Worcester-based commercial real estate brokerage firm Kelleher & Sadowsky Associates Inc. said it has formed an asset management group.
“There is a lack of sophisticated and comprehensive asset management services available to the commercial real estate community outside the Metro Boston market,” said John McKinley, principal of Kelleher and Sadowsky. “Kelleher & Sadowsky’s asset management group now fills that void.”
Steve Brooks, who has more than 20 years of experience in managing commercial real estate assets, has been appointed vice president of the group.
“By understanding a property’s strengths and weaknesses, physical condition, operations, and leasing environment, our evaluation can lead to various solutions including financing, re-tenanting, repositioning, disposition, or redevelopment of existing real estate assets in order to maximize property values,” Brooks said.
Brooks was most recently vice president of asset management at Berkeley Investments in Boston. His management portfolio there included handling Worcester’s CitySquare project from 2003 to 2011.
