Mr. Patrick E. Gallagher

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  www.alterassetmanagement.com/pg.117.138.867_644.aspx?li - [Cached Version]
  Published on: 5/8/2008    Last Visited: 8/23/2008  

  According to Patrick Gallagher, Senior Vice President of The Alter Group, the buildings' closings were staggered over a two-week period to coincide with their construction-completion dates.The 309,495 SF warehouse at 6923 Buckeye Road sold for $18.2 million, while the 380,740 SF building at 6825 Buckeye Road sold for $22.9 million.
  
  "The buildings attracted eight offers during the marketing phase, with Principal Financial stepping up with the highest bid," Gallagher said."The deal was concluded directly with Principal.We were fortunate that the quality of these buildings and their prime location attracted very qualified buyers."
  
  With the first phase of Buckeye Logistics Center now complete, The Alter Group is planning the next speculative phase.According to Gallagher, construction of another building could begin in the first quarter of 2009.
  
  "We could develop on our own or form a joint venture with another institutional partner," according to Gallagher.

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  nreionline.com/property/industrial/real_estate_industri - [Cached Version]
  Published on: 7/19/2007    Last Visited: 7/19/2007  

  "It's clearly a response to demand by large, logistically driven, import-type companies that are putting a lot of focus and attention on their distribution networks," says Patrick Gallagher, senior vice president at The Alter Group.The company is eyeing new development opportunities in Chicago, and would like to add Atlanta and the East Coast to its big-box industrial program in 2007.
  
  "We've got major buildings going up in about four cities right now," he says, "and we look to expand even more so in those strategic cities that are tied to national and international logistics networks."

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  www.ifma.com/news_release/2007/mar/03_02d.cfm - [Cached Version]
  Published on: 1/1/2007    Last Visited: 3/3/2007  

  "Occupying a prime site at the intersection of Algonquin (Route 62) and Elmhurst Roads (Route 83) and just minutes from O'Hare International Airport, the speculative buildings are intended to support expanding air freight traffic," said Patrick E. Gallagher, Senior Vice President of The Alter Group.
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  "At year's end, industrial construction starts totaled more than 19.8 million SF, the largest amount of new projects seen in the Chicago market in more than 10 years," Gallagher said."Speculative construction accounted for 74.1 percent of those starts, a fact that clearly demonstrates the market's confidence in Chicago's solid industrial base.And despite the rapid pace of new construction, demand is keeping pace with the supply, with year-end 2006 leasing totaling 37.9 million SF for the metropolitan area.
  
  "The multibillion dollar modernization program currently underway at O'Hare will improve the airport's capacity for handling domestic and international air freight at a vital gateway for exports and imports to and from Western European and Pacific Rim countries.The 101 million SF O'Hare industrial submarket reported a low 6.5 percent vacancy rate and strong pent-up need for new space, due to smaller users moving out of obsolete buildings to free up land needed for the airport expansion," Gallagher said.

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  nreionline.com/property/industrial/real_estate_encourag - [Cached Version]
  Published on: 7/19/2007    Last Visited: 7/19/2007  

  It's a market on fire," says Patrick Gallagher, senior vice president, who adds that Alter is searching for development projects in New Jersey and around Philadelphia."The national market is still sluggish, but there has been consistently good leasing activity in places like Chicago, Atlanta and Dallas," Gallagher says.
  
  Undaunted by the Torto Wheaton forecast, Chicago-based Orix Real Estate Equities Inc. has broken ground on a 660,000 sq. ft. spec building in suburban Romeoville as well as a 334,000 sq. ft. building at the Meadowlands Distribution Center in northern New Jersey.

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  www.thealtergroup.com/pg.117.138.866_639_431.aspx?listI - [Cached Version]
  Published on: 4/13/2009    Last Visited: 4/13/2009  

  Patrick E. Gallagher The Alter Group - Our People Detail The Alter Group
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  As Senior Vice President, Pat Gallagher is involved in the firm's aggressive office and industrial development program across the nation. In this capacity, he is responsible for business development and the coordination of real estate services nationally.
  
  He joined The Alter Group in 2002.
  
  Background
  
  An experienced commercial real estate professional, Mr. Gallagher has completed more than $1.6 billion of office and industrial transactions during his 27-year career. Prior to joining The Alter Group, Mr. Gallagher was a Principal with Trammell Crow Company, with responsibility for the acquisition, development and redevelopment of office and industrial buildings throughout the Midwest. Before that, he was Senior Vice President of Pizutti Companies, opening the firm's Chicago office to build, lease and sell more than 3,000,000 SF of office and industrial buildings. As Senior Vice President of Stein & Company, Gallagher acted as the primary broker for major AT&T transactions in a six-state region.
  
  Mr. Gallagher has a Bachelor of Science degree in Political Science from Benedictine University. He is a member of the National Association of Office & Industrial Properties and the Urban Land Institute.
  
  Project Experience
  
  Mr. Gallagher is a leader in The Alter Group's highly successful national office and industrial development targeting blue-chip corporate clients. Mr. Gallagher's in-depth experience includes Calabash I, I and III, 1,700,000 SF of distribution space, Fontana, CA; the 830,300 SF Haven Distribution Center, Rancho Cucamonga, CA; Buckeye Logistics Center, a 162-acre distribution park, Phoenix, AZ; and Airwest -- Indianapolis, a 440,789 SF distribution center in Plainfield, IN. Additionally, Mr. Gallagher has acquired over 1,000 acres of land for business park use.

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  www.almevents.com/conf_page.cfm?pt=/CustomerFiles_sri/a - [Cached Version]
  Published on: 11/18/2008    Last Visited: 11/18/2008  

  Patrick Gallagher Senior Vice President The Alter Group

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  www.dsclogistics.com/howwework/wwd_art12.htm - [Cached Version]
  Published on: 8/1/2004    Last Visited: 3/15/2007  

  Pat Gallagher is a senior vice president of The Alter Group in change of the company's industrial developments nationwide.Most recently, he led the company's entry into the California market with two mega-sized distribution centers totaling more than 1.4 million square feet.In addition, he is responsible for Interstate Transportation Center, a 200-acre, $100 million masterplanned warehouse/distribution park in Rochelle, north of the new Union Pacific Global III intermodal yard.
  
  © Copyright August 2004.Chicago Industrial Properties.From Our Editorial Board, Patrick Gallagher.All rights reserved.

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  www.pe.com/business/local/stories/PE_Biz_S_trader08.383 - [Cached Version]
  Published on: 7/7/2009    Last Visited: 7/8/2009  

  Pat Gallagher, senior vice president of The Alter Group, a Skokie, Ill.-based developer of office parks and other commercial properties, said the distribution center has been vacant since his firm finished building it in June 2008. Trader Joe's officials looked at the building last fall and renewed their interest this year, Gallagher said.
  
  "It's definitely a different market from what it was a year ago," Gallagher said.
  
  The facility was built with the up-to-date features buyers expect in distribution centers today, but it was not outfitted specifically as a grocery warehouse, Gallagher said.
  
  "It's got all the bells and whistles that you'd expect to find, but (Trader Joe's) would have to outfit it to their own uses," he said.

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  nreionline.com/news/areas/real_estate_mega_warehouses_r - [Cached Version]
  Published on: 11/28/2007    Last Visited: 11/28/2007  

  The population is growing, creating demand for product, and industrial tenants are taking space to service the demand," says Patrick Gallagher, a partner with The Alter Group.
  
  The new mega warehouses cater to the latest inventory management systems with high clear heights, oversized truck docks and plenty of parking.Bay sizes and spacing have changed to promote efficiency as well.New safety and fire components, which are costly to incorporate into smaller structures, are more cost effective in large buildings.
  
  Finally, the modern buildings are more attractive than their lifeless, boxy predecessors because Corporate America wants these structures to represent the company."Today's buildings have a cleaner look," says Gallagher.
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  "That was sold at just below $50 a sq. ft.," says Gallagher of The Alter Group.

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  nreionline.com/research/fundamentals_slip/ - [Cached Version]
  Published on: 1/7/2008    Last Visited: 1/7/2008  

  "The user demand should come into play and fill many of these new buildings," says Patrick Gallagher, senior vice president at Chicago-based industrial development firm The Alter Group.
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  Gallagher admits that new supply is being developed at a torrid pace in the Inland Empire, but he's quick to add that industrial vacancy registered just 2% at the end of the first quarter in the market."So even if supply piled up, your vacancy is so low to begin with in markets like this," he says.
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  "There's a lot of capital still focused on buying industrial real estate," says Gallagher.

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