KJ Commercial takes improving office market as cue to set up shop!
There’s a new tenant and landlord brokerage firm in town, started by two former executives who left Farmington Hills-based Thomas A. Duke Co. in December.
Kevin Jappaya, who worked for eight years for Thomas A. Duke, most recently as senior associate, opened KJ Commercial Real Estate Advisors LLC at the start of the year. He is the sole owner of the company.
Joining Jappaya at KJ Commercial is Melissa Valentine, a former associate for Thomas A. Duke. She is now real estate advisor for KJ Commercial.
The new Farmington Hills-based company provides tenant and landlord brokerage services for a mixture of office and retail properties in Oakland and Wayne counties, Jappaya said. He brought the majority of the listings that he had with Thomas A. Duke to his new company, he said. The company has about 30 properties listed, for a total of 575,000 square feet, according to Jappaya.
KJ Commercial has more than 30 listings in Oakland and Wayne counties and has received good feedback from clients, said the 33-year-old Jappaya, a Wayne State University graduate who said he is bullish on the region’s real estate market.
Interest in leasing and expansion in the more affluent Oakland County suburbs has increased recently, he said.
“Two years ago, you would hear it’s not time to relocate or expand. There’s a different vibe now” because of the improved economy, he said.
Jappaya is a past vice-chairman of the Chaldean-American Chamber of Commerce and current vice-chairman of the Chaldean Federation of America.