M id A tlantic Real Estate Journal — Pennsylvania — March 19 - April 15, 2021 — 13B
www.marej.com
P ennsylvania
JLL/HFF veterans focusing on investment sales in a boutique environment Marc Mandel and Steve Schrenk launch Forged Real Estate P
HILADELPHIA, PA — Industry veterans Marc Mandel and Steve Schrenk are launch- ing a boutique commercial real estate brokerage firm to focus on their niche in investment sales. The pair has worked together for more than seven years, most re- cently at JLL, and partner with a diverse mix of real estate investors focusing on single and multi-tenant net lease assets. Forged is based in the Phila- delphia market and serves real estate investors through- out the U.S. The team repre- sents clients with investment properties through disposi- tions, acquisitions, 1031 ex- changes, and sale-leasebacks. “As a boutique firm, we can focus on adding value and closely partnering with our clients to execute their busi- ness plans from the inside out,” said Schrenk. “Through our years of experience and industry wide relationships we know how to provide de- tailed and tailored white glove service for our clients,” added Mandel. With more than 20 years of experience and in excess of $1billion of transactions, the team has built extensive relationships throughout the industry, earning a reputa- tion for honesty, service and going above client expecta- tions. The Forged team is able to work nimbly to identify, evaluate and negotiate op- portunities, while working closely with clients to ensure that deals align with business goals, move through the pro- cess smoothly and ultimately deliver bottom-line profits. Forged also takes a unique ap- proach in collaborating with peer brokers throughout the country to expand their net- work, ultimately delivering better results to their clients. Initially, Forged is work- ing with a number of retail owners as well as medical office and related asset cat- egories. Currently, the team is sourcing opportunities for a number of active investors looking to purchase, as well as marketing numerous proper- ties across the country. About Forged Real Estate Forged Real Estate (FRE) is a boutique commercial real estate brokerage company
Forged Real Estate (FRE) is a boutique commercial real estate brokerage company focused on investment sales and specializing in single and multi-tenant, net lease assets nationwide.
focused on investment sales and specializing in single and multi-tenant, net lease assets nationwide. FRE represents
clients of investment prop- erties through dispositions, acquisitions, 1031 exchanges, and sale-leasebacks. MAREJ
Marc Mandel and Steve Schrenk
AVAILABLE PROPERTIES FOR SALE
WAWA PARKING AREA Drexel Hill, PA Price: $2,127,000 Cap Rate: 5.50% • NOI: $117,000
STARBUCKS Mobile, AL Price: $1,527,400 Cap Rate: 6.10% • NOI: $93,170
TRUMARK FINANCIALCREDIT UNION Jenkintown, PA Price: $1,280,575 Cap Rate: 5.75% • NOI: $73,500
BOSCOV’S Salisbury, MD Contact for more details
ASPEN DENTAL Steubenville, OH Price: $975,200 Cap Rate: 8.00% • NOI: $78,016
OLLIE’S Monaca, PA Price: $1,729,000 Cap Rate: 8.00% • NOI: $138,258
Forged Real Estate | forgedre.com | 610-608-2621 Marc Mandel mmandel@forgedre.com | Steve Schrenk sschrenk@forgedre.com
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