Art M. Wegfahrt

Corporate Managing Director

Contact

Transaction Volume

  • 50 million SF

Specialties

  • Office
  • Project Management
  • Industrial

Professional Expertise

Art has provided counsel and services to organizations experiencing an array of location and commercial real estate issues.  He is responsible for developing real estate strategy and facility rationalization scenarios for 100 organizations confronted with facility decisions; for developing and analyzing location strategy programs for large multi-facility users to respond to repositioning efforts; for negotiating 80 real estate transactions totaling 7 million square feet and 5,000 acres; for developing strategy and negotiating more than $800 million of government incentives; and for program management of 20 implementation projects totaling 4 million square feet with budgets of $650 million.

Art brings to Savills Studley more than 35 years of experience in consulting services associated with corporate real estate and facilities.  His professional expertise covers virtually all facility types including: headquarters, back office, customer service, research and development, data centers, manufacturing, distribution, and other special purpose real estate holdings.   Art’s career highlights have included: consulting at Interspace Incorporated (an architectural and facility consulting firm), senior management with PHH Fantus Consulting and its successor, Deloitte & Touche / Fantus Consulting (corporate strategy, finance and location consulting services).  Art has been responsible for advising more than 300 organizations on issues related to facilities configuration and location – representing over 50 million square feet – with a real estate asset value of $10 billion.  Clients include AKSteel, Black & Veatch, Cephalon, Corning, Georgia-Pacific, SallieMae, Sealand, TJX, UBS and United Illuminating.

Activities & Achievements

Art is frequently quoted in industry trade publications and newspapers including: The New York Times, Philadelphia Inquirer, Philadelphia Daily News, Philadelphia Business Journal, Real Estate Forum, Area Development, Expansion Magazine, Corporate Relocation News, and Site Selection Magazine.  Art, additionally, speaks at industry meetings on economic and incentive issues.

Education

Art received a Bachelor of Science in Facility Planning from Pennsylvania State University.

Art M. Wegfahrt

Case Studies

Reimbursement Services Incorporated

Mt. Laurel... MORE