Inland Real Estate Commercial Brokerage, Inc., a boutique brokerage firm providing sales, acquisition and 1031 exchange services, announced the promotions of Paul Montes and Eric Spiess to senior vice president.
“Paul and Eric provide a combined 24 years of experience to Inland Commercial Brokerage,” said Jonathan J. Stein, president of Inland Commercial Brokerage. “Their integrity and expertise is evident by their track record of results and they continue to be invaluable to our team as Inland continues to grow its brokerage business.”
While continuing core activities in the $1 million to $10 million range, which is where 86 percent of Inland Commercial Brokerage’s commercial transactions occur, the duo is prioritizing off-market brokerage over traditional list/sell models.
The wide range in value and complexity of their successful off-market sales include Huntington Condominiums, located in Naperville, Illinois, and Stonegate Apartments, located in Glendale Heights, Illinois, which combined totaled 900 units and sold for more than $73 million. Additionally, Montes and Spiess conducted the $2.1 million market sale of the 10,227-square-foot Flagg Creek Shopping Center, located in Indian Head Park, Illinois.
“Today’s marketplace continues to be increasingly sophisticated and the analysis tools available create so much more transparency than even a few years ago,” said Spiess. “Clients value our skills in sourcing acquisitions and quietly selling assets.”