Dallas-Based Valuation Firm BBG Expands to Philadelphia
Valuation veteran Jim Klementisz joins BBG as a director in the Philadelphia office.
PHILADELPHIA, PA—Dallas, TX-based BBG, an independent national commercial real estate valuation, advisory and assessment firm, is opening an office in Philadelphia, further expanding its presence in the Northeast. The Philadelphia office, at 1650 Market St, Suite 3634, marks BBG’s second office in the Northeast and its 31st office nationwide.
BBG named Jim Klementisz, MAI, SRA, as a director in the Philadelphia office.
“Our opening of the Philadelphia office signifies our ongoing commitment to be as close as possible to our clients, allowing us to provide the highest quality services that they seek and deserve,” says Kenneth Konrath, MAI, senior managing director, BBG. “This office represents a natural progression of our strategic plan to expand into markets demonstrating great capacity for future growth. We are delighted that Jim has joined the office, as he and other members of the team will make a significant contribution to serving clients in the greater Philadelphia metropolitan area. A consummate professional, Jim’s extensive knowledge and experience in the local commercial real estate market will create tremendous value for clients and gives us a competitive edge in this dynamic market.”
Klementisz, who joined the BBG Philadelphia office last month, will be responsible for market valuations, quality control, new business development and client management. Klementisz’s appointment follows the hiring of Michael Ramos, who is also a director at the Philadelphia office.
“I am looking forward to working with one of the fastest-growing and largest independent valuation firms in the country,” says Klementisz. “In my new role, I will work diligently to provide clients with the best possible service and further strengthen BBG’s market leadership.”
Klementisz has more than 25 years of experience in the valuation of commercial and residential property types including subdivisions, vacant land, mixed-use assets, office buildings, retail and eminent domain valuations, including luxury estate subdivision, pipeline expansion and road improvement projects.
Klementisz has provided valuation services for tax appeals, financing, estate planning and acquisition and dissolution. He has also given expert testimony for the Federal Bankruptcy Court, Montgomery County Board of View, and various tax assessment boards in Pennsylvania.
Before joining BBG, Klementisz owned and operated his own appraisal firm, Marketval Real Estate Advisors, Blue Bell, PA, serving banks, attorneys, municipalities and property owners. He has been actively involved in the Philadelphia Metropolitan Chapter of the Appraisal Institute, where he served on the board of directors and as chapter president.
Along with its New York City office, BBG says the Philadelphia office gives it a strong presence in the Northeast, a region that ranks among the most active markets in the country.
The commercial real estate sector in the greater Philadelphia metropolitan area is the third largest regional economy in the Northeast. Recently, activity in this area has been buoyed by a healthy economy and strong investment in most commercial property types, particularly the office building and industrial sectors.
The Philadelphia office opening follows BBG’s acquisition last month of New York appraisal firm Jerome Haims Realty, which became part of the firm’s New York office.