| Fall 2008 | View PDF |
What’s Next is What’s Now for Next Realty - Firm Celebrates 10 Year Anniversary
As Andy Hochberg was finishing his run at the helm of Sportmart, the business his family built and then sold in 1997, rarely a day went by when he wasn’t asked, “What’s next?” So when he finally determined his new direction — a commercial real estate firm — it was only natural to name it Next Realty.
While building Next Realty to where it is today — a firm that owns and manages real estate valued in excess of $375 million in nine states and the District of Columbia— Hochberg has remained focused on “what’s next” by keeping his eyes open for new initiatives that will expand business, grow the company portfolio, improve its proper ties, serve its clients and provide invest- ors attractive investment returns.
Through its evolution, Next Realty has become a truly diversified real estate firm: one that owns, manages and develops retail centers and land, one that represents the interests of clients through leasing and acquiring real estate, and one that consults to owners of parking facilities to help them maximize value.
During Next Realty’s earliest days, Hochberg operated the company alone from a one-man office in Chicago’s north suburbs. Eventually, he called on a colleague in the industry, George Galloway, to join him and to establish a presence in the Mid-Atlantic states. Galloway and Hochberg had worked together several years earlier when Galloway was a tenant rep broker handling Sport- mart’s expansion. Through this teaming, Next was able to expand its playing field, both geographically and operationally, as tenant and landlord representation capabilities were added to the firm’s repertoire.
Over time, as the company grew and opportunities for new business emerged, Next added Robert Caplin and Marc Blum as principals, each with a discipline and a focus that added to Next’s expertise and ability to serve the needs of clients and investors.
