SARA Investment Real Estate, a full-service commercial real estate investment and brokerage company, is pleased to welcome Tony Phelps as its new Regional Vice President for the Minnesota region. Based in Minneapolis, Tony will concentrate on developing business relationships in the areas of brokerage, finance and investor relations, while leading the local market team to ensure efficient operation of the portfolio.
Tony comes to SARA with over 20 years in the commercial real estate industry, holding previous roles with Ryan Companies US, Inc., Opus Development Company and Cresa as both a broker and developer, where he completed more than $750 million in real estate transactions.
SARA first entered the Minneapolis-St. Paul market in 2015 and now owns five properties, including the historic, renovated Crown Center.
“We’re thrilled to have Tony join SARA and lead our Minneapolis-based team,” said Ben Adank, Vice President of Business Development for SARA Investment Real Estate. “Our portfolio includes some unique properties in the Minneapolis-St. Paul market. We look forward to Tony and his team uncovering new opportunities for our investors; further expanding SARA’s footprint in the region.”
