Pine Tree Commercial Realty Promotes Phil Spitz to Executive Vice President

By April 2, 2014 May 2nd, 2014 News, Press Releases, Team

phil_spitz_thumbNORTHBROOK, Ill. (March 27, 2014) – Northbrook, Ill.-based Pine Tree Commercial Realty LLC recently promoted Phil Spitz, 58, from Senior Vice President to Executive Vice President of Property Management and Accounting, effective March 27, 2014.

Mr. Spitz joined Pine Tree in 2005 and leads the Property Management and Accounting groups. These groups attend to property operations, tenant relations, lease administration, budgeting and cash and GAAP financial reporting.

“Phil has continued to distinguish himself as a team leader with his firm focus on property management principles and financial reporting,” said Peter Borzak, Pine Tree Co-Founder and Managing Principal. “His promotion to Executive Vice President reflects his position on the executive and investment committees at Pine Tree and his leadership in a critically important area of our company.”

After beginning his career with the Chicago-based accounting firm Altschuler Melvoin and Glasser, Phil served as Manager of Real Estate at Hollister Incorporated, a global manufacturer of healthcare products. He then served as Vice President of Property Management at Klaff Realty, a national investor in retail and office building assets. At Klaff, Phil was responsible for the management of over 5,000,000 square feet of property. Phil has an accounting degree from the University of Illinois and an MBA from the Kellogg Graduate School of Business at Northwestern University. Phil is a Certified Public Accountant.

Phil is married, has three children and one grandchild, and lives in Buffalo Grove, Ill.

Pine Tree Commercial Realty, LLC is a full-service retail real estate development company based in Northbrook, Ill. Since its founding in 1995, Pine Tree has acquired and developed nearly 70 properties valued over $680 million across the United States.