Search
 

Alter Division To Help Companies Own Offices

SKOKIE, IL-The company is launching a new division, called Enterprise Solutions, which will help small and medium-sized businesses own their own buildings.

By Gina Kenny | Updated on April 18, 2007

SKOKIE, IL-The Alter Group, headquartered here, is launching a new division called Enterprise Solutions to focus on build to suit projects and other services, geared to help small and medium-sized businesses own their own buildings. Matthew Ward, senior vice president of the Alter Group, will head the new division. Brian Farquhar has been hired to spearhead the new group.

Enterprise Solutions will offer companies a variety of services including site selection, design and construction, the company says. The division can either help select a site or develop a building on a site the business owns or has selected. The division will offer management services and can assist the business with selling the building in the future, Ward says. The division can additionally assist the business with having a family trust own the building and lease it back to the company or establishing a limited liability corporation which would lease the property to the business. “It is a market that is not being served here in Chicago at all. We thought that we could bring kind of a one-stop, turn-key solution to these local entrepreneurs,” Ward says. Businesses can then choose what services they would like to use, he says.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.