Compass Commercial Real Estate awarded bid to manage real estate in Michigan

The State of Michigan, Department of Technology Management & Budget recently announced Compass Commercial/ITRA Global as one of the four firms selected to manage real estate for the state for the western and southeastern areas of Michigan’s lower peninsula. As the State leases many commercial properties, within this three-year contract, Compass/ITRA will help the state find new locations within the assigned regions.

In addition to their expertise in the western and southeastern regions, Compass Commercial was selected based on their staff experience and their complete and well-organized marketing and financial analyses samples. Regional management will be headed by Compass President and Co-founder Lynn Drake, along with Marilyn Nix, Compass senior vice president of Corporate Services; and Chris Atwater, ITRA Global-Grand Rapids president and owner.

“We are pleased to have been chosen by the State of Michigan to manage real estate for the western and southeastern regions of the lower peninsula,” Drake said. “The consideration and selection process was thorough and engaging — now, we’re anxious to get to work!”

Well known in the real estate industry, Lynn Drake became a commercial realtor in 2001 after 15 years in corporate real estate during which she initially managed and leased industrial real estate across North America for Central Transport, then directed real estate and facilities for 1,000 Kelly Services branches in the United States and Canada. Thus far in her career, Drake has successfully completed more than 2,000 real estate transactions ranging from small business tenant leases to the sale and purchase of industrial complexes.  She also served as a City of Troy Planning Commissioner. She was featured on Florine Mark’s “Remarkable Women” show, and received Crain’s Detroit Business 2007 Real Estate Excellence Award.

Marilyn Nix is a real estate veteran, having primarily represented corporations for more than 35 years. She spent more than 30 years with General Motors Worldwide Real Estate, where she was responsible for many significant leasing and acquisition projects earning her an impressive reputation in the corporate real estate field. Most recently, she was the principal and broker in her own consulting firm, Marilyn P. Nix and Associates, which provided consulting services on economic development projects to local and state governments.  Nix is a past president of CREW Detroit, and is a delegate to the national organization, CREW Network. She has been active in CORENET, where she recently sat on the board of the Michigan chapter as the Vice President of Membership. Nix previously sat on the board of the Southfield, Michigan Planning Commission and the Downtown Development Partnership in Pontiac, Mich.

Getting his start in the industry as an appraiser for commercial real estate, Chris Atwater has worked in several real estate disciplines including asset management, property management, tenant representation and brokering. In addition to being a licensed Real Estate Broker in the State of Michigan, Atwater earned the following designations: Certified Commercial Investment Member; Member, Appraisal Institute. He also serves as Education, Appraisal and Tech/MLS Subcommittee chairs for the Grand Rapids Association of Realtors.

Under the state contract, Compass Commercial/ITRA Global will share responsibilities in the western region with CBRE, Inc., NAI Global, and Plante Moran Cresa, LLC; and with CBRE, Inc., Friedman Real Estate, and Plante Moran Cresa, LLC, in the southeastern region.

Compass Commercial, LLC/ITRA Global is a Troy, Michigan based company specializing in all phases of tenant representation for local and national clients. Its founder has 20-plus years of corporate real estate experience which allows them to help entrepreneurs and executives identify the right space at the right cost.