Company Profile |
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National Realty & Investment Company
In 1930 Edwin L. Brashears, Sr., and renowned Architect, Benjamin H. Marshall, founded National Realty & Investment Company (NRIC). The two had teamed up to manage Chicago’s Drake and Blackstone Hotels and developed the adjacent Drake Towers co-operative apartment building – Marshall serving as architect and Brashears as engineer for the project. NRIC later acquired the Drake Hotel, which it owned and operated until 1979 when the company converted its position to Landlord under a reversionary ground lease.
In 1960, NRIC acquired property in Oak Brook to develop the area’s first hotel. The Drake Oak Brook Hotel acted as the suburban affiliate to the internationally famous Drake Hotel and was easily accessible to O’Hare International Airport and downtown Chicago.
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The company continued its investment in the site in 1980 with the development of the Drake Oak Brook Office Plaza undertaken by then-President, Edwin L. Brashears, Jr. with joint venture partner, Traveler’s Insurance Company. The 250,000 square-foot, twin-tower atrium office building, which attained 80 percent occupancy within a year of opening, features underground parking connecting it to the hotel. NRIC sold the Drake Oak Brook Hotel in 1983 and the Office Plaza in 1990 NRIC’s two current operating officers, Stanley P. Brashears and James M. McGinn extended NRIC’s holdings in 1987 by developing the 385,000 square foot, 272 unit, Iroquois Club in Naperville. Since 1991, the officers and directors of NRIC have managed and increased the company’s holdings which include stocks, bonds and various real estate investments. |
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Drake Hotel, Chicago, IL |
Phillips Martin Real Estate, Inc.
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Phillips Martin Real Estate (PMRE) was incorporated in 1984 by Stanley P. Brashears and James M. McGinn, both of whom have an extensive history in commercial real estate and asset management. PMRE possesses the experience and financial strength to grow in all aspects of the commercial real estate business, providing services to private, corporate and institutional investors. These services include general brokerage, development, equity investment, consulting and management. Although the principal geographic area of operations has been the Chicago metropolitan area and surrounding markets, PMRE has fulfilled assignments for clients throughout the country. With integrity and a sound business strategy as the hallmarks of the company, PMRE organizes financial data in an institutional format in order to successfully negotiate and complete each transaction. |
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100 E. Roosevelt, Villa Park, IL |
Phillips Martin Management, Inc.
Brashears and McGinn are co-owners of Phillips Martin Management, Inc. (PMMI), which manages the various apartment, retail, industrial and office properties developed or acquired through the Phillips Martin partnership.
PMMI (Inc.) manages the Iroquois Club, a 272 unit, 385,000 square foot building in Naperville, Illinois, developed by Brashears and McGinn in 1987. PMMI also manages Greenbriar Place Condominiums in Glen Ellyn, Illinois, which was also developed by Brashears and McGinn.
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Most recently, Phillips Martin developed a new 20,000 square foot, single tenant retail building at 162 East Superior adjacent to Neiman Marcus just one half block east of Michigan Avenue in downtown Chicago, among other properties. The company also acquired and manages the Courtyard Shopping Center which is a 57,000 square-foot center located at 100 East Roosevelt Road. |
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Greenbriar Place Condominium |
