Elmhurst, Illinois, United States
Passionate about pursuing success in his chosen career, Lenny Sciascia has been able to earn the respect of his colleagues and the employees at Tishman Speyer, where he has worked since November 2007 for the Midwest Region. Lenny has been with Tishman Speyer for 15 years, first coming onboard as Property Manager at the firm’s Chicago office in August 2000. Currently, he is the Senior Director of Property Management for the Midwest Region.
During his employment as Property Manager, Lenny Sciascia assisted with the underwriting for the 6M RSF EOP/Blackstone Chicago - Tishman Speyer acquisition. He also minimized portfolio operating expenses by $1.81 psf within 90 of purchase by identifying inefficiencies and implementing Tishman Speyer policies and standards. Mr. Sciascia negotiated parking agreements for the Chicago region, an accomplishment that increased net operating income by $5 million per year. Lenny also assisted with an $8 million dollar lobby renovation at 200 West Madison, which was accorded the AIA award and a TOBY award for “Redevelopment of the year 2007”. In addition, he designed a building transition strategy for all acquisitions. Lenny also managed internal/external reporting requirements for lenders and Fund IV, V and VI investors. Skillfully, Mr. Sciascia developed business plans. He was responsible for profit and loss for all capital projects and operating budgets, employing his brilliance and dedication to excellence while doing so.
Lenny Sciascia managed a total of eleven assets in a dual capacity as Property Manager/Assistant Manager at Tishman Speyer. He regularly conducted strategy meetings with various ownership entities and Senior Management for each asset. Mr. Sciascia successfully maintained more than 83% retention rate with existing tenants, and also assisted in the overall marketing of the property including helping negotiate new leases and renewals of existing tenants. Skillfully, Lenny led the due diligence program for the 55 East Monroe disposition and also designed the property management initiatives that were implemented within the company’s regional portfolio.