Principal of Frontline Real Estate Partners, LLC, Matthew Tarshis, Founder and Managing Broker of Carr Realty Advisors LLC (CRA), Joey Carr, and President of Stillwater Advisory Group, Inc., Chris Facas, are pleased to announce the three Chicago-based firms have formed a new joint-venture, Frontline Real Estate Partners – Shopping Mall and Lifestyle Division. The joint venture will provide its clients with receivership, property and asset management, leasing and disposition services for shopping malls and lifestyle centers.
Tarshis brings leasing and property management expertise to the team, specializing in lease negotiations, sales, purchasing, market research and broker valuations. He is responsible for overseeing and leasing a portfolio consisting of over 4,000,000 square feet of retail, office, industrial and mixed-use properties, a management portfolio of 3,000,000 square feet and an investment sales team that is selling approximately 20-25 deals across multiple asset classes at any given time. Tarshis also acts as a court-appointed Receiver for local, regional and national lenders and special servicers.
Prior to CRA, Carr worked at a large pension fund advisory firm as an asset managerfora national portfolio of super-regional malls consisting of over 13,000,000 square feet that produced an annual Net Operating Income of $170M. He has since spent his career providing asset management, development, brokerage and advisory services for his clients by creating value for retail, office and multifamily properties throughout the Midwest.
Facas spent most of his 32-year career in the mall industry working for top U.S. REITS in most major markets throughout the U.S. Facas’ experience as a real estate executive spans asset management, property management, operations, leasing and development in portfolios as large as 37,000,000 square feet producing annual Net Operating Income of over $600M.
