MACK Companies Grows Revenue by 1,100 Percent

Tinley Park, Ill.-based MACK Companies, a full-service real estate firm, announced it has grown its revenue by more than 1,100 percent over the past five years. The firm was the top-ranked real estate firm and 12th overall in this year's “Fast Fifty” by Crain's Chicago Business, which lists the fastest-growing businesses in the Chicago area. Earlier this month, the firm was also noted among the “Top 50 Real Estate Investment Managers” in Personal Real Estate Investor magazine.

“For the past several years, we’ve been very strategic about our growth, our market diversification and the best ways to leverage our collective strengths,” said James McClelland, chief executive officer of MACK Companies. “It’s an honor to be recognized for our growth, but it’s a testament to our hard-working professionals who are passionate about what they do.” MACK Companies is comprised of six divisions: MACK Investments, MACK Estates, MACK Construction, MACK Commercial, RentMACK and MACK Landscaping.

Leading MACK Companies’ revenue of more than $47.1 million in 2013 is the firm’s single-family investment properties business, MACK Investments, which currently manages more than 1,200 homes in the Chicago area totaling a sales value of $170 million. On average, the firm purchases a bank-owned home, redevelops it to new construction standards and leases or sells it every day. The firm’s RentMACK division manages the leasing and management of the properties.

The growth in revenue has translated into growth of the firm’s operations, which is now supported by a team of experts employed throughout 15 corporate departments. This summer, the firm will move its headquarters to the Centennial building in Tinley Park, just blocks north of the historic Fulton House where the firm is currently headquartered. MACK Companies purchased the property last year and is performing build-out services to accommodate its operations, with plans to occupy more than 10,000 square feet.  

Last year, the firm not only launched MACK Commercial, which owns and manages properties from Tinley Park to Cicero, but also launched MACK Construction, which was established after a merger with premier construction provider Marion Hill Company. “Although we’ve grown our residential redevelopment business exponentially over the years, our roots are in commercial real estate and in construction. Because we have the experience and resources in the commercial space, we’ve been growing these pieces of the business at a tremendous rate,” said McClelland. MACK Commercial recently purchased shopping centers Gateway Plaza and High Pointe Plaza, both located in Tinley Park. MACK Construction recently broke ground on Windsor Estates, a 200-unit skilled-nursing facility in Country Club Hills, Ill. The firm is currently working on the gymnasium and office addition to the Prairie Elementary school in Naperville; the rehabilitation of the West Chicago Main Street pedestrian tunnel; and, the first-floor remodel of a courthouse in Joliet, Ill.

McClelland added, “There’s a lot to be excited about as we look toward the future. Our MACK Estates line, which includes both redeveloped and new construction for-sale homes, has more than doubled over the past two years and expanded its geographic footprint in the Chicago area. And our MACK Landscaping and Oak Park Avenue Realty divisions have been expanded to deliver the same high-quality service to the public as it has been providing to our own properties for decades.”