(JULY 29, 2013 – PHOENIX, AZ) – Transwestern has announced that commercial real estate veteran Lawrence (Larry) Pobuda has joined its Phoenix office, increasing its role in the leasing and sales of office buildings and providing in-depth expertise in development and investment. As Senior Vice President, Pobuda serves institutional, corporate and private owners, as well as corporate users.
“It is exciting to make strategic expansions in our range of services with someone such as Larry,” said Transwestern Senior Vice President Bill Zurek. “His national relationships and experience in a variety of real estate disciplines will enhance our already strong capabilities.”
Pobuda arrives from Minneapolis where he co-founded Stewart Lawrence Group, a partnership involved in acquiring and developing commercial real estate assets. In Minneapolis, he provided advisory services to key clients including the University of Minnesota. He also served as senior vice president and member of the five-person executive team at United Properties/NorthMarq, a 500-employee, full-service commercial real estate firm. Pobuda also served as the 2010 National Chair of NAIOP, the 15,000-member commercial real estate development association. His recent role as NAIOP Chair also brings an additional national perspective to Transwestern’s Phoenix team. Pobuda will maintain his relationships in Minneapolis in order to facilitate connections between those clients and Transwestern’s Minneapolis office.
“I am delighted to join Transwestern’s Phoenix team, which offered me the rare opportunity to interface between the worlds of development, investment and brokerage,” said Pobuda. “Phoenix is a wonderful community where I have felt at home even while I was based in Minneapolis. As the region’s economy continues to improve I look forward to helping grow Transwestern’s business.”
Pobuda’s activity in Minneapolis included tenant representation, project and facility management and lease administration. He served such high-profile clients as BlueCross BlueShield of Minnesota, Ecolab, UnitedHealth Group, Silicon Graphics and Macromedia. Responsible for the leasing oversight of 1.8 million square feet of Class A office space, Pobuda successfully closed more than 2 million square feet of leases with an aggregate value of more than $420 million for companies including GMAC/RFC, Bank of America, Weber Shandwick, Oracle, Microsoft, Merrill Lynch, William Mercer and AON.
Pobuda’s development experience includes the 242,000-square-foot, Class A 8000 Tower at Normandale Lake Office Park; the redevelopment of the 81,000-square-foot Doctor’s Professional medical office building in St. Paul, Minn.; and the development of nine-story student housing project 318 Commons in Rochester, Minn. Prior to United Properties, Pobuda served as marketing principal for Trammell Crow Company, where he focused on development and ownership of office and industrial real estate.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit www.transwestern.net and follow us on Twitter: @Transwestern.
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