Former Potbelly Real Estate Leader Moves To Cushman & Wakefield

{Source: By  / Crain’s Chicago Business}

Tracey Fitzgerald

Tracey Fitzgerald

The real estate executive who oversaw sandwich chain Potbelly’s rapid national expansion in recent years has been hired by Cushman & Wakefield, where she’ll focus on helping landlords sign new tenants.

Tracey Fitzgerald has joined the Chicago-based commercial real estate brokerage as a senior director. Fitzgerald said she will be on a small team of brokers representing owners of about 7 million square feet of retail property in the area.

She’s switching sides on dealmaking, after representing a fast-growing tenant in Potbelly. Her move comes as many traditional retailers scale back store counts, and as other sectors, such as fast-casual restaurants, gobble up new spaces.

“I’m able to offer landlords the perspective from a national, publicly traded company, as far as having an eye for what’s important to retailers and understanding which brands will continue to need bricks-and-mortar stores,” Fitzgerald said. “There’s only a small group of brokers who focus on the landlord side of the business, so it’s a great niche. I think we can more than double the size of the portfolio.”

 

{Source: By  / Crain’s Chicago Business}