Menkiti Group Expands Commercial Real Estate Team with New Vice President to Continue Momentum in Worcester
WORCESTER, Mass., December 1, 2021 / PRNewswire / – With a portfolio that is growing rapidly across Massachusetts and the Greater Washington Area, The Menkiti Group, an integrated real estate services company based in Washington DC with additional offices at Worcester, MA, named
Mike McElaney as the new vice president of commercial real estate. McElaney joins the Menkiti Group at a pivotal time for the company as they have crossed the threshold of developing over two million square feet of catalytic projects with a majority of this space dedicated to commercial use with exponential growth in Worcester, MA and Washington DC.
Based in New England with ties to Worcester as a former student of the College of the Holy Cross, McElaney will lead the Menkiti Group’s vision and strategy for the New England region while overseeing commercial leasing nationwide. In this role, McElaney will play a key role in guiding the company’s portfolio strategy by researching, negotiating and executing business transactions across the company.
âThe Menkiti Group has an impressive reputation both in New England and Greater Washington, DC markets and has built an impressive portfolio of real estate. I am delighted to join a team of motivated and passionate real estate thought leaders with a unique mission-driven approach to real estate investing and development, âsaid Mike McElaney, Vice President of Commercial Real Estate at The Menkiti Group. “As a former student of the College of the holy cross in Worcester, it’s great to be back in the region! ”
In order to expand the Menkiti Group’s mission of transforming lives, careers and communities through real estate, the addition of McElaney offers the company the opportunity to expand its reach within the communities it serves. . McElaney’s early areas of interest will include Main Street in Worcester: 554 Main, and 401-405 Main Street (the former Shacks Building), two buildings the company is renovating to restore historic integrity to the downtown core Worcester and other catalytic projects in Washington DC for the company including MLK Gateway, a two-phase project located in the heart of the historic district of Anacostia.
McElaney brings over 15 years of experience as a commercial real estate broker and has negotiated and executed over five million square feet of commercial leases and sales transactions. Prior to joining The Menkiti Group, he was responsible for finding and executing new business opportunities across New England as Senior Vice President of Avison Young. Prior to his time at Avision Young, McElaney spent over a decade at Colliers International.
âThere is an important dynamic in the Worcester market, and we are delighted that Mike is leading our commercial leasing efforts, âsaid Marc Rengel, Vice President of Development at The Menkiti Group. âHe quickly became an integral part of the Menkiti Group team, and I look forward to seeing our continued growth in Worcester and beyond with Mike at the helm. “
Over the past 17 years, the Menkiti Group has established a solid track record of success and has developed over two million square feet of catalytic projects in Washington DC and Worcester, MA. By expanding its commercial leasing efforts, the company formalizes its growth and expansion strategy.
âIt is an exciting time to join The Menkiti Group,â said McElaney. “I look forward to adding value to the existing portfolio while finding opportunities to enter new markets.”
About the Menkiti group:
Founded in 2004, the Menkiti Group is a certified 100% minority-owned trading company headquartered in Washington DC, with additional offices in Worcester, Massachusetts. The organization was founded with the mission of transforming lives, careers and communities through real estate. The Menkiti Group is a two-fold business, measuring success in terms of positive financial and social impact. The company’s approach to urban neighborhood transformation and investment focuses on residential and commercial development, residential sales and commercial brokerage.
The Menkiti Group invests in abandoned and underutilized properties and transforms them into exciting and affordable homes and workspaces. Projects range from residential renovations and the development and leasing of commercial properties on Main Street to large-scale, mixed-use and transit-focused development projects. Over the past 17 years, the Menkiti Group has invested over $ 250 million in emerging DC neighborhoods, worked on the development of over 2.1 million square feet of real estate, and helped over 2,000 families to buy their first home.
SOURCE The Menkiti Group