Nationwide Real Estate Development

Industrial Realty Group, LLC.

Stuart Lichter owns and controls in excess of 50,000,000 square feet of real estate through IRG and affiliated companies.  At IRG, Mr. Lichter oversees all critical aspects of the business, including acquisitions, leasing, and property management.

Early in his career, Mr. Lichter worked for the General Services Administration of the United States Government.  In 1971, he accepted employment in the Mortgage Loan Department of New York Life Insurance Company where he was responsible for both appraising real estate and negotiating mortgage loans for commercial clients ranging from several hundred thousand dollars to approximately $30,000,000.  When the bank endured large-scale loan problems due to unmet REIT loans, Mr. Lichter became increasingly involved in loan workouts, completing unfinished construction projects, and leasing and selling foreclosed projects.

Mr. Lichter left Marine Midland in 1977 and started Quadrelle Realty Services, Inc. with the intention of doing appraising, mortgage, and sales brokerage on income-producing properties, as well as consulting work in real estate.  His ultimate goal was to own and operate investment properties with Quadrelle managing the owned properties.  The company, in its initial years, did extensive appraisal work and brokerage and also did consulting work for, among others, Weight Watcher’s International, Heinz Corporation, Marine Midland Bank, and the National Development Council.

In 1977, Mr. Lichter also started acquiring his first real estate deals.  These deals began as very small distressed or mismanaged properties requiring little or no equity and with success gradually grew in size and scope.  These properties represent virtually every area of real estate, including office buildings, shopping centers, industrial and warehouse buildings, business parks, hotels, mini-storage facilities, marinas, apartments, and mobile home parks.  The common element to these properties is that most of them were purchased with severe vacancy and/or physical problems and required substantial renovation and/or leasing in order to become economically viable.  In virtually every case, these transformations were successful and the value of the assets substantially increased.

In the last ten years, while still involved in a wide variety of properties, Mr. Lichter has increasingly focused his energy on the industrial, commercial, and R & D niche of the marketplace.  He has become one of the leading factors in renovating very large industrial complexes that have been closed by major corporations and the federal government.  He has successfully recycled these properties into viable multi-tenant complexes.  In recent years, he has acquired, in various forms and partnerships, over 60 industrial and commercial properties with a total size in excess of 40,000,000 square feet—making the portfolio the largest private holding of industrial and commercial real estate in the nation. 

Mr. Lichter has a B.S. in Business from Hunter College, part of the City University of New York.  He also completed all coursework for an MBA in Finance from Pace University.  Additionally, Mr. Lichter satisfactorily completed all coursework and the experience requirement for the M.A.I. designation from the American Institute of Real Estate Appraisers.  Mr. Lichter also completed on term at New York University Law School.

Founder, President, and Senior Managing Partner

E-mail: slichter@irg.cc

Stuart Lichter

Phone: (562) 803-4761