MACK Companies Ranks 36th Fastest-Growing Real Estate Firm in the Country

Tinley Park, Ill.-based MACK Companies, a full-service redeveloper and one of the largest owners and managers of real estate rentals in the Chicago area, announced it has ranked 958th among Inc. magazine’s “Inc. 5000,” which lists the fastest-growing companies in the United States. MACK Companies’ revenue grew 471 percent over the past three years, totaling more than $46 million in 2013. Within the real estate industry, the firm ranked as the ninth-fastest-growing firm in the Midwest and 36th nationwide.

“To be recognized among the top 10 real estate firms in the Midwest, and the top one-fifth of all companies in the country, is the result of the hard work and commitment of everyone at MACK Companies,” said James McClelland, chief executive officer and co-founder of MACK Companies. “Leveraging our team’s experience, knowledge and passion for real estate has allowed us to grow exponentially in both the residential and commercial sectors, becoming a leading full-service redevelopment firm on a national scale.”

Over the past three years, MACK Companies has more than doubled its workforce, growing to six divisions and offering a full complement of residential and commercial real estate services, including investment, construction and brokerage. In July, the firm moved into a new 30,000-square-foot campus just blocks from its previous headquarters in the historic Fulton House. MACK Companies purchased the new headquarters building, Centennial Place, in 2013 and performed the custom redevelopment.

“We attribute much of our growth to our REO-to-rental business, MACK Investments, which is the business model on which our firm was founded 17 years ago. It has grown significantly over the past five years, as foreclosure inventory has increased along with rental demand,” said McClelland. Today, MACK Investments owns and manages more than 1,500 properties totaling $170 million. The firm’s property management division, RentMACK, manages its single-family rental properties.

MACK Companies’ other residential real estate divisions include MACK Estates, which provides for-sale housing through ground-up construction as well as redeveloped foreclosed properties. The firm’s brokerage arm, Oak Park Realty, provides third-party brokerage services in addition to representing MACK Companies’ residential and commercial properties.

McClelland added, “Having begun my career in commercial real estate, I’m particularly excited to grow that part of our business. MACK Commercial managed the acquisition and build-out of our new headquarters building, as well as acquiring and managing a number of redevelopment retail properties. MACK Construction, which also performs new construction, has already participated in several public and private projects totaling $26 million this year alone. Our firm has a strong foundation in the commercial sector and we can’t wait to take it to the next level.”

Citing 1,100 percent revenue growth going back five years, MACK Companies also recently ranked as the fastest-growing real estate firm in Chicago in the “Fast Fifty” list by Crain’s Chicago Business, and 12th among all business sectors in the Chicago area.

“It’s humbling to consider that MACK Companies began with the purchase of just one single-family property. Seeing that grow to more than 1,500 properties, thousands of square feet of commercial space and numerous public and private construction projects is evidence of our professionals’ collective determination and expertise,” said Jim McClelland, chief operating officer who, along with his father James, founded MACK Companies in 1998. “We are well positioned to continue expanding our footprint in the construction, investment, leasing and brokerage markets for years to come.”

About MACK Companies
MACK Companies is a redevelopment firm offering investment, construction, residential, commercial, landscape and brokerage services. Founded in 1998 by Chicago-native father and son duo James and Jim McClelland, MACK Companies was built out of a shared passion for real estate. Today, MACK Companies is one of the largest providers of turn-key real estate with a portfolio of more than 1,500 properties in the Chicago area. Leveraging a team of professionals in various disciplines, MACK Companies is able to function at the highest levels of expertise in all specialized sectors of real estate.