February 13, 2012

Contact:  Richard D. Whitney, CCIM, SIOR, CPM, GC
(828) 665-9085 or rwhitney@whitneycre.com

For Immediate Release

Whitney Commercial Real Estate Services Hires Certified Property Manager

Whitney Commercial Real Estate Services, based in Asheville, N.C., has hired Mike Thornton, CPM, CSM, RPA to direct its property management division.

Thornton’s credentials include Certified Property Manager (CPM) since 1993, Certified Shopping Center Manager (CSM) since 1990, and Real Property Administrator (RPA) since 1999.  He has been an active member of the Institute of Real Estate Management (IREM), the International Council of Shopping Centers, Building Owner Management Association (BOMA) and he has held real estate licenses in Florida, South Carolina, and North Carolina.

Thornton began his real estate career in 1976 at Regency Square Mall in Jacksonville, Florida.  He has managed and leased commercial real estate for globally recognized firms as Lincoln Property Company, Faison Associates, CB Richard Ellis, and Grubb & Ellis.  He has managed virtually all types of commercial real estate including regional malls, Class A high rise office buildings, medical buildings, suburban business parks, warehouse, flex spaces, and property owners associations.

Whitney Commercial Real Estate Services provides commercial brokerage, property management, and general contracting services throughout Western North Carolina.  For more information on Whitney Commercial Real Estate Services, visit www.whitneycre.com or call (828) 665-9085.

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Mike Thornton hired as new Property Manager for Whitney Commercial Real Estate Services

140 Vista Industrial Boulevard – Our own Jason Burk represented Reich GmbH, a German automotive parts manufacturer, in October 2010 when they acquired this 41,461 square foot facility for their American operation which produces state-of-the-art power steering parts for Ford, GM, Chrysler, BMW, Volvo and others.

In 2011, Jason worked with our Broker-In-Charge, Richard Whitney to procure its sale to an Atlanta based client with whom Richard had a pre-existing business relationship. As a part of the sale, Reich has entered into a 15 year net lease with the Buyer.

November 4, 2011 … Whitney CRE, Western North Carolina’s full-service commercial real estate firm, has had five (5) straight quarters of significant growth, with at least one being better than its same quarter in 2007.  Team Whitney is also expecting a record-breaking 2011 fourth quarter.  With all the bad news we hear about real estate, Whitney Commercial Real Estate Services is pleased with the fact there is a lot of good news in Asheville and Hendersonville. 

The 2011 third quarter statistics for Whitney Commercial Real Estate Services clearly demonstrate the importance and stability provided by having three divisions – commercial brokerage, property management, and general contracting. 

• Sales Volume UP 61%
• Lease Volume UP 20%
• Total Brokerage Volume UP 43%
• Property Management Net Income UP 33%
• Construction Revenue UP 59%
• Company Wide Gross Revenue UP 25%

For more information on our company, visit www.WhitneyCRE.com or call (828) 665-9085.