EXPERIENCE
Brokerage & Consulting | Ownership
& Management | Clients
Smythe Property Advisors President, Christopher E.
Smythe,
has been active in the commercial real estate business since 1984, and
has considerable experience in real estate investment, asset management,
investment brokerage, syndication, and development finance. Prior to
forming Smythe Property Advisors, Mr. Smythe had worked with the Wells
Fargo Realty Advisors in Chicago, Cragin Lang, Inc, (now Grubb & Ellis)
in Cleveland, and most recently the Chartwell Group, LLC in Cleveland.
Smythe Property Advisors, LLC has
15 employees and currently provides brokerage, investment and
property management services.
Brokerage & Consulting Experience:
- Receivership Sale of 26 property office, retail, multifamily single
family portfolio
for Schneider Management Company $22,000,000.
- Receivership Sale of 100,000 S.F. Office Building Cleveland Ohio.
- Sale
of 95,000 SF 1220 Huron Office Bldg Cleveland, Ohio $6,500,000.
- Sale of 50,000 SF Office Building Cleveland, Ohio $2,000,000
- Sale of
Alhambra and Mannering Apartments Cleveland, Ohio.
- Sale of Paramount Assisted Living Facility Maple Heights, Ohio.
- Sale
of Medical Office Bldg Shaker Heights, Ohio $2,200,000.
- Tenant Rep Search and Lease of 25,000 SF Industrial Cleveland, Ohio
- Tenant
Rep Search and Lease of 40,000 SF Warehouse Solon, Ohio
- Valuation and disposition consulting assignment of major office,
industrial, land portfolio.
- Lease of 20,000 SF. Office Space Streetsboro,
Ohio
- Marketing of 60,000
Loft Building Conversion Cleveland, Ohio
- Financial Analysis of $8,000,000 Sale Leaseback for plastics
concern Chagrin Falls, Ohio.
- Investment Feasibility Study 71 unit
single family development, Cleveland Heights, Ohio
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Ownership and Management Experience:
Mr. Smythe serves as general partner or managing member of the following
real estate investments with a collective asset value in excess of $60,000,000:
- Fairmount Land and Development Co., which was founded in 1992
and serves as the general partner in Overlook Court L.P., which owns
a 45,000 S.F. leased office/retail complex in Warrensville Hts., Ohio. It
is currently 85% leased.
- Fairmount Land and Development II, Inc., which was founded
in 1997 and serves as the general partner in Parkway Point Partners,
L.P., which developed and owns a fully leased 40,000 SF office/ warehouse
building in Solon, Ohio.
- OLC Land Development Corp, which was founded in 1999 and serves
as the general partner in Overlook Court II L.P. which recently
developed and currently owns three single-story office buildings comprising
115,000 S.F. Located in Warrensville Heights, Ohio. The properties
are 90% leased.
- TCIP Development Corp., founded in 1999, which serves as the
general partner of Tinkers Creek Industrial Partners L.P. which owns
a 95,000 S.F., 100% leased office/warehouse in Streetsboro, Ohio.
- River Rock Equity, LLC, founded in 2002, which serves as the
manager of River Rock Holdings, LLC, which owns a three building portfolio
comprising 91,500 S.F. of renovated, 80% leased office/warehouse in
Valley View, Ohio.
- WEF Warehouse Partners, LCC founded in 2000 serves as general
partner of the company that owns a 93% leased 267,000 S.F. industrial
facility in Aurora, Ohio.
- Pagoda Partners, LLC founded in 2000 owns a 100% leased 235,000 S.F.
sale/leaseback joint venture with Arhaus Headquarters/Warehouse facility
in Walton Hills, Ohio. Sale leaseback similar to subject Project.
- SCC Equity,
LCC serves as the manager of Steels Corners Crossing
, LLC which owns a 125,400 S.F. 100% leased industrial facility in
Stow, Ohio. Sale leaseback similar to subject Project. Joint
venture with principals of tenant Falls Filtration Technologies, Inc.
- Uncle Woody, Ltd serves as general partner of KMS L.P. which owns
a 239 unit apartment complex in Canton Ohio.
- Uncle Butler Inc., serves as
general partner of Cambridge L.P. which owns an 85 unit apartment complex
in Elyria, Ohio.
- Cedar-Galion Corp serves as general partner of Cedar-Galion L.P.
which owns a 98 unit apartment complex in Galion, Ohio.
These corporations serve as the primary real estate investment vehicle
for Mr. Smythe. Approximately 85 limited partners have participated in
the foregoing investment vehicles.
Currently Mr. Smythe is involved in the management of all the above
assets. His management operation, Smythe Property Advisors directly manages
the daily operations of six properties: A 91,500 S.F. three building
office/warehouse complex in Valley View, a 95,000 S.F. industrial building
in Streetsboro, a 267,000 S.F. industrial building in Aurora, and three
multi-family complexes comprising 422 apartment units all in northern
Ohio.
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Clients:
Arhaus Furniture
Baker and Company
Colonnade Corporation
Cumberland Company
Custom Associates
Dalad Group
Dealer Tire
Dollar Bank
Fashion Associates
GMH Capital Partners (GE Capital)
Gunton Corp
Hausser and Taylor
ING Investment Management
K.P. McNamara Co.
LR Development
Millennia Housing Management
Nassimi Realty Corp
Nook Industries
Paul Voinovich
Receiver Schneider Management Company
Richard Bowen and Associates
River Rock Holdings, LCC
Scher Group
Syndicated Properties
Tinkers Creek Industrial Partners
Wald and Fisher
Waverly Glen Company
William Steck and Associates
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