Business Details
15 Years
experience
Commercial Real Estate Investment and Management Services
Core Acquisitions is a commercial real estate investment, development, property, and asset management company based in Chicago, Illinois. Our expertise spans acquisitions and development of retail, office, industrial, and multi-family real estate, with a focus on enhancing property-level fundamentals to maximize stakeholder returns. We employ a hands-on approach supported by in-house personnel experienced in complex transactions, including fee simple acquisitions, joint ventures, and loan acquisitions. Our services encompass analysis and due diligence, property management, asset management, and construction management.With a geographic focus on Colorado, Illinois, Indiana, Iowa, Minnesota, Missouri, Ohio, Texas, and Wisconsin, we deliver value through strategic property management, leasing, and development initiatives. Our teams extensive experience in managing over 1 million square feet of real estate in the past three years underscores our commitment to operational excellence and client satisfaction.
Services
Acquisitions
Development
Property Management
Asset Management
Construction Management
Retail Real Estate
Office Real Estate
Industrial Real Estate
Multi-Family Real Estate
Third-Party Management
Details
- Year established: 2011
Highlights and features
- We have extensive experience in complex real estate transactions, including joint ventures and loan acquisitions.
- Our in-house team provides comprehensive property services from analysis to construction management.
- We focus on value-add opportunities across retail, office, industrial, and multi-family real estate.
- Our team has managed over $1 billion in commercial properties nationwide.
- We specialize in third-party management for owners, investors, and special servicers.
Services
Acquisitions
Core Acquisitions specializes in identifying and securing commercial real estate assets, including retail, office, industrial, and multi-family properties. Our team leverages strong relationships with national and regional tenants to execute value-add strategies. We focus on stabilized, value-add, and development opportunities nationwide.
Development
We manage the full development lifecycle, from site acquisition to construction oversight, for retail, office, and industrial properties. Our expertise includes entitlements, design, and creative construction solutions. We collaborate with partners to deliver projects tailored to end-user needs.
Property Management
Our property management services ensure efficient operations and income maximization for owned and third-party portfolios. We oversee leasing, budgeting, and maintenance, with a track record of managing over 1 million square feet of commercial space in the past three years.
Asset Management
We provide strategic asset management, including lease analysis, tenant credit evaluation, and market comparisons. Our team ensures alignment with ownership objectives while optimizing property performance through data-driven decision-making and market insights.
Construction Management
Core Acquisitions oversees construction projects from bidding to completion, ensuring adherence to budgets and timelines. Our principals have managed over $1 billion in project costs over the past decade, utilizing a network of industry professionals to deliver quality outcomes.
People
Adam Firsel
Managing Principal
Founder of Core Acquisitions with over 20 years of experience in real estate investment banking, development, and acquisitions. Graduated from the University of Wisconsin-Madison and has led over 100 projects totaling $2 billion in value.
Brad Joseph
Principal
Co-principal with expertise in acquisitions and asset management. Joined Core in 2013 after roles at Sterling Bay and Next Realty. Licensed Illinois real estate broker and active member of the International Council of Shopping Centers.
Jonathan Spitz
Principal | Executive Vice President of Property Management
Director of Property Management with a track record of managing $1 billion in commercial properties. Former Senior Property Manager at Inland Commercial Real Estate, specializing in nationwide property oversight.
Sameer Khan
Director of Acquisitions
Led sourcing efforts at Baceline Group and joined Core in 2024. Focuses on investment opportunities and due diligence. Active in ICSC and the Denver real estate community.
Tim Flanagan
Director of Development and Construction
Over 25 years of experience in development and leasing. Managed 55+ properties totaling 6 million square feet. Former partner at Mid-America Development Properties and Mars Equities.
Questions
What types of properties does Core Acquisitions focus on?
We specialize in retail, office, industrial, and multi-family commercial real estate across the United States.
Does Core Acquisitions offer third-party management services?
Yes, we provide property and asset management for third-party owners, investors, and special servicers.
How does Core approach property development?
We manage the full development lifecycle, including site acquisition, entitlements, design, and construction oversight.
What geographic areas do you serve?
We focus on Colorado, Illinois, Indiana, Iowa, Minnesota, Missouri, Ohio, Texas, and Wisconsin, with national capabilities.
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