BALTIMORE, MD — CORFAC International president Scott Savacool, CCIM, SIOR, announced that Baltimore’s Blue & Obrecht Realty has joined CORFAC International as the commercial real estate network’s newest affiliate. CORFAC International now has 59 affiliated locations in North America and more in Latin America, Europe and Asia.
Member-driven and entrepreneurial, CORFAC International (Corporate Facility Advisors) is the only remaining global association of independent brokerage firms that wish to steadfastly maintain their independence and work collaboratively to serve their clients. Earlier this year, CORFAC added a new affiliate in Chattanooga, TN: McCormick & Company/CORFAC International.
Blue & Obrecht Realty/CORFAC International serves Baltimore and the Mid-Atlantic region. The company focuses on brokerage services, assisting tenants, owners and investors with their real estate requirements in the office, industrial, flex, R&D and to a limited degree, retail sectors. The firm is affiliated with Obrecht Properties, LLC, which offers development and construction services and
manages 3 million s/f of commercial property.
Blue & Obrecht Realty/CORFAC International is managed by founder/president Richard “Richie” F. Blue Jr., SIOR (pictured), senior vice president David Paulson, SIOR and senior vice president Paul F. Obrecht III, SIOR.
Blue has more than 35 years of experience in commercial real estate and was with Colliers Pinkard (which became part of Cassidy Turley and now DTZ) before leaving in 2000 to form Blue & Obrecht Realty; Paulson has more than 25 years in the commercial real estate business and for many years he was with the former CORFAC affiliate in the Baltimore area, Manekin LLC, while Paul Obrecht has been in the real estate industry for more than 20 years as a construction coordinator, property manager and leasing agent.
“While we certainly focus much of our work locally and regionally, we are already involved in interstate brokerage services with client requirements in numerous states. Taking on the CORFAC affiliation becomes a strong validator that this is a core service offering of ours and it deepens the resources and expertise we have available to serve clients with requirements outside of Maryland,” said Richie Blue.