Perry Group

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Description

A large manufacturer announces its immediate closing of its 1 million square foot facility. Due to then-current economic conditions and the functional obsolescence of a large portion of the property, there is no reasonable market for the disposition of the property. Perry engages the owner, a large publicly traded corporation, to donate the property to a newly created 501c3 organization, which is managed by Perry. The corporation also agrees to donate $200,000 to the newly created not-for-profit organization to seed the rehabilitation.

The principals of Perry Group, Ltd. Advisory Services have unparalleled experience in the Chicago region and include: Tony Perry remains active in the community and economic development arena has grown to be a true legend in the industry. His national network of valuable contacts and his participation in various professional trade organizations - many times in leadership roles - has helped define what the Perry Group, Ltd. is today.

In 2009 Perry Group. Ltd. relies on this pedigree to provide expert creative solutions for these same challenges that we faced 30 years ago. With a tremendous national network, an intense knowledge of esoteric creative programs, and an acute understanding of marketdynamics and their impact on the re-underwriting of challenged or distressed properties, Perry Group, Ltd. can help extraction occur more rapidly and with minimal stress. Its marketing and leasing division can provide national exposure to properties with excellent reporting to its clients.

Commercial real estate is essentially an objective business. As professionals with a deep understanding of market dynamics, we provide expertise with limited subjectivity.

Paul DiBenedetto is Vice President of Sales for Perry Group, Ltd. and has several years experience in the real estate market in the Lincoln-Way marketplace. Paul represents several Chicago area developers with sales and leasing on behalf of the firm with over 500,000 square feet of commercial inventory and is a member of the International Council of Shopping Centers and the Real Estate Investors Association.

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