11 E. Adams Street
Chicago, IL 60603
Direct: (312) 324-3603
Mobile: (224) 381-1430
Michael Morgret serves as associate director for Mohr Partners, Inc. in the Chicago office. With an in-depth understanding of capital markets and their relationship with corporate real estate, Michael develops solutions that align his clients’ real estate portfolios with their business and financial goals to achieve broader business objectives. Michael has advised clients in structuring build-to-suit projects, lease advisory and cost reduction, raising money for capital improvements, portfolio planning and management and exit strategies.
Michael advised a large multi-unit restaurant operator on a system-wide remodel. With a portfolio of owned and leased properties, he provided a comprehensive review of the client real estate portfolio and each stores unit level financials. Through this review, Michael recommended a strategy to execute the remodels by utilizing a variety of capital market approaches to achieve the remodels at no cost to his client. This resulted in the client saving $5 million in capital expenditures.
Michael arranged for the financing and take out of a 357,000 SF warehouse/distribution center. The developer secured a long-term lease with one of Michael’s large corporate clients with the intent to sell the asset upon completion. Using his client base, Michael was brought an investor to the developer during this phase who agreed to fund 100% of the construction, at no cost to the developer (100% equity financing) with a takeout price based on the lease the developer had secured. Michael reduced the value of the overall project 15% creating substantial rent reduction for his client.
Michael was a part of a team that helped facilitate the sale and leaseback of a 625,000 SF warehouse in Aurora, IL. The client purchased the asset for $25 million in 2009 and subsequently injected $5 million in capital expense upgrading the facility. His team educated the client on the swing in the real estate and capital market changes from time of purchase to 2014 devising a strategy for the clients to take advantage of the overheated CAP rate markets to create a substantial gain of $10 million upon the sale of the asset.
- University of Illinois
- Master’s Degree, Biochemistry
- Western Illinois University
- Bachelor of Science, Biochemistry