Irvine, Calif. (December 12, 2019) — Sperry Commercial Global Affiliates today announced that McCartt & Associates, a commercial real estate services firm, is helping with the company’s expansion as the first affiliate in the panhandle of Texas. McCartt & Associates, based in Amarillo, Texas, specializes in office, industrial, and retail properties and is led by Owner and Principal Broker Joe Bob McCartt (CCIM).
“We were drawn to the communications aspect of Sperry Commercial,” said McCartt. “It’s a great opportunity to present ourselves nationally and for development.”
“Our goal is to open our client base to a much larger marketing area,” McCartt added. “By joining Sperry, we will also have a wider market to look for property, as well as to sell some of our income-producing properties for our clients.”
Joe Bob McCartt attended Amarillo College and West Texas State University before graduating from the University of Mississippi with a Bachelors of Business Administration degree. Upon returning to Amarillo, McCartt began developing commercial real estate in the local market, as well as the Metroplex. McCartt has had great success in taking underperforming real estate assets and transforming their identity, which includes purchasing the Chase Tower in 2006 at 60 percent occupancy and selling the property in 2009 at 90 percent occupancy. Sequels to the Chase Tower include the Amarillo Building, Wellington Square Shopping Center, and several other properties.
Currently, McCartt & Associates is concentrating on real estate syndication, property and asset management, development, and brokerage. McCartt has served on several boards and committees, but most notably as chairman for two terms on the Texas A&M Real Estate Research Center’s Advisory Committee at College Station. He is a member of several organizations, including the North Texas CCIM, the North Texas Commercial Association of Realtors, the Texas Association of Realtors, and the National Association of Realtors.
“We are thrilled to have Joe Bob join our team,” said Rich Enderlin, chief operating officer at Sperry Commercial Global Affiliates. “His charisma, experience, and skill will be a valuable asset. Joe Bob is so dynamic in the market. He brings so much to the table, and we’re excited to be expanding in Texas with him.”