Hall Capital Commercial Real Estate, a real estate investment firm and Spectrum|Emery, an real estate development company, have formed Hall Emery, a real estate development and investment firm. The new firm will focus on acquiring and developing office, industrial and mixed-use assets in the Southeastern and Southwestern regions of the U.S.
NASHVILLE, Tenn. (Oct. 11, 2017) – Oklahoma City-based Hall Capital Commercial Real Estate, a privately-held real estate investment firm, and Spectrum|Emery, an industry leading real estate development company, have united to form Hall Emery, a full-service real estate development and investment firm. The firm will focus on acquiring and developing office, industrial and mixed-use assets throughout the Southeastern and Southwestern United States, and will continue to provide best-in-class commercial services to select owners inside and outside of the Hall Emery portfolio.
Hall Emery combines the investment insight, experience and capabilities of Hall Capital Commercial Real Estate with the 30-year development experience and best-in-class operating platform that Pat Emery and team have built over the years, most recently with Spectrum|Emery.
“Our real estate team has worked closely with Pat Emery and his entire organization as an investment partner on complex and transformative real estate deals in Middle Tennessee, and our talents and capabilities together are both unique and unmatched in our industry,” said Fred Hall, Chairman and CEO of Hall Capital, and Chairman of Hall Emery. “The investment expertise and resources we’re able to provide, coupled with Spectrum|Emery’s development and management capabilities, not only allow us to better serve our existing clients, partners and investors, but also position our organization for future growth and opportunity with other investors and developers across the nation.”
Hall Emery offers its investor partners a disciplined, connected and strategic investment and development team – coupling superior market insight with a best-in-class operating platform that provides leasing and management services.
The executive leadership team for Hall Emery will include Pat Emery, Clay Moss, and David Wells. Pat Emery will lead as CEO and will focus on sourcing and executing new development projects. Clay Moss will serve as COO and lead the company’s investment and asset management operations. David Wells has been named President and will lead Hall Emery’s commercial services operations that includes third party development, leasing and property management services while working closely with Emery and Moss to grow the portfolio in the Southeast.
“The formation of Hall Emery joins two companies that strive toward a mission to provide a forward-thinking approach to value and quality in real estate,” said Emery, CEO of Hall Emery. “Culturally, we are closely aligned, and share the highest commitment to integrity, loyalty and results. Working together as one company, we will be able to grow exponentially and capitalize on the strengths of both organizations.
Emery specifically touted the strength of his leadership team. “Clay Moss has demonstrated an exceptional ability to source and acquire great assets and has consistently added value to all properties he has had under management. David Wells has taken our commercial operations to the next level at Spectrum|Emery and has consistently delivered outstanding results for an array of clients in two of the most dynamic markets in the southeast – Nashville and Charlotte,” continued Emery. “Fred and I could not have more confidence in these two leaders and look forward to many successes in the years to come.”
Hall Emery will focus on three key platforms – investment, development and commercial services. The foundation of Hall Emery’s investment approach will be centered on acquiring stabilized assets, while creating opportunity to pursue value-add assets as well. It will also develop new assets based on marketplace demands, using on-the-ground market insight and a best-in-class operating platform to execute both the construction and the successful lease-up of the asset.
The company will deploy a variety of capital sources for each deal. “The primary source of capital will continue to be Hall Capital’s equity funds, but we’ll also have other sources for deals that don’t fit the fund structure,” said Hall.
The company will pursue a myriad of product types, including office, industrial and mixed-use. Deal sizes are expected to average between $15 million and $50 million, and up to $400 million for certain joint venture structures with preferred institutional equity partners.
“We approach every deal with flexibility and customization in mind. With the diverse make-up and expertise of our team, we’re able to fill a variety of roles with a keen focus on the nature of each specific deal,” said Clay Moss. “We have the ability to work with each of our partners in a number of different ways depending on the needs of the client and the project.”
Hall Emery will operate out of Nashville and Oklahoma City. For more information about Hall Emery, visit http://hallemery.com/.
Spectrum | Emery is a full-service commercial real estate company that provides best in class services to select clients, with a focus on customer service, wellness and sustainability. Spectrum | Emery has been committed to be the most dynamic full service real estate company in Middle Tennessee. Veteran Pat Emery has long been a leader in Nashville’s commercial real estate industry, developing the vision and spearheading the ground breaking of the Cool Springs area in 1996, which has since become Nashville’s top commercial hub and one of the Nation’s fastest growing suburban office markets.
Emery has constructed, leased, managed, and sold more than 1.5 million square feet of Class-A suburban office space in the area. Spectrum | Emery’s diverse team of talented professionals provide a range of specialized services, including development, leasing, property management, construction management, project maintenance, investment sales, tenant representation and corporate services. Spectrum | Emery prides itself on exceptional customer service and long-term tenant retention, and leads the industry in customer satisfaction results.
Today, Spectrum | Emery leases and manages more than 1 million square feet of Class A office space in Cool Springs and is spearheading the future of the region with new development projects such as Franklin Park, 18th & Chet and Fifth + Broadway, located in downtown Nashville. The success of the Firm is the result of its commitment to strategic planning. This has led to a great track record of tenant satisfaction, visionary developments, great local relationships and the unmatched ability to perform.
Spectrum | Emery is a national leader in sustainability, having successfully transformed its Cool Springs properties into the largest LEED Existing Building certified campus in the South. Spectrum | Emery is the area’s comprehensive real estate services company with the vision to conceive the future, and the execution to make the future happen now.
About Hall Capital
Hall Capital is a family-owned private investment company with offices in Nashville, Oklahoma City, Chicago, Dallas and Tulsa. Its roots extend back to legendary automotive pioneer Fred Jones’ first enterprise in 1920. Today, led by Jones’ grandsons – Fred Hall, Kirkland Hall, and Brooks “Boots” Hall, Jr. – Hall Capital is home to a diversified collection of business interests focused on private equity funds and investments in the real estate and automotive sectors. The company continues a long legacy of service through the Fred Jones Family Foundation. For more information, visit hall-capital.com.