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Brenda Verges's Company Details

Urban Retail Properties

Chicago, Illinois, US • 250 - 499 Employees
Real Estate

Urban Retail Properties, LLC, is a privately held commercial real estate investment and operating company headquartered in Chicago, Illinois. Formed over 40 years ago, Urban Retail is a national leader in the third party management of retail properties, including regional malls, power centers, community centers and big box portfolios. The Urban team’s expertise in all aspects of property management stems from an average employee tenure of 20 years, making us a strong partner. Managing both performing and distressed properties for owners requires a company who brings dedication, experience, and relationships to the table. Urban understands the sensitivities, problems and concerns of owners because we have decades of experience exclusively working for and operating as owners. Urban’s financial strength is enhanced by its partnership with Forum Partners Investment Management, LLC. Forum Partners is a London-based, global real estate investment and asset management firm. Forum was established as a specialist real estate investment firm in 2002 with the express objective of investing in, and alongside, real estate operating companies in worldwide. This complementary combination allows flexibility with our clients to perform as a third party service provider with co-investment capabilities. With our in-depth experience across all market sizes, Urban Retail is poised to identify, underwrite, acquire, manage and increase the value of the retail properties for our clients retail properties as well as ours. Urban has seven regional offices throughout the United States and has worked closely with more than 100 clients over the years, including pension funds, individual owners, insurance companies, special servicers, and institutional owners of mixed-use, retail and office asset classes. Urban currently manages 49 retail properties in 19 states, comprising of nearly 18 million square feet. Urban has developed a multitude of world-class shopping centers ranging from Water Tower Place, 900 North Michigan Shops in Chicago, Copley Place in Boston, to the redevelopment of the Houston Galleria and Old Orchard Center in Skokie, IL. Urban’s approach to business is both entrepreneurial and pragmatic. This full service organization provides expertise in 11 different specialized departments which work together on each managed property. These services can be tailored individually or strategically combined to meet the specific needs as required by the client. Services Provided: Management Leasing Development Marketing Market Research Specialty Leasing Tenant Coordination Enviromental & Technical Services Accounting Computer Services and Technical Support Due Diligence Services