San Jose, CA (May 30, 2012) – In a move to intentionally grow its office, R&D and industrial brokerage business, Meacham/Oppenheimer Inc. has joined CORFAC International (Corporate Facility Advisors) as the new affiliate in Silicon Valley, announced Meacham/Oppenheimer/CORFAC International President Mike Messinger. His firm is rebranding to do business as Meacham/Oppenheimer CORFAC International.
2012 CORFAC President Doug Marshall said the addition of a locally owned and entrepreneurial commercial brokerage and property management firm like Meacham/Oppenheimer CORFAC International is consistent with CORFAC’s goals of growing its organization with like-minded companies and establishing offices in the top 50 Metropolitan markets in the U.S.
“Silicon Valley is obviously one of the top markets in the country and strategically important for us to have a presence there. We are thrilled to have Mike Messinger and his colleagues at Meacham/Oppenheimer CORFAC International on board,” said Marshall. Marshall is also a principal of The Klabin Co./CORFAC International and based in Los Angeles, CA.
Historically one of the top retail brokerages in Silicon Valley, in 2009 Messinger started to diversify Meacham’s business model by recruiting office, land and industrial brokers and more recently, by starting a third-party property management service and a development advisory practice. Messinger intends to continue growing the firm and earn a larger share of the technology business along with its dominant share of over 5 million square feet of retail space under its control.
Messinger runs the business with partners David Taxin and Josh Gispan. Altogether, the company has 16 commercial real estate brokers and is actively recruiting more.
“With some of our brokers focused on office and industrial commercial real estate services it made sense for us to align our firm with a well-respected organization like CORFAC International, which instantly connects us and our clients to over 150 markets worldwide plus provides our entire firm with additional resources such as corporate services, best practices/professional development education and marketing,” said Messinger.
CORFAC International has 47 firms in 67 North American metropolitan areas and market reach in 65 countries through its international affiliates and alliances. In recent months CORFAC has added affiliates in China, India, Greece, Germany and Italy. They are: Cresval Corporate Advisory Group (Shanghai), Narains Corporation (Mumbai), Ktimatiki Real Estate (Athens), Berendes & Partner Consulting GmbH (Hamburg) and IL PUNTO Real Estate Advisor (Milan).
Meacham’s recent decision to add third-party property management and development advisory services was largely client driven as well as an expansion of the company’s experience of managing properties that Messinger and his partners have acquired and managed for the last 15 years.
“We know the entitlement process from helping clients get their real estate projects approved so adding development advisory services was a natural extension of our core knowledge, and many of the investors that we have sold property to asked us to manage their assets after acquiring them – there is opportunity in this business niche and we intend to grow it,” Messinger said.
Meacham/Oppenheimer Development Services is managed by Larry Wallerstein and Tom Spilsbury while Meacham/Oppenheimer Property Management is overseen by Spilsbury.
Larry Wallerstein has a broad career as a real estate broker, real estate lawyer and real estate developer that spans 35 years of service to his clients and reflect his ongoing passion for all areas of real estate. Prior to joining Meacham/Oppenheimer, Wallerstein established the Building Sales Team for BT Commercial which sold or leased office, flex, R&D, and industrial buildings.
Tom Spilsbury is a broker associate and has worked in the commercial brokerage business since 1980 as a full-service Industrial/R&D Leasing, residential and commercial land sales and development in Silicon Valley. Prior to joining Meacham/Oppenheimer, Spilsbury was in the “Top Five” from 2004-2009 with Grubb & Ellis Company and earlier in his career he was a partner at BT Commercial for 23 years, specializing in negotiating the sale and leasing of commercial properties and land sales to developers. Spilsbury is also a commercial property investor and manages the buildings he owns.
For more information please visit www.moinc.net or call 408.378.5900.
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. 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 – and 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.