Mark Alvarez joins the global firm as senior managing director to lead the new offering

Savills has expanded its services platform with the addition of Mark Alvarez as a senior managing director specializing in surplus property services. Based in Savills Houston office, he will lead the new offering and serve as the firm’s subject matter expert on impaired properties.

Surplus Property Consulting Services advises businesses and investors on divestment strategies and best practices for monetizing assets and mitigating risk on compromised real estate at a single site or across a portfolio.

“In the last five years, we have made continuous efforts to expand our advisory services to offer a broader, more holistic perspective for our industrial and logistics clients,” said Adam Petrillo, senior managing director, head of Industrial Services. “Mark’s industry leading experience and unique approach to optimizing outcomes at the intersection of real estate and risk management will greatly benefit our new and existing clients, especially those seeking to unlock trapped or intrinsic value in properties otherwise too risky to touch.”

Alvarez joins Savills with more than 25 years of experience in managing multimillion-dollar portfolios of legacy or surplus property. Alvarez and his team have extensive experience in developing, underwriting and planning the reuse of impaired real estate. Their clients include multinational companies, investment banks, commercial developers and public agencies.

Prior to Savills, Alvarez spent four years as the director of the Surplus Properties Program at Arcadis, where he managed all aspects of portfolio management for a wide variety of multinational clients. From 2012 to 2015, he worked as the regional regeneration manager for North America at BP America Inc. He has also held positions with Urban Investment Group, Meruelo Maddux and CityView.

“I am thrilled to join the talented team at Savills at this exciting stage,” Alvarez said. “The firm has invested heavily in forward-thinking solutions and strengthened its professional teams across North America, and I look forward to leading and expanding our offering in the area of impaired properties services.”

Savills has worked with some the largest and most nimble industrial companies in the world, including Fortune 500 corporations and global leaders in third-party logistics. Recent clients include International Paper Corporation, Caleres, Christian Dior Perfumes, Fabuwood, Port Logistics Group, MakeSpace and United Natural Foods Inc.

Alvarez’s arrival builds on the firm’s coast-to-coast growth and expansion in North America. Over the last several months, Savills has launched its new Dispositions offering; opened offices in Nashville, Detroit and Calgary, Alberta; and expanded Workthere, an online flexible office listing platform and specialized advisory service, in the U.S.

About Savills Inc.

Savills helps organizations find the right solutions that ensure employee success. Sharply skilled and fiercely dedicated, the firm’s integrated teams of consultants and brokers are experts in better real estate. With services in tenant representation, workforce and incentives strategy, workplace strategy and occupant experience, project management, and capital markets, Savills has elevated the potential of workplaces around the corner, and around the world, for 160 years and counting.

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