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By: Joe Clements | The Real Reporter
BURLINGTON &emdash;
Virginia - based
Calkain Cos..
announced its arrival
this month, but the
expanding net lease
investment brokerage
firm has been prepping
for a New England
launch since last year
while assembling a lineup
stocked with local
talent.
Stan Wyrwicz 
Rich Murphy
Michael O' Mara
The team
includes prolific net
lease broker Michael
O’Mara and Senior
Managing Director
Stanley Wyrwicz, whose
past stops have included
CFO positions at
Cabot, Cabot and
Forbes and General
Investment and
Development. “We’ve
got some very exciting
things going on,” founder Jonathan W.
Hipp tells the Real Reporter in a phone
interview, explaining his firm sees
Massachusetts as especially ripe for
growth in the net lease sector. Besides
taking on the ubiquitous Marcus &
Millichap, Calkain has a management
group based in Burlington and led by
homegrown accountant Rich Murphy,
whose asset management firm was
acquired by Calkain in 2010.
Treasured for its passive elements, net
lease real estate does require a certain level of oversight, explains Murphy, especially
if an investor secures multiple properties.
“That’s when we can really start to
add value,” says Murphy, whose group
oversees buildings nationally. One
Colorado client who traded $10 million
from an oil-and-gas profit into net lease
real estate has had Calkain caretaking
assets in Kansas, Massachusetts and
Texas. Apartment investors and those
accepting double-net leases can benefit
from the management element, says
Murphy, as can a cadre of foreign buyers
that Calkain has culled from a company
active through the middle Atlantic states
and down into Florida, with a Tampa office
servicing the Sunshine State. Other
branches are in Bethesda, MD, and
Wilmington, DE.
Besides extensive brokerage and financial
backgrounds, the Boston team has
closed on more than $1.5 billion in real
estate transactions, notes Hipp, predicting
that experience will enable Calkain to
“make quick inroads” into the Greater
Boston market even up against several
veteran brokers and the Marcus &
Millichap duo of Robert Horvath and Todd
Tremblay that has been among the
region’s most active net lease brokerages
tandems during the past five years. Given
the firm’s national platform, Hipp is quite
familiar with Marcus & Millichap, but cites
anticipated demand for such properties
and Calkain’s own seasoned talent for reasons
his firm is aggressively expanding its
base. “It takes a special expertise to do
these,” he says. “We feel confident there is
a void we can fill by providing that expertise,
and we are excited by the opportunity
to do that.”
Source: The Real Reporter
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