According to Hagendorf, the two brokers worked several transactions together in their former positions and decided to look for an opportunity to link up formally as a team. "She's more of a detail person and I'm more of a global thinker, I guess," he says. "We felt our talents complement each other and we could create a solid team. We would make good presentations and be able to tell our story in a way that would make people listen. We thought this was a case of one plus one equaling a lot more than two."
Hagendorf has more than 22 years of commercial real estate experience in a wide range of areas, including all phases of portfolio management, project leasing, project valuations and rehabilitation. During his tenure as an investment broker for Sperry Van Ness, he was a top producer nationally, recording a transaction volume in excess of $150 million in 2007-08.
[IMGCAP(2)]Young served as vice president of corporate services for Dallas-based Staubach Co.'s local office from 1994-02 and had been director of CresaPartners prior to founding Young Commercial in 2005. She has successfully represented some of Houston's most notable companies, including Pennzoil, Quaker State, Chase Manhattan Mortgage Co. AON Corp. and Expro Americas.
For his part, Hagendorf says the decision to make a change came gradually. "I had met Randy Moore, the leader of this office a number time, but, I hadn't given much thought to a move as a whole," Hagendorf tells GlobeSt.com. "After learning more about what Grubb & Ellis is and the excitement in their firm now, I got interested in coming over. This office has got of some of this large city's leading real estate professionals and they have been here many years. It gives this office such a solid foundation I thought I could take my personal productivity and now our team's productivity to a new level."
According to Young, it was G&E's acquisition last year of Triple Net Properties Inc. that got her thinking about joining the firm. "Grubb & Ellis had a strong corporate and transaction services capability and Triple Net brought a strong investment background. With the acquisition, they cover anything that could be covered," she says. Also, she adds she was particularly attracted to the Grubb & Ellis Healthcare REIT because of her experience handling medical building sales.
Both brokers came to Grubb & Ellis with transactions in progress, which they are working individually on closing. But for future deals, they will work jointly.
"With the economic turmoil, we as a team and Grubb and Ellis as an organization have a good feel about what we can offer our clients on a broad spectrum of services," Hagendorf says. "Even in this shaky environment, what our company has to offer--not just what we can offer--will make a difference in getting deals done. There's a high level of energy in the Grubb & Ellis organization, a real-can-do attitude to take care of our clients in any way we need to."
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