TAG Industrial Watch: October 5, 2024
For the first time since 1977, the International Longshoremen’s Association (ILA) went on strike this past week after…
Learn MoreTAG Industrial specializes in the acquisition and disposition of single-tenant and multi-tenant industrial properties across the United States.
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THE LEADING COMMERCIAL REAL ESTATE FIRM IN THE U.S. AND CANADA
The most overwhelming takeaway from working with Adam was how intentionally focused and very well organized he was. Adam consistently communicated with me on every change and every update. He wasn’t excessive, but more aggressive than most people I’ve worked with; he is definitely a motivated individual. Adam is a true market expert and diplomat- even with certain contention points, he worked with both parties until there became mutual satisfaction on the transaction. I was more than satisfied with Adam, as he followed up on all points and kept me in the loop on every issue and deliverable that needed to be made. When people ask me about commercial real estate agents, my only comment is that they’re the second biggest waste of money. However, Adam proved that not to be the case at all. He brought an unmatched value to the table and allowed calmer heads to prevail when issues became personal.
Jeff T.
I listed with Adam because he was very persistent in his solicitation. The TAG Industrial team put together a very complete market analysis and presentation which allowed myself and the ownership to truly understand the value of the property and best way to move forward with the selling of the building. I believe Adam gave sound advice and was selfless in what advice he was giving. Normally, it is very easy to complain about any transaction but we were happy with the sales price and the transaction time was very short. It was probably the smoothest real estate transaction I have been a part of. As a result of this deal, we would recommend Adam to other investors.
Bill A.
Tyler researched a property that we recently acquired in St. Louis, which was a similar type of property to the ICL asset and cold called us pitching the acquisition opportunity. He then sent us the offering memorandum with more detailed information, which ultimately resulted in us making a competitive offer to purchase the property. The TAG Industrial team stood out in how clear and responsive they were throughout the transaction. Items needed from the seller were a potential challenge, but Tyler and Adam were fast in making them available to us, resulting in a strong close. Tyler and Adam are two very efficient men and could not have done more for us; their follow-through was super. We are now in a better position to achieve our long-term goals.
Davis S.
The TAG Industrial Team appeared competent and aggressive in their marketing. I wasn’t really ready to sell, but Cliff’s persistence and message that today’s hot market wouldn’t last and that there were buyers waiting to make a deal convinced me to list my property to get the best price. After just a week of listing the property, Cliff and Adam responded with multiple offers. There are always hiccups dealing with buyers and sellers, but the team offered solutions and listened to my concerns during the transaction. I would recommend Cliff and Adam. Every market offers challenges in timing for the right deal to emerge for both buyer and seller, and this team has the sense to bring both together in a hot market. The offer was 70k over listing price with a near perfect transaction.
Jim F.
On behalf of my wife’s Trust, I have been working with Adam for almost two years. Despite a false start approximately a year earlier, when my wife/the Trust changed her mind regarding selling the property at that time, Adam continued to provide services to us. When Anne finally decided to sell, we unhesitatingly listed the property with Adam/M&M early this year. And it took him all of three days to bring us a pre-qualified Buyer; with the property closing on time in just 45 days. Without reservation, Anne and I would recommend Adam to anyone who valued always-willing and competent good service, combined with realistic advice and success-proven performance on behalf of his clients. Anne and I have been involved with perhaps 30-some brokers in our real estate investments, planning and development for over 45 years. Adam stands out as THE best real estate professional who we have had the pleasure to work with.
Barry K.
We found Adam Abushagur after having our property listed for almost 3 and ½ years with other brokers. We were thinking about an auction in order to get it moved. When Adam and I were on the initial phone call, it sounded like he was willing to market the property aggressively, and had an extensive list of buyers within the Dallas-Fort Worth area as well as the state of Texas. Within 3 weeks of signing the listing memorandum, we had an offer which ultimately was rejected as being too low and within a couple of weeks had two more. One of which was accepted. That transaction closed in about a month from there. We are very pleased with our decision to hire Adam to represent us in selling this building.
Andy F.
I decided to list with Adam due to his overall knowledge of the industrial market. Adam did exactly what he said he would do and I received frequent email updates throughout the marketing process. Adam would call with any and all issues, handling the escrow process very well. We had four competing offers through a best and formal round of marketing. The sale leaseback allowed us to grow and increase our return on equity. I was pleased with the overall result and would work with Adam again in the future.
Eric J.
I have been involved in Real Estate for the past 40 years as a builder/developer and also as a licensed real estate broker in Texas. My wife and I had recently moved away and considered listing this remaining property with an outside brokerage firm. I had a cold call from Adam Abushagur. The process moved quickly and in a professional manner. There was a very good offer presented and I was most pleased with the terms. The process proceeded right up to the last day of the inspection period when the buyer backed out. This was not a result of any fault of Adam’s. To his credit, he did not let this in any way discourage his enthusiasm to sell the property. In two weeks, he had another and better offer for us to consider, this time with a 15-day close and hard money from day one. For anyone looking for representation in a real estate sale, Adam Abushagur would certainly be a broker worthy of consideration.
Jerry K.
Adam originally sold us the property, which consisted of three industrial buildings. The properties were vacant and we had a plan to spend money to refresh them and then lease them to a variety of tenants. We were able to accomplish this in four months. Adam gave us his opinion on price, told us to be patient, and assured us we would get there. He delivered on that promise. We were updated at every step of the way and Adam was on top of any issues that came up. Adam knew the buyer and was able to navigate the waters well. What stood out about Adam and TAG Industrial is the fact that Adam was on all sides of this transaction and navigated the process in an ethical manner. He sold us the property and methodically sold it to another client who saw value in the current yield that he had built a relationship with. I’d work with Adam again 100 percent.
Carter F.
I was very impressed with Cary in the initial interview and with his knowledge, presentation, and personality. I was even more impressed with everyone at TAG Industrial and how their system works. We really had no major hurdles, due to the TAG Industrial team’s personnel handling all issues so well.This successful transaction has allowed me to move my real estate assets smoothly and quickly, helping me achieve my long-term goals. I would highly recommend TAG Industrial and would surely work with Cary and the group again."
Jerry A.
Adam Abushagur with Marcus & Millichap was able to navigate a difficult transaction process and a demanding client, with a calm and patient attitude. Adam approached us in September of 2016 about the possibility of orchestrating a sale/leaseback of our office/industrial property. He presented a simplified version of our options and a marketing timeline, which helped us decide to go forward after our initial reluctance. He brought us several qualified offers within two weeks. From these, we were able to negotiate and sign an LOI in November. The due diligence and closing was extended several times and became drawn out. During this time, Adam stayed engaged and worked diligently to help resolve the issues. With his demeanor and consistent approach, I can understand why he has been successful. The result was good, but the way he handled it was better. I am happy with our choice of using Adam and would again in the future.
Wesley D.
Sam called on the phone about our properties in Garland and demonstrated knowledge of industrial properties and gave the benefits of working with Marcus & Millichap. At the time, we were in the process of negotiating a sale ourselves, but Sam was able to expose the property to several qualified buyers as opposed to our single interest. We were new to the process and needed help to get through it. Sam explained the entire process and presented several different options for us to make the best decision to accomplish our goals. Marcus Millichap helped us to work through last minute changes and requests by dealing with a delinquent tenant issue, negotiating satisfactory terms, and quickly collecting items needed to close. Sam was very pleasant and showed interest and our overall feeling of the transaction was one of satisfaction. If she did not know an answer, she would find out. She and Adam worked well together; they make a good team.
Anne L.
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