Background
Baker Young Corporation, established in 1989 through the acquisition of the Pittsburgh Management Services Group from Cushman & Wakefield, is a full-service commercial real estate firm headquartered in Pittsburgh, Pennsylvania. The company merged with Lockamp Properties in 2019, enhancing its service offerings and expanding its market presence. Baker Young's mission is to provide comprehensive real estate solutions, including property management, leasing, sales and acquisitions, facility management, construction management, tenant representation, and medical consulting services. The firm manages and/or owns over 2 million square feet of office, retail, institutional, and industrial real estate across southwestern Pennsylvania, Missouri, and Ohio.
Key Strategic Focus
Baker Young Corporation's strategic focus centers on delivering client-oriented real estate services that encompass:
- Property Management: Ensuring high occupancy rates and operational efficiencies to maximize owner profitability.
- Facility Management: Conducting thorough analyses to evaluate equipment maintenance and repairs, leading to strategic budgeting for repairs and capital improvements.
- Leasing and Sales: Facilitating property leasing and sales transactions to meet diverse client needs.
- Construction Management: Overseeing construction projects to ensure quality and timely completion.
- Tenant Representation: Advocating for tenants in lease negotiations and space planning.
- Medical Consulting and Management: Providing specialized services tailored to medical facilities.
The company targets a broad market, including office buildings, retail centers, medical facilities, industrial parks, and institutional properties, aiming to enhance property value and tenant satisfaction through professional and responsive service.
Financials and Funding
As a privately held firm, specific financial details and funding history of Baker Young Corporation are not publicly disclosed. The company's revenue is estimated to be between $1 million and $10 million, with a team of approximately 8 to 12 employees.
Pipeline Development
Baker Young Corporation's development pipeline includes managing and/or owning over 2 million square feet of diverse real estate properties. Notable properties under management include:
- 1005 Beaver Grade Road, Moon Township, PA: 53,000 sq ft office space.
- 2250 Babcock Boulevard, Pittsburgh, PA: 14,000 sq ft office space.
- Cargo Corporate Center, Moon Township, PA: 54,000 sq ft office/warehouse space.
- 9666 Olive Blvd., Saint Louis, MO: 148,000 sq ft office space.
- Lebanon Plaza, Pittsburgh, PA: 27,000 sq ft office space.
- The Executive Building, Pittsburgh, PA: 48,000 sq ft office/medical space.
- Lexington Technology Park, Pittsburgh, PA: 330,000 sq ft office/warehouse space.
- AHN Health + Wellness Pavilion, Bethel Park, PA: 115,156 sq ft medical facility.
These properties reflect the company's commitment to managing a diverse portfolio across various sectors and regions.
Technological Platform and Innovation
Baker Young Corporation leverages modern technology to enhance its operations and client services. The company's technological infrastructure includes:
- Website Management: Utilizing WordPress for content management.
- Design and Typography: Implementing Google Font API for consistent and professional typography.
- Web Development: Employing JavaScript frameworks such as TweenMax and RequireJS for dynamic and efficient web functionalities.
- Date and Time Management: Using Moment.js for precise date and time handling.
- Utility Libraries: Incorporating Lodash and Zepto for streamlined coding practices.
- Server Management: Operating on Apache HTTP Server for reliable web hosting.
This technological suite underscores the company's commitment to maintaining a robust and user-friendly online presence.
Leadership Team
Baker Young Corporation's leadership team comprises seasoned professionals with extensive experience in the real estate sector:
- Christine Stinson, President: With over 12 years as Vice President of Property Management for a regional development firm in Pittsburgh, Christine has overseen more than 7 million square feet of office, retail, and residential properties. Her expertise lies in property management, tenant relations, and lease negotiations.
- James Malanos, Vice President of Property Management: Co-founder of Baker Young Corporation, James previously served as Vice President of Business Development for Mellon Stuart Company of Pittsburgh, managing operations in Chicago, Orlando, and Pittsburgh. His diverse background encompasses commercial, industrial, and institutional projects, including significant roles in developments like Fifth Avenue Place and Pittsburgh International Airport.
- Mike Locke, Acquisitions/Asset Manager: Former President of a regional development firm, Mike managed the development, leasing, and property management of over 7 million square feet of Class A office, warehouse, and retail properties. Notable projects under his leadership include the Heinz 57 Center and the Grant Building renovations.
This leadership team brings a wealth of knowledge and a commitment to client satisfaction, driving the company's success in the competitive real estate market.
Leadership Changes
In 2019, coinciding with the merger with Lockamp Properties, Christine Stinson joined Baker Young Corporation as its newest partner, bringing her extensive experience in property management to the firm's leadership team.
Competitor Profile
Market Insights and Dynamics
The commercial real estate market in the United States is characterized by steady growth, driven by urban development, technological advancements, and evolving tenant demands. The market's resilience is evident in its ability to adapt to economic fluctuations and changing work environments.
Competitor Analysis
Baker Young Corporation operates in a competitive landscape alongside several notable firms:
- Wells Fargo Advisors: A major player in financial and real estate services, offering comprehensive solutions to a diverse client base.
- Fidelity Investments: Provides a range of investment and real estate services, leveraging a vast network and substantial resources.
- RBC Wealth Management: Offers real estate investment opportunities and management services, catering to high-net-worth individuals and institutions.
These competitors possess significant market share and resources, emphasizing the need for Baker Young to leverage its unique strengths to maintain and enhance its market position.
Strategic Collaborations and Partnerships
The 2019 merger with Lockamp Properties was a strategic move that expanded Baker Young's service offerings and market reach. This collaboration combined the strengths of both firms, enhancing capabilities in development, property management, construction management, and tenant representation.
Operational Insights
Baker Young Corporation differentiates itself through personalized service, local market expertise, and a commitment to client satisfaction. The firm's ability to manage a diverse portfolio across multiple states demonstrates operational agility and a deep understanding of regional market dynamics.
Strategic Opportunities and Future Directions
Looking ahead, Baker Young Corporation is poised to capitalize on opportunities in emerging markets and sectors, such as sustainable building practices and smart property technologies. By leveraging its existing strengths and exploring innovative solutions, the company aims to enhance its service offerings and expand its market presence.
Contact Information
- Website: Baker Young Corporation
- LinkedIn: Baker Young Corporation LinkedIn Profile
For further inquiries, please visit the company's official website or LinkedIn profile.
