Cawley Chicago has announced the appointment of Nicholas Schaefer as vice president, as the firm continues to build on its newly launched urban redevelopment and adaptive reuse client services platform in Chicago and the surrounding areas. The firm also hired Zach Pruitt as principal.
The appointments solidify the Chicago city industrial practice group and reunites Schaeffer and Pruitt with Doug Hayes, Frank Melchert and Stevan Arandjelovic. The five real estate professionals have joined Cawley Chicago since the end of 2017. They previously worked for NelsonHill in Chicago.
“Cawley Chicago continues to build on the platform of services we’re offering to clients,” said Mike McKiernan, principal and sales manager, Cawley Chicago. “The addition of Zach and Nicholas, and reuniting them with Hayes, Melchert and Arandjelovic, creates a unique services team for building and business owners in Chicago and its neighborhoods.”
Schaefer joins Cawley Chicago with a focus on urban redevelopment and adaptive reuse in Chicago and surrounding areas. His clients have benefited from his expertise in sale and lease negotiations for acquisitions and dispositions, site selection and his creative vision for underutilized assets. Schaefer’s extensive market knowledge, strong negotiating skills and tenacious work ethic have allowed him to create maximum value for his clients in real estate.
The focus of Cawley’s urban redevelopment and adaptive reuse services team typically is a two-part process that assists owners of commercial real estate in maximizing their asset’s value and then, potentially, relocating their operations to a more efficient and productive locations. This consists of representing owners with the sale of their properties by positioning the asset for highest-and-best-use, assisting owners of underperforming assets by creating a strategic leasing initiative and implementing a comprehensive marketing approach to achieve increased occupancy.