2023 Power 50: William Kelleher, IV & James Umphrey
Photo | Courtesy of Kelleher & Sadowsky Associates
Will Kelleher and Jim Umphrey, principals, Kelleher & Sadowsky Associates
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Even people who do not follow commercial real estate recognize the Kelleher & Sadowsky name from its signs on properties throughout Central Massachusetts. The company leased nearly 2 million square feet and sold $156 million in commercial space in 2022.
Will Kelleher and Jim Umphrey oversee more than 20 full-time commercial real estate brokers. The firm has attracted top talent over the past five years, including Philip DeSimone and Meghan Liddy, who have opened up new markets and expanded the firm’s services, including arranging financing and providing real-time market data solutions.
In the past 12 months, the firm has sold notable properties like the former headquarters of BJ’s Wholesale Club, visible from Route 9, and an abutting property in Westborough to make way for an 800,000-square-foot life science campus. In February, the firm brokered the sale of One and Two Chestnut Place in Worcester, home to Worcester insurer Fallon Health, to Boston developer Synergy. The firm handles leasing for the Mercantile Center in Downtown Worcester, with the development at nearly 100% occupancy.
How should professionals best use the power they wield? “If you have been fortunate enough to be successful, pay it forward. Engage with your community. Give back whenever and wherever you can. Teach those in your organization how to lead others by setting the very best example of character, honesty, and resilience.”
A fulfilling hobby: Kelleher knows his way around the kitchen when he gets home. The man know how to cook!
Helping the next generation: Umphrey moonlights occasionally as a caddie for his son Tim in the Minor League Golf Tour in Florida.
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