About Our Team - Transwestern
About Our Team - Transwestern
About Our Team - Transwestern
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<strong>About</strong> <strong>Our</strong> <strong>Team</strong><br />
Advantage: client focus<br />
Contact us:<br />
Walter Byrd<br />
Managing Director<br />
305.808.7825<br />
walter.byrd@transwestern.net<br />
Ben Eisenberg<br />
Managing Director<br />
305.808.7826<br />
ben.eisenberg@transwestern.net<br />
Thomas Kresse<br />
Senior Vice President<br />
305.808.7827<br />
thomas.kresse@transwestern.net<br />
www.sflcommercialteam.com<br />
Working together as a team, Walter Byrd, Ben<br />
Eisenberg and Thomas Kresse have become<br />
market leaders in South Florida — thanks<br />
to their unwavering commitment to client<br />
satisfaction.<br />
Because they take the time to fully understand<br />
their client’s business goals and objectives,<br />
they are able to provide real estate solutions<br />
that support the bottom line:<br />
• Controlling Operating Costs<br />
• Maximizing Lease Flexibility<br />
• Increasing Asset Values<br />
• Acquiring New Space<br />
• Disposing Excess Space<br />
Byrd, Eisenberg and Kresse offer more than 60 years of combined experience representing<br />
tenants and owners in South Florida and around the U.S. with their corporate real estate<br />
requirements. Before joining <strong>Transwestern</strong>, they were top producing professionals at<br />
Trammell Crow Company and Cushman & Wakefield, where they began a career that<br />
would always put the client first.<br />
Thanks to this commitment to client satisfaction, the team enjoys a stellar track record of<br />
repeat customers, ranging from blue-chip institutions and major corporations, to local,<br />
regional, public and private firms, to smaller entrepreneurial start-ups.<br />
LICENSED REAL ESTATE BROKER<br />
Focusing on client service delivers superior results. Whatever the real estate need, Byrd,<br />
Eisenberg and Kresse can provide a solution that performs to their client’s advantage.
<strong>Transwestern</strong> in South Florida<br />
Advantage: Local market expertise<br />
While <strong>Transwestern</strong> may be relatively new<br />
to the South Florida marketplace, our team<br />
is not.<br />
South Florida office:<br />
201 South Biscayne Boulevard<br />
Suite 1210<br />
Miami, FL 33131<br />
Phone: 305.808.7310<br />
Fax: 305.808.7309<br />
www.transwestern.net/miami<br />
The company began operations in the<br />
Sunshine State in 2004 by recruiting the<br />
market’s top talent. This strategy has been<br />
very successful, as <strong>Transwestern</strong> today is<br />
home to some of the most recognized and<br />
respected names in the local commercial real<br />
estate industry.<br />
With an average of fifteen years of local<br />
market expertise each, <strong>Transwestern</strong>’s<br />
professionals know South Florida. Their<br />
“real time” market knowledge is captured in<br />
a proprietary database of property statistics,<br />
comparables and trends. Each quarter, our<br />
Market Watch reports track the South Florida<br />
markets and provide valuable information to<br />
our clients.<br />
Offering a comprehensive menu of<br />
commercial services, <strong>Transwestern</strong> is able to<br />
provide customized real estate solutions for<br />
any requirement:<br />
• Agency Leasing and Property Marketing<br />
• Property and Facilities Management<br />
• Tenant and Corporate Advisory<br />
• Investment Sales and Financing<br />
• Development Services<br />
LICENSED REAL ESTATE BROKER<br />
Currently, <strong>Transwestern</strong> is home to approximately 50 South Florida employees, including<br />
ten licensed commercial real estate professionals. <strong>Our</strong> property portfolio totals more than<br />
11.6 million square feet of space, including urban mixed-use office towers, suburban office<br />
campuses, large industrial developments, business parks, and shopping centers.
Corporate Background<br />
Advantage: national platform<br />
2010 company statistics:<br />
• 28 offices and 1,700 employees in major<br />
U.S. business markets:<br />
San Francisco<br />
Salt Lake City<br />
Denver<br />
Minneapolis<br />
Milwaukee<br />
Chicago<br />
Detroit<br />
Bethesda<br />
Northern Virginia<br />
New York<br />
Philadelphia<br />
Baltimore<br />
Washington, DC<br />
<strong>Transwestern</strong> is one of the largest privately<br />
held, full-service commercial real estate firms<br />
in the country. Since its beginning in 1978,<br />
<strong>Transwestern</strong> has grown from a Houston,<br />
Texas development company to a regional<br />
management and leasing services organization<br />
to a full-service, national firm.<br />
The primary differentiators that separate<br />
<strong>Transwestern</strong> from its national, full-service<br />
competitors are:<br />
Los Angeles<br />
Orange County<br />
San Diego<br />
Phoenix<br />
Austin<br />
San Antonio<br />
Ft. Worth<br />
Tulsa<br />
Dallas<br />
Houston<br />
New Orleans<br />
Atlanta<br />
Orlando<br />
Fort Lauderdale<br />
Miami<br />
• A third-party leasing and management<br />
portfolio totaling more than 255 million<br />
square feet of space<br />
• Private ownership — which allows<br />
<strong>Transwestern</strong> to remain 100% focused<br />
on our clients, rather than on quarterly<br />
Wall Street earnings and analytic<br />
projections<br />
• More than 37 million square feet of<br />
completed leasing transactions with an<br />
aggregate value of $3.1 billion<br />
• 133 investment sales assignments with a<br />
combined value of $1.1 billion<br />
• 11 active development projects located<br />
around the country<br />
www.transwestern.net<br />
• Local market leadership — As real<br />
estate is truly a local business,<br />
<strong>Transwestern</strong> allows each office to<br />
operate in a manner best suited to<br />
that particular market, rather than<br />
enforcing a “cookie cutter” approach<br />
dictated by headquarters<br />
At <strong>Transwestern</strong>, our professionals combine entrepreneurial thinking with local market<br />
insight in every city we serve. We utilize coast-to-coast resources to offer a wide array<br />
of commercial real estate services tailored to exceed our client’s objectives. We evaluate<br />
success based on the total client experience.<br />
Whether your real estate needs are for a large warehouse, new corporate office space,<br />
selling your investment property or more efficiently managing your existing properties,<br />
<strong>Transwestern</strong> can perform to your advantage.<br />
LICENSED REAL ESTATE BROKER
Tenant Representation Services<br />
Advantage: Optimized solutions<br />
<strong>Transwestern</strong>’s<br />
three-phased process:<br />
SITUATION ANALYSIS<br />
• Align real estate needs with<br />
corporate goals<br />
• Develop criteria based on optimal<br />
mix of variables<br />
• Research market for alternatives;<br />
analyze impact of each option<br />
• Recommend optimal solution<br />
(renew, move, etc.)<br />
OPTION DEVELOPMENT<br />
• Tour market<br />
• Request proposals from landlords<br />
• Analyze financial ramifications of<br />
each proposal<br />
• Begin preliminary negotiations to<br />
narrow alternatives<br />
• Prepare Letter of Intent with final<br />
candidate building/landlord<br />
PROJECT IMPLEMENTATION<br />
• Complete negotiations with<br />
landlord<br />
• Document transactions with legal<br />
counsel<br />
• If requested, assist with move and<br />
build-out construction/systems<br />
integration<br />
• Provide on-going follow-up support<br />
<strong>Transwestern</strong> is recognized in South Florida<br />
and around the U.S. as a top real estate<br />
consultant when it comes to helping companies<br />
with their commercial space needs.<br />
Creative problem solving and transaction<br />
structuring, as well as sophisticated analytical<br />
capabilities, allow us to identify and align our<br />
client’s real estate requirements with their<br />
strategic business, financial and operational objectives.<br />
Because our professionals are active in the Dade, Broward, and Palm Beach County office<br />
and industrial markets on a daily basis, we offer market advice based on “real time”<br />
information, allowing our clients to make the most informed decisions. We specialize<br />
in offering hidden alternatives and identifying new trends, which enable <strong>Transwestern</strong><br />
to craft a strategic negotiating platform that leverages current market conditions to our<br />
client’s advantage.<br />
<strong>Transwestern</strong> first gains an understanding of our client’s overall business goals and<br />
objectives. With that understanding, they utilize a proven, three-phased approach that<br />
clearly analyzes and documents each possible option and crafts a solution that supports<br />
the bottom line. <strong>Our</strong> services include:<br />
• Leasing/Acquisition of New Space<br />
• Subleasing/Disposition of Existing Space<br />
• Site Analysis and Site Selection<br />
• Demographic and Market Analysis<br />
• Financial Analysis, including Lease vs. Buy Scenarios and Comparative Deal<br />
Structuring with detailed Cost Analyses<br />
• Municipal Incentive Identification and Negotiation<br />
• Transaction Negotiation and Management for Single or Multiple Locations<br />
• Real Estate Data Centralization and Database Management<br />
• Project Management and Space Planning/Programming Coordination<br />
LICENSED REAL ESTATE BROKER
Landlord Representation Services<br />
Advantage: VAlue Enhancement<br />
<strong>Transwestern</strong>’s<br />
three-phased process:<br />
ASSET DUE DILIGENCE<br />
• Define overall leasing objectives<br />
and ownership’s investment goals<br />
• Create prospect tenant profile<br />
• Analyze competitive set and<br />
surrounding submarket conditions<br />
• Recommend and implement asset<br />
improvements designed to make<br />
property more competitive<br />
PROPERTY MARKETING<br />
• Create property marketing tools<br />
• Implement broker and tenant<br />
communication programs<br />
• Host broker focus groups and begin<br />
“roadshow” marketing program<br />
• Update property listing information<br />
• Ensure asset remains “top of mind”<br />
with targeted brokers and tenants<br />
VALUE ENHANCEMENT<br />
• Complete due diligence on each<br />
potential tenant’s financial status<br />
• Make recommendations to owner<br />
regarding each potential new lease<br />
• Finalize lease negotiations with<br />
tenant’s representative broker<br />
• Continually analyze asset and market<br />
for value enhancement opportunities<br />
LICENSED REAL ESTATE BROKER<br />
For nearly 30 years, <strong>Transwestern</strong> has<br />
pursued a singular focus: enhancing the<br />
value of commercial real estate for our owner<br />
clients. The company began as a landlord<br />
leasing agent and, while we are now a fullservice<br />
firm, we continue to be a top property<br />
marketing and leasing firm in the markets<br />
we serve.<br />
<strong>Our</strong> South Florida team of Byrd, Eisenberg<br />
and Kresse is a market leader when it comes<br />
to agency leasing. They offer their landlord clients more than 50 years of combined<br />
experience and a successful track record of increasing leasing activity, occupancy and<br />
overall asset value.<br />
The team works with their clients to develop and implement strategies that take into<br />
consideration current and future market conditions, competition, and other factors<br />
that could impact leasing and property value. Tenant mix, physical upgrades and overall<br />
operations that increase a property’s competitive standing within its submarket are<br />
continuously analyzed by the <strong>Team</strong> to identify every opportunity to enhance value for<br />
an asset.<br />
<strong>Transwestern</strong>’s leasing activities are based on an in-depth understanding of our client’s<br />
specific investment objectives such as capital development, hold period and return. All our<br />
efforts are then focused on meeting and exceeding ownership’s goals for that property.<br />
As the landlord’s agent in the marketplace, the most valuable service <strong>Transwestern</strong> can offer<br />
our clients is “real time” information on the market — what tenants are seeking space,<br />
what concessions are other landlords offering at their properties, what future competition<br />
is planned, where the market is headed, etc. <strong>Our</strong> job is to provide this information to our<br />
owner clients and then make recommendations that add value — what lease rate should we<br />
quote, how much improvement allowance should be offered, when to start renewal talks<br />
with an existing tenant, should a lease proposal be pursued or rejected and much more.<br />
As a full-service firm, <strong>Transwestern</strong>’s brokerage professionals are constantly in the market,<br />
gathering and sharing information that we offer our owner clients. Whether in South<br />
Florida or any other major U.S. city, we have our fingers on the pulse of the market. We<br />
leverage information to our client’s advantage.
Client Testimonials<br />
Advantage: client satisfaction<br />
Because of their commitment to delivering superior results, Walter Byrd, Ben Eisenberg,<br />
and Thomas Kresse enjoy repeat business from an ever-growing list of satisfied clients. The<br />
following are just a few testimonials highlighting their focus on customer service:<br />
<strong>Team</strong> clients:<br />
Tenants<br />
• Crispin Porter Bogusky<br />
• Exel<br />
• FPL<br />
• Hagemeyer<br />
• Iron Mountain<br />
• L’Oreal<br />
• LVMH<br />
• PRC<br />
• Price Smart<br />
• Quest Diagnostics<br />
• Ryder<br />
• Siemens<br />
• SmithKline Beecham<br />
• Starboard Cruise Services<br />
• United States Postal Service<br />
• Volvo<br />
• Wal-Mart<br />
Landlords<br />
• America’s Capital Partners<br />
• ING Clarion Partners<br />
• DCT Industrial<br />
• iStar Financial<br />
• PS Business Parks<br />
• RREEF<br />
• Rockefeller Development Corp.<br />
• Seagis Property Group LP<br />
Walter, Ben and Thomas’ understanding of our needs and<br />
ability to negotiate on our behalf more than exceeded our<br />
expectations. The team came up with a plan that focused<br />
on our most pressing requirements, the relocation of our<br />
corporate office space to a class A office building that<br />
supported our corporate image as well as securing an improvement allowance that gave us the<br />
ability to reconfigure our distribution warehouse so we are able to operate much more efficiently.<br />
Finally, they achieved all of this while negotiating flexible and aggressive lease terms that allow<br />
us to control our occupancy cost in a highly competitive environment.<br />
Keith Sartin<br />
Starboard Cruise Services<br />
We retained Walter, Ben and Thomas<br />
to market and lease our South Florida<br />
portfolio of industrial parks totaling more than 3.0 million square feet. During the course of<br />
the assignment, our occupancy increased to 97% and on average rents increased by 15%. As a<br />
result, our South Florida portfolio was one of the top performing assets for the company.<br />
Viola Sanchez<br />
PS Business Parks<br />
For the past 15 years, we have elected to work with Ben and Walter when it<br />
comes to the real estate requirements for Volvo. Since the early 1990’s, they<br />
have handled everything from major build-to-suit negotiations to minor<br />
project leases — no matter the size of the requirement or the location, I<br />
know they understand our needs and will get the job done right.<br />
Billie Groff<br />
Volvo Logistics<br />
America’s Gateway Park is a four-building complex<br />
located adjacent to Miami International Airport. Walter,<br />
Ben and Thomas completely leased up the available space<br />
and increased rents by 15% to 20%. Their knowledge of<br />
the market and how to position our asset was invaluable.<br />
Rick Wall<br />
RREEF Real Estate Investment Managers<br />
LICENSED REAL ESTATE BROKER