Corfac News

19 072016

Core property segments and services: User reps for primarily office, but also for industrial, retail and investment properties.

Market areas served: The entire Chicago Metro area but also nationally and internationally as the client requests.

Member of CORFAC since: 2007

Key Principals: 

Renee New

Renee Betzelos Managing Principal 312-242-6006

Kurt New

Kurt Walsh Managing Principal 312-242-6005








How long has ProTen Realty/CORFAC International been in the industry? ProTen was founded 15 years ago. After working for larger firms, we introduced a high-quality boutique firm with a blue chip client base specializing primarily in tenant representation and secondarily in capital markets.

Who are your most notable clients and what do you do for them?

  • Freddie Mac – Multiple office deals (both acquisitions and dispositions)
  • ICE (owns N.Y.S.E.) – Multiple office deals and data center deals across the U.S.
  • Intrinsic Charter Schools – Multiple purchases (buildings and land sites)

Generally, we have a strong client base in financially-based firms and not-for-profit organizations.  Since the founding of our firm, we have worked on transactions that are valued in excess of $300 million.

What were your most notable transactions of the past year? We are just now completing in the Chicago CBD an office headquarters lease for an ASCP client, 33,000 RSF, ~$13.8 million in total consideration. We won the assignment in February by beating out Savills/Studley, CBRE and JLL.

What makes your firm a go-to solution for clients in your market? Commitments from senior management of the firm and our overall client service. Our creative thinking, financial analyses and presentations of the multiple outcomes versus best in the market sets us apart.

What do you value about your CORFAC membership and why do you stay affiliated with the network? All member firms embody the same philosophy, beliefs, approach and service in successfully conducting business. It has also been a consistently positive experience for us, both financially and emotionally.

What would you like CORFAC members to know about your firm? We pride ourselves on delivering results that stand the test of time in terms of providing the best financial, most flexible and contractually tight transactions.

Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 49 offices in the U.S., 5 in Canada and 17 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Japan, Mexico, Romania, Russia, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 620 million square feet of space valued in excess of $8.2 billion in 2018.