IRVINE, Calif., Aug. 23, 2017 (GLOBE NEWSWIRE) -- Sperry Commercial Global Affiliates has announced that Ellermann Brokerage, Inc., a Chicagoland-based brokerage, has joined as its first Chicago affiliate. Led by David P. Ellermann, CCIM, CIPS, Ellerman Brokerage, Inc. specializes in office investment sales and industrial tenant representation.
“I’ve always looked to be innovative and entrepreneurial, regardless of where I stood in my career or in my own company” said Ellermann. “And I immediately recognized that Sperry Commercial Global Affiliates brought a new and better opportunity to the real estate industry.”
Ellermann added that he first came into contact with Rand Sperry, founder, Sperry Commercial Global Affiliates, through CCIM. “I have long looked to professional networks and education to build on my expertise and to increase exposure in other markets that foster additional opportunities. Through Sperry Commercial Global Affiliates I can leverage their platform on a regional, national and global basis for my business and clients.”
“David is a solid addition to Sperry Commercial Global Affiliates,” said Rich Enderlin, chief operating officer, Sperry Commercial Global Affiliates. “He understands how to position untapped opportunities and will bring our brand into Chicago, an important national market.”
According to Ellermann, downtown Chicago is experiencing an unprecedented level of development and transaction volume. “We’re now at pre-recession levels in terms of activity and that provides an even greater opportunity for investors,” Ellermann noted. “Chicago had not kept pace initially with larger gateway counterparts but has now emerged as a desirable major gateway city creating significant opportunity for investors. “
“We are seeing less competition here than comparable US global gateway markets such as New York City, San Francisco and Los Angeles. Even nominally higher Chicago cap rates compared to compressed returns for similar investment grade assets elsewhere results in millions of dollars of available upside to clients who are accustomed to East or West Coast market norms,” Ellermann added.
About Sperry Commercial Global Affiliates, LLC: Sperry Commercial Global Affiliates, LLC will offer the highest level of commercial real estate services available through thoughtful, cooperative, and ethical practices. The firm is headquartered in Irvine with more than 200 sales professionals and 18 affiliate operations across more than 20 offices throughout the United States. Unique to Sperry Commercial Global Affiliates, LLC are a system of tools for affiliates that include a comprehensive real estate intranet and transaction management platform named Sperry CENTRAL and a custom designed marketing support software system called SperryLINK, among other immediate industry advantages. For more information, visit www.sperrycga.com.