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BBG Expands Presence In Northeast With Opening Of Philadelphia Office

Posted On January 28, 2019

DALLASJan. 28, 2019 /PRNewswire/ — BBG, a leading independent national commercial real estate valuation, advisory and assessment firm, continued its growth streak in the new year with the opening of an office in Philadelphia, further expanding its presence in the Northeast. The Philadelphia office, located at 1650 Market St, Suite 3634, marks BBG’s second office in the Northeast and its 31st office nationwide.

BBG also announced that it has appointed Jim Klementisz, MAI, SRA, as Director at the Philadelphia office.

With offices in Philadelphia and New York City, BBG now has a strong presence in the Northeast, a region that ranks among the most active markets in the country.

The commercial real estate sector in the greater Philadelphia metropolitan area is the third largest regional economy in the Northeast. Recently, activity in this area has been buoyed by a healthy economy and strong investment in most commercial property types, particularly the office building and industrial sectors.

The office opening follows BBG’s acquisition last month of a New York City appraisal firm Jerome Haims Realty, which became part of the firm’s New York office.

Joining the Philadelphia office in December, Mr. Klementisz will be responsible for market valuations, quality control, new business development and client management. Mr. Klementisz’s appointment follows the hiring of Michael Ramos, who is also a Director at the Philadelphia office.

Mr. Klementisz has more than 25 years of experience in the valuation of commercial and residential property types including subdivisions, vacant land, mixed-use assets, office buildings, retail and eminent domain valuations, including luxury estate subdivision, pipeline expansion and road improvement projects.

Mr. Klementisz has provided valuation services for tax appeals, financing, estate planning and acquisition and dissolution. He has also given expert testimony for the Federal Bankruptcy Court, Montgomery County Board of View, various tax assessment boards in Pennsylvania, and the Montgomery County Board of View.

Before joining BBG, Mr. Klementisz owned and operated his own appraisal firm serving banks, attorneys, municipalities and property owners. He has been actively involved in the Philadelphia Metropolitan Chapter of the Appraisal Institute, where he served on the board of directors and as chapter president.

Kenneth Konrath, MAI, Senior Managing Director, commented on the office opening and Mr. Klementisz’s appointment: “Our opening of the Philadelphia office signifies our ongoing commitment to be as close as possible to our clients, allowing us to provide the highest quality services that they seek and deserve. This office represents a natural progression of our strategic plan to expand into markets demonstrating great capacity for future growth.”

Mr. Konrath continued: “We are delighted that Jim has joined the office, as he and other members of the team will make a significant contribution to serving clients in the greater Philadelphia metropolitan area. A consummate professional, Jim’s extensive knowledge and experience in the local commercial real estate market will create tremendous value for clients and gives us a competitive edge in this dynamic market.”

Mr. Klementisz added: “I am looking forward to working with one of the fastest-growing and largest independent valuation firms in the country. In my new role, I will work diligently to provide clients with the best possible service and further strengthen BBG’s market leadership.”

About BBG
BBG is a leading independent national commercial real-estate valuation, advisory and assessment firm headquartered in Dallas with 31 offices in key US markets. BBG has achieved a reputation for personal attention, on-time delivery and deep expertise in multi-family, office, retail and industrial sectors. For more information about BBG, please visit www.bbgres.com.

 Media Contact
Marc Weinstein
Ascent Communications
(908) 967-9958
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