Schnitzer Properties, previously known as Harsch Investment Properties, is a family-owned real estate firm established for over 65 years. With a portfolio spanning 28 million square feet, housing over 3,700 tenants across six states, the company stands as a significant property owner and manager. Founded by Harold Schnitzer and his son, Jordan Schnitzer, the company rebranded to commemorate its heritage and principles.
Harsch Investment Properties stands as a family-owned, regionally focused company known for its exceptional pride in property ownership, unmatched within the industry. With a profound concern for each tenant, the company believes its spaces significantly boost their business productivity. Its portfolio comprises office, multi-tenant industrial, multi-family, and retail properties spread across six western states.
Key Takeaways
- Harsch Investment Properties boasts over 65 years of expertise in managing real estate properties as a privately owned company.
- The company looks after a whopping 28 million square feet of property spread across six states, with more than 3,700 different tenants calling those spaces their own.
- Harsch Investment Properties cares deeply about every one of its tenants and provides spaces that make them more productive in their business.
Company Overview
History of Harsch Investment Properties
Harsch Investment Properties, now going by the name Schnitzer Properties, has been a big name in commercial real estate for a whopping 70 years. It all started with Harold Schnitzer, and now his son, Jordan Schnitzer, keeps the legacy alive. They’ve got this is an impressive history of snagging, handling, and building properties for their portfolio.
Mission and Core Values
Harsch Investment Properties, a family-run business with over 65 years under its belt, takes immense pride in its properties, setting a standard unmatched in the industry. Their aim? To offer top-notch commercial real estate that perfectly fits their tenants’ needs. They stick to their core values—integrity, respect, excellence, and teamwork—to guide their every move.
Leadership and Management
Jordan Schnitzer takes the reins as Chairman and CEO, steering the company with his renowned expertise in real estate development and philanthropy, earning recognition for his valuable industry contributions. Alongside him, a seasoned management team of dedicated pros ensures top-notch service for the tenants. Harsch Investment Properties boasts a solid history of triumphs, primed and ready for future growth.
Investment Portfolio
Harsch Investment Properties has a diverse portfolio of properties that spans across the Western United States. The company has been in business for over 70 years and has a strong reputation for investing in high-quality real estate.
Commercial Real Estate
Jordan Schnitzer takes the reins as Chairman and CEO, leading the pack. He’s not just a respected real estate developer but also a noted philanthropist, earning recognition for his industry contributions. The company’s management crew comprises seasoned pros, all laser-focused on delivering top-notch service to their tenants. With a solid history of success, Harsch Investment Properties is geared up for even more growth ahead.
Residential Developments
In addition to commercial real estate, Harsch Investment Properties also invests in residential developments. The company has a range of properties that include single-family homes, apartments, and condominiums. One of their notable residential developments is the 45-unit Parkside Apartments in Seattle, WA.
Industrial Projects
Sustainability Initiatives
Harsch Investment Properties is committed to environmental responsibility and community engagement. The company has implemented various sustainability initiatives to reduce its carbon footprint and promote sustainable practices.
Environmental Responsibility
Harsch Investment Properties has implemented several environmental initiatives to reduce its impact on the environment. The company has installed energy-efficient lighting systems, low-flow toilets, and satellite-controlled irrigation systems to conserve water. In addition, the company has implemented a recycling program to reduce waste and promote sustainability.
Harsch Investment Properties has also made a significant investment in renewable energy. The company has installed solar panels on several of its properties, which generate clean energy and reduce the company’s reliance on fossil fuels.
Community Engagement
Harsch Investment Properties believes in giving back to the communities where it does business. They’ve teamed up with local organizations to boost community involvement and back charitable causes.
To champion wellness and sustainability, they’ve rolled out programs in their properties. Think bike racks and shower facilities to encourage biking to work and a green cleaning program that cuts down on harmful chemicals.
Their commitment? Promoting sustainability, taking care of the environment, and lending a hand to the communities they’re part of.
Strategic Growth
Harsch Investment Properties has a track record of smart, step-by-step growth. They’ve continually beefed up their portfolio by snapping up properties and expanding in crucial markets across the western United States. Their growth plan zeroes in on nabbing and building top-notch properties in areas with robust economic foundations.
Acquisitions and Expansions
Harsch Investment Properties has been growing its collection by making savvy acquisitions and expanding its reach. In November 2021, they snagged the Powerline Industrial Park in Auburn, Washington, sealing the deal at $7.8 million. This spot boasts six buildings, adding up to 56,000 square feet of space for rent across 4.83 acres. Source[1].
In addition to acquisitions, Harsch has also been expanding its existing properties. In July 2021, the company broke ground on Sunset Airport Center II, a four-building mixed-use complex totaling 260,000 square feet in the heart of the Las Vegas Airport submarket Source[2].
Market Analysis
Harsch Investment Properties plans its growth by diving deep into key markets across the western United States. They set their sights on places with robust economic strengths like population growth, job opportunities, and low vacancy rates.
Take Arizona, for instance. It’s one of those strong markets where Harsch has been beefing up its presence. They’ve got a solid hold, managing 27 million square feet of properties spanning offices, multi-tenant industrial spaces, apartments, and retail spots across six western states, Arizona being one of them. Source[3]
In a nutshell, Harsch Investment Properties’ smart growth stems from prioritizing top-notch properties in markets with robust economic strengths. Their expansion plan? It’s all about digging deep into market analysis and sticking to their promise of snagging and building properties that perfectly fit their tenants’ and communities’ needs.
References
- Harsch expands in Auburn, WA with Powerline Industrial Park
- Harsch Breaks Ground on Mixed-Use Complex in Las Vegas
- Harsch Investment Properties Expands in Arizona
Investor Information
Financial Performance
Harsch Investment Properties has a solid financial track record, consistently growing over time. Their diverse portfolio of commercial real estate brings in steady income. Known for keeping properties occupied and nurturing long-term tenant ties, they’ve built up financial stability.
Their financial reports tell a story of a healthy balance sheet, with minimal debt and strong liquidity. Reinvesting profits into their properties is their game plan, ensuring these spaces stay valuable and appealing to new tenants. This strategy has been a shield during tough economic times, keeping their financial strength intact.
Investment Opportunities
Frequently Asked Questions
What types of properties do Harsch Investment Properties manage in San Diego?
Harsch Investment Properties oversees a mix of commercial spaces in San Diego. They handle offices, retail spots, industrial sites, and mixed-use properties scattered across the area. These spaces come packed with different amenities and features, catering to businesses of all shapes and sizes.
Are there any Harsch Investment Properties available for lease in Tucson?
Harsch Investment Properties has multiple lease options up for grabs in Tucson. They’ve got office, retail, and industrial spaces in top-notch spots across the Tucson area. These properties come decked out with various amenities and features, perfectly tailored to suit businesses of any size.
How do Harsch Investment Properties’ reviews reflect on their property management services?
Harsch Investment Properties has received generally positive reviews for its property management services. Tenants have praised the company for their professionalism, responsiveness, and attention to detail. However, there have been some negative reviews regarding communication issues and maintenance concerns.
What is the best way to get in touch with Harsch Investment Properties via email?
To reach out to Harsch Investment Properties via email, interested folks can head to the company’s website and complete the contact form found on the “Contact Us” page. Additionally, they can directly email the company at info@harsch.com.
Can you provide information on Harsch Investment Properties’ portfolio in Portland, Oregon?
Harsch Investment Properties boasts a wide array of commercial properties in Portland, Oregon. They handle a mix of office spaces, retail outlets, industrial sites, and mixed-use properties spread across the Portland area. These spots come with diverse amenities and features, catering perfectly to businesses of every size.
What are the key features of Harsch Investment Properties’ presence in Las Vegas?
Harsch Investment Properties stands tall in Las Vegas, boasting a lineup of commercial properties. From offices to retail spaces, industrial sites, and mixed-use spots, they’ve got it covered. Known for top-notch property management and keeping tenants happy, their properties come packed with amenities tailored to suit businesses of any size.