Smart Business Magazine, November 2019
November 2019 Smart Business Cleveland 29 COVER STORY INDUSTRIAL COMMERCIAL PROPERTIES LLC Christopher S Semarjian cuts right to the chase when evaluating real estate If we cant see the opportunity in five minutes we move on says Semarjian owner of Industrial Commercial Properties LLC Its that quick I mean when youve done it enough you just know We see things that a lot of people cant see and we take what from the outside may look like a significant risk that most real estate investors wouldnt take ICP has been in the industrial real estate sector since Semarjian began acquiring properties in 1996 The company is responsible for the operation of more than 42 million square feet of property throughout the Midwest serving 300 tenants on more than 100 properties Were doing 10 to 12 new projects a year but were only 65 percent occupied in our whole portfolio Semarjian says Out of our 42 million square feet that we currently own only a portion of that is occupied So we have a lot of lease opportunity within our own portfolio and were always making new acquisitions Semarjian is an entrepreneur a developer and a dealmaker But most of all he likes to be viewed as a problem solver I like to understand what drives people and once you understand that you try to inject a little bit of market reality he says We can sit down with people and say Hey I hear where youre coming from Heres where the market is today Heres what its going to take to bridge that gap Are you interested Christopher S Semarjian sees what others cant at Industrial Commercial Properties FORWARD THINKER BY MARK SCOTT mscott@ sbnonline com
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