Since 1998, Senior Vice President Gary Goodgame and the KWP Occupier Services team have been responsible for all of Mercury Insurance’s (NYSE: MCY) real estate needs. They have overseen more than 2 million square feet of leasing, subleasing, acquisitions, dispositions, relocation, design, build-to-suit, facility and lease management for Mercury’s entire real estate portfolio, which includes property in CA, FL, GA, NJ, NY, OK and TX.
Recently, KWP spearheaded the post-pandemic consolidation of Mercury’s office assets which included dispositions (see below) and the successful sublease, early termination or renegotiation of approximately 200,000 SF of leased space. Office property sales include:
11000 Eucalyptus St., Rancho Cucamonga, CA ($22,500,000 / 127,000 SF); 1901 Ulmerton Rd., Clearwater, FL ($19,600,000 / 161,000 SF); 7301 Northwest Expy., Oklahoma City, OK ($3,900,000 / 101,000 SF); 1698-1700 Greenbriar Ln., Brea, CA ($32,500,000 / 165,000 SF).
Gary and the KWP team is responsible for the regular communication of real estate activities to Mercury’s C-suite committee which includes the CEO, CFO, controller, facilities director and other stakeholders as the project requires. Transparency and accountability are key tenets of KWP’s approach to client communication, ensuring efficient project management and impactful decision-making.
