Paul Hoge Named 2023 Industrial Influencer by GlobeSt.
Adapted from: ALM | Globest.com article posted on September 5, 2023. To read about all the influencers, please click here to read the source article.
The industrial asset class has not been as beleaguered as some other categories in commercial real estate but it still has posed challenges to the community. Fundamentals are softening and subleasing has gained currency in many locations as vacancies increase. This is not to say that the space is facing any long-term difficulties – next year many believe that the vacancies will drop once more as supply tightens. We have selected the following men, women, teams and companies as those best suited to help guide the industry through these times due to their skills and industry knowledge.
The industrial real estate landscape in southeast Michigan is dotted with buildings and firms that Paul Hoge has had a hand in during his 41-year career. As SVP of Signature Associates, Hoge’s primary responsibility is transaction brokerage, client retention and client attraction. In the past three years, he has been involved with 205 transactions comprising 7.4 million square feet and 303 acres valued at more than $486.5 million. Among these transactions were three facilities for Webasto Sun Roofs, including a 109,380-square-foot headquarters building in Auburn Hills, a 289,000-square-foot facility in Plymouth Township, and a 280,000 square foot facility in Lyon Township. Hoge also brokered the new 275,401-square-foot headquarters for Tire Wholesalers Co., a client for more than three decades, in Oak Park. Since 2003, Hoge has been designated as a Power Broker by CoStar 19 times. Having started in the business in an economic downturn in 1981 and experiencing the Great Recession, he is mindful that booming times don’t last forever, but neither do troubling times. Hoge graduated from the University of Michigan Business School and is a past chairman and current board member of the Oakland County Economic Development Corp. In addition, he is a current board member of the British American Business Council and the French American Chamber of Commerce of the Midwest and an active member of the German American Business Council of Michigan. He is passionate about supporting the Detroit Country Day School, from which his two sons graduated. Hoge also enjoys international travel and has been to 39 countries. He is a black belt in Shorin-Ryu karate-do.
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