CORFAC News

CONTACT:
Matt Paul
Podolsky Circle
847.444.5748

Michael Millar
Real Estate Communications Group
312.644.7211

Riverwoods, IL  (January 21, 2013) — Circle Realty Advisors and Podolsky Northstar CORFAC International have merged to form Podolsky|Circle CORFAC International, creating a fully integrated commercial real estate advisor to the office, industrial and retail markets, offering expanded expertise in the areas of property and investment brokerage, tenant representation, property and asset management and advisory services for debt and equity.

Podolsky|Circle CORFAC International remains a trusted, relationship-driven advisor providing corporate and institutional quality service at an entrepreneurial level.

Alissa Adler, President and Founder of Circle Realty Advisors, and her team, together with the Podolsky team, deliver creative commercial real estate solutions with professional skill and integrity and are committed to their clients’ success.

“We meet our clients’ needs by providing timely, solution-driven strategies that exceed their expectations,” says Adler.  “Our clients sought out a real estate services provider with strengths in areas including due diligence, debt and equity placement, development, brokerage and management services.  We are that firm.”

“Podolsky|Circle customers include corporate (public and private), institutional, private investors, 501(c)3, lenders and special servicers who own, lend on, or operate commercial real estate,” added Randy Podolsky, SIOR, Managing Principal, Podolsky|Circle CORFAC International.  “Combining Alissa’s strengths and relationships with our depth of service makes us the premier real estate firm with over four decades in the forefront of real estate trends.  We are no longer the industrial-focused real estate family business we were decades ago.” 

With millions of square feet of assets currently under management, including office properties of 20-150,000 square feet in and around suburban Chicago, the firm also benefits from the broad national reach of CORFAC International.  Podolsky added, “Our affiliation with CORFAC allows us the capability to be the single services provider to our clients in all markets in North America, with a strong focus on the Midwest.”

The Podolsky|Circle team currently represents, or in 2012 represented, clients in a variety of services areas, including:

• The property management of a 120,000-square-foot office building in Evanston, IL.
• The refinancing of retail, industrial and office buildings valued at over $20 million for private investor clients.
• The investment sale of an 80,600-square-foot two-building industrial complex in Romeoville, IL on behalf of FirstMerit Bank.
• The acquisition of 17.5 acres of land in Melrose Park, IL on behalf of Menard, Inc.
• Tenant representation on behalf of New Breed Logistics, Inc., including approximately 1 million square feet of space in the Metro Chicago area in addition to six other states.
• Asset and property management in Alabama, Ohio, Wisconsin and Florida.
• Assets under management totaling over 4 million square feet.

Podolsky|Circle will operate from its corporate headquarters at Riverwoods Corporate Center, which Podolsky co-developed, as well as a Chicago-O’Hare office.

About Podolsky|Circle CORFAC International (www.podolsky.com):  The firm provides brokerage, tenant representation, acquisition, disposition, sale/leaseback, build-to-suit development, due diligence, property, asset and facility management, and acquisition, disposition & financial consulting services for industrial, office, retail and investment properties. Its management portfolio includes more than three million square feet, primarily in the Midwest.

About CORFAC International (Corporate Facility Advisors): CORFAC is one of the largest commercial real estate services organizations in the world. Founded in 1989, 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 1 billion square feet and valued at more than $16 billion. For more information on CORFAC, contact 703.532.6160 or visit www.corfac.com.