Mohr Partners Signs Advanstar Global as Portfolio Client
May 22nd, 2013 | Press Releases
Mohr Partners Inc., a global corporate real estate advisory firm, announces the signing of a strategic advisory agreement with Advanstar Global LLC, the parent company of Advanstar Communications Inc. and ENK International LLC.
Through its subsidiaries, Advanstar Global, headquartered in Santa Monica, CA, serves business professionals and consumers in the Fashion, Life Sciences and Powersports industries with its portfolio of 143 events, 54 publications and directories, 253 electronic products and websites, and direct marketing products and services. Advanstar has approximately 600 employees and currently operates from multiple offices in North America and Europe.
Mohr Partners will work with Advanstar to manage a global portfolio of locations. Eric Beichler, Managing Principal in Mohr’s Dallas, TX corporate office, Mitch Lipton, Managing Principal in Mohr’s Detroit, MI office, and Diane Weisberg, Associate Director in Mohr’s Detroit, MI office, secured the agreement with Advanstar and will serve as the account executives.
“We are pleased to announce Advanstar as our newest global portfolio client,” said Ted Fredericks, President of Mohr Partners. “We will endeavor to provide exemplary support, positioning the company strategically and financially at each of their locations in Europe and North America.”
“Advanstar is the leading trade show operator in the United States, as well as a major player in all forms of b-to-b media, and we are excited to announce our partnership,” said Mr. Beichler. “We offer a unique service delivery model which will be an excellent fit for their portfolio requirements. We are eager for the opportunity to add value across the portfolio by driving down the expense line, increasing shareholder value and identifying the “true” occupancy costs. This is a partnership that will benefit them now and in the years ahead.”
“Advanstar is a highly regarded company with a long history of growth,” said Mr. Lipton. “We are very pleased to have been selected and look forward to a long and successful relationship with the company. Mohr Partners will strive to implement solutions to streamline their global portfolio by reducing occupancy costs and improving operational efficiencies as a ‘one source’ solution.”
Advanstar selected Mohr as its strategic advisor to manage the real estate portfolio through a consolidated and streamlined approach to account management. All corporate real estate activities will flow through a centralized function managed by Mohr. The services to be provided include portfolio account management, strategic advisory, lease administration, portfolio planning and consulting services.
About Advanstar Global
Advanstar Global LLC is the parent company of Advanstar Communications Inc., a leading marketing, events and media company providing integrated marketing solutions for the Fashion, Life Sciences and Powersports industries. Advanstar serves business professionals and consumers in these industries with its portfolio of 143 events, 54 publications and directories, 253 electronic products and websites, and direct marketing products and services. Advanstar has approximately 600 employees and currently operates from multiple offices in North America and Europe. Advanstar Global LLC is also the parent company of ENK International LLC, a leading producer of tradeshows for the fashion industry. Visit the Advanstar website at www.advanstar.com.