Commercial Alliance Management growing strong - bizjournals:

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“Our challenge is to make sure we stay over the warm oceahand don’t hit land,” Conrad The analogy holds as the third-party leasing and management a office, has picked up a number of high-profile assignmentsx this year. Commercial Alliance Management has started handlinbg new leasingfor ’s East Memphis which includes Parkway Forum I, II, III and Renaissancr Center. The company already does similarf dutiesfor Parkway’s Downtown properties such as the Falls Building, Morgajn Keegan Tower and Toyota Center. The East Memphis and Downtowb properties consistof 1.19 million squarw feet of total office space.
“I t will in no doubt have a positive impact on our EastMemphix portfolio,” Connie Kjellin, regional property manager at LLC, says. “W e have been performing well out Eastat 93% but in this market we decidede a more concerted effort on new leasinyg was needed. Kemp and his team will go the extrwa mile to ensure we see deal and that is what we needright now.” In Commercial Alliance also took over leasing at Union a 162,066-square-foot office propertty at 1331 Union near Methodist. The building is 47.9% occupied with 40,000 square feet of contiguoue space available.
Farther east, it now handlesx leasing and managementat ’s Lakecresy III, a 131,528-square-foot office building at 6060 Primacy Parkwahy and the 775 Ridgelake officde building, a 110,729 -square-foot property. “Thag was a big win for us becausee on theoffice side, there aren’t as many full-servics opportunities as there used to says Conrad, also a senior vice president at tenant advisory firm LLC. Commercial Alliancer also picked up leasing and management at OneCommerce Square, after the 475,082-square-fooyt Downtown office building went into foreclosure.
On the industriall side, Commercial Alliance has recently picked up leasiny responsibilities at the former Reebok buildinv at 3965Pilot Drive, which is 336,080 squarre feet, and the Caterpillar Buildinvg at 5000 Raines, whicu is 1.1 million square feet. This goes with the company’sd leasing and management responsibilitiesat ’s 789,291-square-footy Summit Distribution Center, Building II and leasing at 5.5 millionh square feet of , Inc.’s Memphids portfolio. “We didn’t reallt have any standard distribution so those were reallynice pick-ups because they gave us some Classe B portfolio which doesn’t conflict with our Class A portfolio,” Conra says.
“What we’d really like to do next is get some producgt inNorth Mississippi, because we don’t have any Commercial Alliance brokers Mark Jenkinsx and Phil Dagastino handle the company’sw industrial leasing, while Conner Walker and Dagastino handlew the new East Memphiw office leasing. Bentley Pembroke handles leasin at LenoxOffice Park, 1669 Kirby and Parkway’s Downtowhn portfolio. “That’s to make sure we managw conflict appropriately, because Lenox obviously competes with propertieslike That’s why we didn’t have one broker representing multipl e properties,” Conrad says.
This latest growth has led the compan y to grow from 13 employees in 2008 to 22 employeeathis year. “It’s also reallhy gratifying, in an economy like this, to be able to offefr people jobs and acareer path,” Conrad