Matanky Realty Group today announces Senior Vice President and Director of Brokerage, Terri Cox, has been recognized as a CoStar Power Broker™. She was selected as a Top Retail Leasing Broker™ within the Chicago market, a distinction awarded to only the best fifteen retail brokers.
Though the award comes as a result of Cox’s continuous, dedicated efforts, it is no surprise. This is her fifth time winning the honor. She has been recognized in 2013, 2014, 2015, 2017 and now, 2018.
CoStar has honored these market leaders since the award’s inception in 2005. Annually, CoStar Researchers tally all commercial real estate sales and lease transactions completed in the previous year. The awards are presented both to the firms and brokers with the highest deal volume in their respective market. In 2018, these winners, representing the top 120 markets, generated over $900 billion in transaction value.
Cox completed over 80 deals in 2018 that primarily consisted of new and renewal retail leases. Her most notable deals last year included two major redevelopments, one of which is still ongoing. The first centered on downsizing a vacant grocery space to accommodate a local merchant and acquiring a national tenant to occupy the created vacancy. The project was partially funded by the City of Chicago through its Neighborhood Opportunity Fund. Cox and her team worked closely with the City of Chicago Department of Planning and Alderman Michael Scott to obtain the financing for this project.
Her second most notable deal, in a Lansing retail center, is still having lasting effects. When she secured the listing, this center was under extreme distress after one, of the six total owners, had lost part of the property in foreclosure. The property was because both major box anchors, Walmart and Ultra Foods, went dark. Cox secured a local, destination tenant to take over 22,000 square feet of retail space. Only a few months after moving into the space, this addition has driven over 30,000 square feet of additional LOI’s with more expected to follow.
Cox will be recognized at an event held in May. She will have the opportunity to mingle with other Chicago brokers and will receive a personalized plaque designating her as an esteemed Power Broker recipient.