Art M. Wegfahrt

Art M. Wegfahrt

Corporate Managing Director
Savills Studley - Philadelphia
+1 215 563 4000

Industry Specialities

Service Specialities

Experienced Business Location Advisor providing services from location feasibility through real estate/incentive negotiations.

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 125 organizations confronted with facility decisions; for developing and analyzing location strategy programs for large multi-facility users to respond to repositioning efforts; for negotiating 100 real estate transactions totaling 10 million square feet and 6,000 acres; for developing strategy and negotiating more than $1 billion 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 37 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 & Touch / Fantus Consulting (corporate strategy, finance, and location consulting services). Art has been responsible for advising more than 350 organizations on issues related to facilities configuration and location - representing over 60 million square feet - with a real estate asset value of $10 billion. Clients include AKSteel, Black & Veatch, Cephalon, Corning, Georgia-Pacific, SallieMae, Sealand, 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.

Transaction Volume

60 million SF

 

Meet Art's Team

Les J. Cranmer
Senior Managing Director

 
 

Case Studies

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