Richard A. Pain

Partner and Founder

Career Summary

Richard’s career spanning fifty years activity in the commercial real estate industry includes tenant representation and consulting for a multitude of Fortune 500 companies.  He has sold or leased more than 260 office and industrial buildings totaling over 21 million square feet and developed six industrial parks and numerous residential subdivisions.  Having formed Richard A. Pain & Co., in August of 2002, after retiring from Grubb & Ellis Co., he has focused his interest in the assemblage of residential and mixed-use PUD developments and has completed joint ventures with a combined development cost exceeding $50,000,000.

Richard Pain’s vast experience in all phases of brokerage and development result in creative approaches and solutions to complex real estate transactions.

                                                                                                               

Experience 

2002-Present      Richard A. Pain & Co. President

• Assembled and transacted multiple, mixed-use developments including the 450 unit Parkside Community in Douglasville, GA by KB Home, the 100 acre, mixed-use Shoal Creek Community in Dawsonville, GA and Maple Street Commons in Carrollton, GA, a 126 acre mixed-use development in Carrollton, GA. 

• In addition he oversaw brokerage or acted as principle in numerous office, industrial and hotel development & investment transactions.

 

1997-2001    Grubb & Ellis Company, Senior Vice President

• Sold/Leased 40 million dollars in investment and industrial properties in the Atlanta area.

 

1993-1996    Equis Corporation, Chicago, IL, Industrial Real Estate Consultant

 

1977-1992          Co-Founder of Pain/Wetzel

One of Chicago’s Premier Industrial Brokerage Firms

• Co-Founder of Corporetum Development Company, Lisle, IL Developed Corporetum Office Campus and Corporetum Office Towers in Lisle, IL. Leased and subsequently sold approximately 650,000 square feet of Class A office buildings. This development won the 1985 Chicago Land Suburban Development of the Year award.

• Co-Owner of General Warehouse and Transportation Co.

• Chairman/Senior Vice President
   

1962-1977      Co-Founder of Pain and Sutherlin, Inc.

• Sold or leased more than four hundred industrial buildings.

                                                                                                               

Organizations & Awards

• Top Five Producer - Grubb & Ellis 1998-1999, 2001

• Grubb & Ellis Circle of Excellence 1998

• Member of Society of Industrial Realtors for 20+ years

                                                                                                               

Education

• Northwestern University, General Business

                                                                                                               

Referral List

Industrial & Office Clients 

• Admiral Corp.

• ALCOA Aluminum

• American Red Cross

• Ameritech Co.

• Continental Can Company

• Graham Field Company

• Montgomery Ward

• Panattoni Development Company

• Pattillo Company

• Rockwell International Corp.

• R.R. Donnelley & Sons, Inc.

• Sealy Mattress Co.

• W.W. Granger Co.

Investment Clients

• Archon Group/Goldman Sachs

• Ford Foundation

• Heitman Mortgage Company

• Mutual of N.Y. Insurance

• Prudential Insurance Co.

• RealtiCorp.

• Westinghouse Credit

Residential Clients

• First Colony Homes

• KB Homes

• Millard Bowen

• Ryland Homes

• W.G Howington, Inc.

• Marathon Land Company

• Davis & Robinson

• Wyld Development