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Professional Profiles

George Sacks
Managing Principal
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Career Summary    
George Sacks is a Managing Principal of Commercial Florida (“CF”). CF recommenced operations in 2005 as an independent entity, subsequent to Grubb & Ellis’ acquisition of the assets of its predecessor firm in 1999. From 2003-2005, Mr. Sacks was responsible for property operations; leasing and asset management for Atlanta based Parthenon Realty, LLC, a wholly owned subsidiary of Apollo Real Estate Advisors. During his tenure at Parthenon, he was responsible for increasing the occupancy of the 1,500,000 sq. ft. portfolio of eight (8) properties from 70% to 92%, creating a substantial increase in added value from $50 million to $92 million for the West Palm Beach, Florida four (4) building portfolio subsequently sold to JP Morgan. From 1999-2003, Mr. Sacks served as Executive Vice President and Managing Director for Grubb & Ellis Company in South Florida, overseeing the firm’s diversified real estate services operations and its broker professionals in Dade, Broward, and Palm Beach Counties. Previously, Mr. Sacks was a Principal in Commercial Florida Realty Partners (“CFRP”), a five-year-old boutique commercial real estate firm in Boca Raton, Florida. As previously mentioned, Grubb & Ellis acquired the assets of Commercial Florida in 1999. Before forming Commercial Florida, Mr. Sacks was Vice President/Director of Office Leasing at Cushman & Wakefield. His past and present clients include Citibank (branch locations and office space throughout South Florida) and Prudential Securities, now Wachovia Securities (throughout the Southeast). Major transactions include the renewal of the 138,000 square foot Citibank lease at Doral Corporate Plaza in Miami; AT&T Wireless Services for 38,000 square feet in Fort Lauderdale and 27,000 square feet in West Palm Beach; and the sale of the Design Center Office Building (60,000 square feet) to Highwoods Properties on behalf of Teacher Insurance and Annuity Association, the sale of Glade St. Andrew Professional Center to Investments, Ltd., and a lease renewal and expansion of JP Morgan Chase for 70,000 square feet in Deerfield Beach. Landlord represented clients have included Equity Office, Morgan Stanley, the State of Florida, CDR Realty, Teachers Insurance and Annuity Association of America, Canpro Investments, and American Continental Properties. George Sacks, Principal
 
Professional Affiliations
Society of Commercial
Realtors of Palm Beach
County
Business Development
Board of Palm Beach
County
Certified Commercial
Investment Member
(CCIM)
Society of Industrial and
Office Realtors (SIOR)
Corenet Global
 
 
  Power Broker 2008 - CoStar.com
Current Position
2005 - Present Managing Principal
Commercial Florida
 
Education
Bachelor of Arts, Tulane University, 1977


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