Regis Property Management, LLC leased over eight hundred thousand square feet for the second half of 2014. These leases were achieved with new and renewing tenants representing over $35 million in gross effective rent.
One of Regis’s most significant transactions was Softlayer Technologies, Inc.’s move to over 120,000 square feet of space in Stanford Corporate Center. The deal was brokered by CBRE and Scott Porter, Regis Senior Vice President of Leasing.
Other new and renewed tenants include Pacific Union Financial, Roosevelt Management Company, Remington Hotel, Hausbeck Pickle Company, and Bryce Corporation.
Rick Conley, President of Regis Property Management, commented, “Scott Porter, Senior Vice President of Leasing, and Roland Chua, Vice President of Operations, have done a fantastic job implementing new leasing strategies for Regis’s commercial portfolio. We’re looking forward to an even busier 2015.”
With over 40 years in the real estate industry, Gene Phillips, advisory source to Pillar Income Asset Management, Inc., notes that the changes in the current market are in keeping with his experience through previous recessions, “The U.S. residential real estate market grew steadily in 2014, and I foresee even more growth in commercial real estate in 2015.”
Regis Property Management is an affiliate of Pillar Income Asset Management and currently manages 34 commercial properties comprising in excess of 6 million sq ft. Properties range from office, warehouse, industrial, to shopping centers. Regis was selected to manage the property portfolios for three publicly traded companies as well as several affiliated and nonaffiliated private companies. Our focus is on individual attention, innovation and customer satisfaction, a winning combination for everyone.
Pillar Income Asset Management, Inc. (www.pillarincome.com) is a Dallas-based real estate management company, which develops and manages in excess of $2.5 billion of real estate for public and private real estate entities. Affiliated companies under management or advisement by Pillar include American Realty Investors, Inc. (NYSE: ARL); Transcontinental Realty Investors, Inc. (NYSE: TCI); Income Opportunity Realty Investors, Inc. (NYSE MKT: IOT); and Regis Property Management, LLC (www.regisinc.com).
