contact information:
phone: 312.558.3803
e-mail: KPurcell@mbres.com

more leadership profiles:
Peter E. Ricker
John T. Murphy
Mark A. Buth
Gary A. Denenberg
Daniel J. Nikitas
Andrew J. Davidson
Jay G. Beadle
Pamela Rose
David R. Graff
Eve West
Maureen G. Grove

Kevin M. Purcell
Executive Vice President
& Managing Director of Asset Management

Mr. Purcell is active in all facets of commercial real estate, including asset management, construction management, leasing, and accounting, since 1991. Rising to success as Director of Asset Management, he provides key management and leasing guidance to MB Real Estate’s 15 million square foot management portfolio, which includes clients such as ABN AMRO, The Chetrit Group, Credit Suisse First Boston, GE Asset Management, Teachers Insurance & Annuity Association, TMW Limited Partnership, and the States of Illinois and Wisconsin.

Prior to his advancement to Director of Asset Management, Mr. Purcell was the firm’s Senior Vice President and Portfolio Manager. Drawing on his construction management expertise, he directed the $125 million redevelopment of three of Chicago's most distinct properties – One North LaSalle, One North Dearborn, and 360 North Michigan. Dramatic improvements to the properties included new HVAC, electrical, plumbing, fire/life safety, and elevator systems as well as significant façade repairs and beautification accomplishments. Notably, Mr. Purcell successfully negotiated $13 million in tax increment financing (TIF) for One North Dearborn and obtained a Class L (Landmark) tax status for both One North LaSalle and 360 North Michigan.

On this project, Mr. Purcell negotiated approximately 100 lease transactions to increase the average occupancy rate from 20% to 80% across the portfolio. Among the most notable portfolio transactions are Bank One (300,000 rentable square feet), Sears Roebuck & Co. (250,000 rentable square foot department store), Crain Communications (75,000 rentable square feet), and PricewaterhouseCoopers (50,000 rentable square feet). Mr. Purcell acted as an owner advocate in all aspects of the lease proceedings, including negotiation and supervision of numerous tenant construction projects up to $30 million. (These projects ranged in complexity from installing new flooring and furniture to installing separate mechanical, electrical, plumbing, and vertical transportation systems.)

Prior to assuming the role of Portfolio Manager, Mr. Purcell served as General Manager on several high-profile properties such as 311 South Wacker, 200 West Madison (Madison Plaza), and 100 North Riverside (Boeing Building).

As a leasing agent, Mr. Purcell has completed over 2 million rentable square feet of lease transactions and $65 million in tenant construction on behalf of institutional owners such as Credit Suisse First Boston, Equitable Insurance, General Electric, Teachers Insurance & Annuity Association, and UBS.

Mr. Purcell is an active member of the Building Owners & Managers Association and is currently a candidate for a CCIM designation. Mr. Purcell is also a member of the Board of Directors of Ingalls Memorial Hospital and was a former member of the zone board of appeals for the Village of Homewood. He received his bachelor's degree in accounting from DePaul University.