Beacon CRE

Contact Info:
Phone: 610.828.0100 ext. 1633
Email: gmchale@beaconcre.com

Account Role
Gene McHale, who makes up one-third of Beacon Commercial Real Estate’s management, has more than 24 years of experience in commercial real estate, including the last nine with Beacon. His expertise is in leasing and selling office and industrial buildings, representing both tenants
and landlords.

Value to Client
McHale has a reputation as being one of the most cooperative brokers in the market, and his intensity and work ethic are unmatched. He creates value for his clients thanks to a unique understanding and knowledge of the industry.

Relevant Experience

Devon Square, 724 & 744 W. Lancaster Ave., Wayne, PA - McHale represents the Landlord, Keystone Property Group at this asset. Gene recently (in August & September 2008) completed 2 deals totaling 48,000 SF. Penn Liberty Bank signed a 15-year lease at the location, while Merrill Lynch renewed their lease and expanded to an additional 3,500 square feet.
Sentry Park West, 1777 Walton Rd., Blue Bell, PA - Gene took on this asset for Keystone Property Group in beginning of 2008 and has successfully taken the building’s occupancy rate from 88% to 96% in just over 10 months.
125 E. Elm St., Conshohocken, PA - McHale successfully leased Conshohocken’s newest class “A” office building to Delaware Valley Financial Group in June 2008. DVFG signed a lease agreement for the entire 41,000 SF building.
Tenant Representation - Chartwell Investment Partners - Berwyn, PA - Gene represented Chartwell Investement Partners in the renewal of their 20,000 SF office space at One West Lakes Corporate Center in Berwyn.
GSB Building, One Belmont Avenue, Bala Cynwyd, PA - McHale’s name has become synonymous with Bala Cynwyd’s “landmark” office building. He began working on the asset in January of 2003 when it was 52 percent leased, representing Maguire & Partners and Prudential. The building is currently outperforming the market with an 88 percent occupancy rate, while rental rates, once at $23.50/SF plus electric, are now between $26.50 and $29.50/SF plus electric. All of this helped ownership re-capitalize the asset, partnering with Capmark in 2006.
101 West Elm Street, Conshohocken, PA - McHale’s presence in Conshohocken is best exhibited at 101 West Elm Street, where he represented Keating Development and Mercy Health in the sale of the building to Brandywine Realty Trust. He was first brought onto the account in July of 2003, and brought the asset from 12 percent occupancy to 72 percent occupancy. At the same time, he was able to push rents from $22.00/SF plus electric to $25.50/SF plus electric.
Valley Forge Park Place, 1016 & 1018 West Ninth Avenue, King of Prussia, PA - McHale, along with Flynn, represented Allstate at Valley Forge Park Place. Combined, the pair spent 30 years involved with the asset. In total, the buildings contain approximately 150,000 SF of office space. With the portfolio at 92 percent occupancy, they sold it to Westbrook, then managed it, leased it, and oversaw capital improvements before it sold again in July of 2006.
Pinebrook Business Center, 2550 & 2650 Eisenhower Avenue, Valley Forge, PA - At Pinebrook in Valley Forge, McHale and Flynn spent 10 years dedicated to the project, bringing its occupancy from 40 to 98 percent. In July of 2005, they sold the asset to Maguire & Partners, but remain the leasing agents assigned to the buildings.
Valley Forge Business Campus, 2460 & 2490 General Armistead Avenue and 705 General Washington Avenue, Valley Forge, PA - Also in Valley Forge, McHale led a team that negotiated the sale of this three-building, 115,000 SF flex portfolio from CD Realty to the Buccini/Pollin Group during the third quarter of 2006. Since the transaction, McHale sold one of the buildings to an end-user, and increased rental rates to $12.00/SF NNN.