Real Estate Manager

DENNIS W. SOMERS, CPM, Broker

**** **** ********* ****** 630-***-****

Naperville, IL 60540 ******.******@*****.***

REAL ESTATE TRANSACTION MANAGER

Commercial Real Estate Transaction expert with proven success executing purchase, lease and

dispositions as well as managing the performance of real estate assets. Expertise includes:

Strategic Real Estate Solutions Market Identification & Analysis Sales & Networking Skills

Site Selection & Negotiation Presentation of Market Opportunities Relationship Builder

Broker, developer & landlord Purchase & Lease Agreement Expertise Financial Analysis

relationships Lease Accounting Business & Analytical Acumen

PROFESSIONAL EXPERIENCE

JPMorgan Chase Bank 1994 –

04/2010

Vice President / Transaction Manager

Successfully executed 10-20 real estate transactions annually for the Midwest area.

Performed acquisition, disposition and “right sizing” strategy for Retail Banking Centers and

Office Buildings based on business and operations requirements.

Developed real estate strategy, reviewed alternatives, hired and directed brokers/lawyers/

vendors/consultants, negotiated terms and final documents, participated in site selection for

branch bank expansion and presented information directly to senior management.

Negotiated the purchase and sale of five million square feet of commercial properties and more

than three million square feet of new leases/renewals over a 15 year period, resulting in

significantly decreasing costs. (See attached transaction addendum for specifics.)

Procured, negotiated and closed purchase and lease transactions for 50+ new Chase Retail

Branch Banks in metro Chicago from 2004 to 2010. Coordinated with project managers and

general contractors in construction process to ensure that deadlines were achieved.

Ensured assets performed at or above market competition and that bank lines of business

received exceptional real estate service.

Reduced corporate space under lease by 10% (300,000 square feet) in downtown Chicago

through close scrutiny of programming and space planning,

European American Realty 1993 - 1994

Senior Property Manager

Managed 1.5 million square feet of office & retail facilities located in the Chicago metropolitan

area.

Supervised and performed all management, operations and leasing functions, including

analysis and due diligence in the leasing of commercial properties.

Increased value of downtown Chicago office building (33 North Dearborn) by 100% by

performing aggressive management, expense reduction and lease-up plan.

PRIOR NATIONAL REAL ESTATE FIRMS ACCOMPLISHMENTS

As Director of Property Management for McNeil Real Estate Management, directed and

leased a 20-property portfolio comprising three million square feet of commercial properties.

Supervised all management, accounting, construction/renovation, and leasing functions within

the Midwest region. Reviewed and reported all financial and lease-up results to principals and

fee management owners.

DENNIS W. SOMERS, CPM – Page 2

Served as General Manager of Dason Management Company’s Real Estate partnership

interests, including all phases of accounting, management, leasing and property acquisition, and

disposition in Los Angeles, CA. Turned around several distressed properties by supervising

major remodels, reducing expenses, and pursuing an aggressive leasing strategy.

As Leasing Agent for Equitec Properties Company (Houston and Dallas, TX), Leasing two

400,000 square foot high-rise office buildings. Achieved the number one Leasing Agent ranking

for negotiating and closing the most lease deals.

EDUCATION & CERTIFICATIONS

Brigham Young University, Provo, Utah,

Bachelor of Science - Financial Planning Major

Certified Property Manager (CPM)

Real Estate Broker, State of Illinois

PROFESSIONAL AFFILIATIONS

ICSC – International Counsel of Shopping Centers (current member)

BOMA – Building Owners and Managers Association (past member)

IREM – Institute of Real Estate Management (past member)

ACCOMPLISHMENTS

Boxing – Iowa Golden Gloves Champion

Running – Completed Indianapolis Marathon

DENNIS W. SOMERS, CPM, Broker

REPRESENTATIVE TRANSACTIONS

REAL ESTATE ACQUISITIONS/DISPOSITIONS/FINANCING AND LEASING

Acquisitions Square Feet

* 300 South Riverside Plaza, Chicago, IL 1,085,000

* Westfield Business Park, Elgin, IL 519,000

* Metro Square II & III, Dallas, TX 450,000

* 60 Washington Street, Hartford, CT 172,000

* 11 East Adams Street, Chicago, IL 160,000

Dispositions

* 605 North Michigan Ave., Chicago, IL 92,000

* 8001 North Lincoln Ave., Skokie, IL 90,000

* 120 North Scott St., Joliet, IL 57,000

* 6 South Grove St., Elgin, IL 46,000

* Mutual Liability Insurance Building, Atlanta, GA 40,000

Financing

* Brookriver Office Tower, Dallas, TX - 1st mortgage $12 million

* 60 Washington Street, Hartford, CT - 1st mortgage $14 million

* Seven Office Buildings, Southfield, MI - 1st and 2nd mortgages $21 million

* 1st Maryland Bank Building, Baltimore, MD - 1st mortgage $29 million

Leasing

* Negotiated and closed more than three million square feet of lease transactions

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