Mack Real Estate Group (MREG) is significantly expanding its commercial real estate business activities in Phoenix, demonstrating a commitment to growth in and around a market where other Mack family investments have been well established since the 1980s. MREG announced major new acquisition and development activity in Phoenix, along with key new hires in the local market and the headquarters relocation of its affiliated national property management business to Phoenix.
Craig Henig has been named Executive Director, overseeing the firm’s activities in the region. He previously worked for The Mack Company, another Mack family business that has been investing and developing industrial and office properties in Phoenix since 1987, and held senior-level positions in CBRE’s Phoenix office.
In mid-October MREG closed on construction financing and officially broke ground on a 170-unit market rate Class A apartment community in Scottsdale. A few weeks earlier MREG completed the acquisition of The Hub at Goodyear, a new, 793,862-square-foot industrial facility located in Goodyear, AZ, in one of the market’s largest industrial trades this year. Mack Property Management, the property management business of MREG, has also relocated to Phoenix from Boston effective this month, and brought on board Robert J. Matthews as Senior Vice President of Finance and Accounting.
“We’re excited to have so much going on in Phoenix right now,” said Richard Mack, CEO of MREG. “These transactions and new hires, as well as the relocation of Mack Property Management, represent the culmination of a broader long-term plan to both expand our activities locally in Phoenix and establish the strongest possible base in the Southwest that enables us to reach more of the country.”
Craig Henig is the son of Ralph Henig, who with William Mack – Richard’s father – established The Mack Company presence in Arizona over 30 years ago. He now joins MREG’s equity investment business in Phoenix alongside Kevin Lindquist, who relocated to Phoenix in 2019 and oversees national property development activities undertaken by Mack Real Estate Development.
Mr. Mathews joins Mack Property Management from the Phoenix office of CBRE, Inc., where he held senior-level accounting and finance roles for the past 15 years, most recently serving as Director of Accounting since 2015. Prior to CBRE, Mr. Matthews served as Controller for Cardon Companies, overseeing finance and accounting for multiple business lines.