We’re extremely pleased that we continue to attract high quality professional firms like Bright Rich to CORFAC International. They share our organization’s standards of excellence and integrity and bring considerable opportunity for us to develop international business together,” said Marshall.

CORFAC’s point-of-contact for Bright Rich is Marina Kukharenko, Acting Head of Department/Foreign Markets.

Ms. Kukharenko cited the automotive industry and commercial investment sectors as key reasons for joining CORFAC International.

“Our focus, to serve clients in Russia, Europe and now North America, is enhanced by our affiliation with CORFAC International. St. Petersburg is known as the “Russian Detroit” for production facilities operated by Ford, Toyota, GM, Nissan and other automotive companies. In addition, Russian investors frequently seek to place capital in urban markets outside of Russia and CORFAC has representation in dozens of European and U.S. cities that are good investment markets,” said Kukharenko.

Visit www.brightrich.ru (for Russian) or www.brightrich.ru/en (for English).

CORFAC International has a specialty practice group doing a significant amount of business with the automotive industry, called the Midwest Group, and is comprised of a dozen CORFAC affiliates in as many states. Karbank Real Estate Company LLP/CORFAC International, based in Kansas City, MO, recently announced that the firm had completed a build-to-suit development lease and two additional lease transactions with two automotive industry industrial space occupiers totaling nearly 850,000 square feet. Olen Monsees, SIOR and President of Karbank, along with Senior Vice President Jack Allen represented LMV Automotive Systems in the site selection, incentive analysis and long term lease of a 212,500-square-foot build-to-suit in Liberty, MO. Allen also co-brokered two industrial leases with Comprehensive Logistics in Kansas City totaling 630,000 square feet.

Other CORFAC firms, including L. Mason Capitani/CORFAC International in Detroit, MI and Weber Wood Medinger/CORFAC International in Cleveland, OH have completed dozens of lease and sale transactions with auto-industry companies.

In recent months, CORFAC has added international firms in Germany (with a presence in Poland), Italy, Ireland, Greece, India and China, plus a North American firm in Saskatchewan, Canada.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is distinguished by the way it manages multi-market commercial real estate assignments on behalf of corporate entities and privately owned companies. U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services in North America, with coverage in South America provided by Panama-based Latin American Corporate Property Services. A Principal Member of FIABCI – the International Real Estate Federation with global affiliates in Europe and Asia, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged 10,000 completed transactions annually encompassing nearly 100 million square feet and valued at more than $6 billion. For more information on CORFAC, contact 703.532.6160 or visit www.corfac.com.