Magellan Development Group Partners with Titan Commercial

CHICAGO – January 8, 2007 – Magellan Development Group has formed a partnership with Titan Commercial, a real estate brokerage firm specializing in the acquisition, leasing, and disposition of commercial properties. The arrangement was announced jointly by Magellan President David Carlins and Titan Principal Ben Rosenfield. Titan, considered a "Full Service" brokerage firm, has been active in representing both tenants and landlords principally in Illinois, Indiana, Wisconsin and Michigan and will continue to represent both sellers and purchasers in investment property nationwide.

"We at Titan believe in the benefit gained by understanding the intricacies of negotiating different product types whether it be for the end user or investor of Office, Industrial, Multifamily, or Retail. Using the apple and orange analogy; most clients own both apples and oranges. Consequently, by understanding the needs of an apple we can also benefit the client in the negotiation for the orange," explained Rosenfield, who was a broker with Millennium Properties R/E Inc. prior to forming Titan Commercial.

Other members of the Titan staff include Lori Catrinza, formerly with Cushman & Wakefield, and Jared Fisher, formerly with Matanky Realty Group. In regards to the participation of Titan in the Lake Shore East Development, "Titan´s mission will include helping fulfill our plan for a wide range of retail shops and services for the convenience of several thousand residents of Lakeshore East as well as the occupants of residences and businesses in surrounding buildings," said Carlins. "We believe that the energetic young Titan team will help expedite retail growth as well as energizing investment activity."

Titan Commercial, established in 2007, is affiliated with Magellan Development Group, one of Chicago´s largest real estate developers, and is a full–service brokerage firm that has been active in representing both tenants and landlords, principally in Illinois, Indiana, Wisconsin and Michigan and represents both sellers and purchasers in investment property nationwide.