Troy Gerspacher, CCIM, SIOR

Real Estate Broker & President
Office: 330.722.5002
Mobile: 216.470.4545
Fax: 330.723.6330

View Troy's Properties

Troy Gerspacher, President of Gerspacher Real Estate Group is a 3rd generation real estate broker & investor in commercial real estate.  He began in sales over 20 years ago with Aerotek, a global staffing company.    In 1998 he helped start a commercial skilled trades division for the Cleveland and Akron markets.   Over a 7 year period he established over 100 new clients for the company with a payroll of over 200 contract employees with 30 different companies by 2003. 

In 2004  he began as a real estate agent mentoring his uncle James Gerspacher till 2007.   In 2007 Troy become President, Broker and  owner of the Gerspacher Real Estate Group.   Since his ownership he has grown the company from a company of 4 to 10 employees and agents.   He along with his team have been integral in growing the listings from  75 to over 150 listing totaling over $150 million in real estate inventory.  In that time he has completed nearly 500 sale and lease transactions.    In 2012 he earned the elite  CCIM designation for investment commercial brokers(Certified Commercial Investment Member) and recently in 2017 he earned the SIOR Designation(Society of Office & Industrial Realtors.)   Only 3000 practioniaires in the world have earned this highly honored designation.  In addition he has invested, re-developed, owns and manages multiple commercial office, retail and apartments buildings.  

He lives in Medina, married to Heather with 3 children, Gavin, Marin and Aylin.

 

Licenses/Designations

  • Ohio Licensed Real Estate Managing Broker
  • Certified Commercial Investment Member - CCIM
  • Society of Office & Industrial Realtors-SIOR
  • National Association of Realtors-Affiliate Member

Education

  • Bachelor of Arts, Baldwin Wallace University, Berea OH
  • Member - CCIM

Affiliations

  • Medina County Economic Development Corp. Board Member
  • Medina County Board of Realtors Commercial Committee
  • Leadership Medina County Graduate
  • Northern Medina County Chamber of Commerce
  • Greater Medina Chamber of Commerce
  • Wadsworth Area Chamber of Commerce
  • Greater Akron Chamber of Commerce
  • Previous St. Matthews Church Personnel Committee Chair 
  • Previous Phi Kappa Tau Fraternity, Past Social Chair, Vice President, President
  • Previous PKT Board of Governors

Awards

  • Crain’s Cleveland Business “Forty Under 40 for 2013”
  • 2014 Cleveland Marathon Finisher
Sep 25
Why are options important for a  tenant?If you are a retail or an office tenant leasing space and you are in the process of renewing your lease agreement make sure you understand how important an “option to renew” in your lease is.   Most business owners do not understand that they can control the space  they rent with negotiating these “options to renew”.  It ultimately gives you long term control of the space(like ownership), rent control and... + read more
Aug 17
Do You Have Real Estate Vision?One of the biggest challenges our clients face is visualizing how a building can work for their needs and what changes could be don't to a building to "repurpose" the property.  It also becomes increasingly difficult when you have a building that was built for a "Special Purpose".  Before you say no to that well located property make sure you take pause, and attempt to visualize what could be done to change it for your use. ... + read more
May 24
During the “great recession” I witnessed so many businesses either going out of business or downsizing locations to survive the 5 year slow down from 2007 to 2012. It was a depressing and difficult time. However, since 2012 we have seen and experienced a gradual and strengthened recovery. The following are the top 4 reasons why I think it makes sense to either lease or buy that new location!  Landlords are motivated to fill the spaces they have. That means low rental rates... + read more
Mar 21
When it comes to a great opportunity on a special purpose property, this 9,200 square foot party center is an incredible price for only $495,000($53/SF).  It would cost 3 times this price to replicate the same property.   It includes a huge concrete parking lot, fully equipped commercial kitchen and a ballroom with a capacity of 300+.   The commercial zoning allows for many other uses to easily convert the building to retail or offices.  If this isn’t what you are... + read more
Mar 09
"The Gerspacher Real Estate Group helped me sell 158.2644 acres on Weymouth Road at the intersection of I-71 and Route 3 and they are very pleasant to work with.  Keep mainting your good standard!" 
Mar 07
If your plan is to sell your leased investment property in the next three years than make sure you position your property to sell for the highest price.   Most owners become the most motivated when there is higher vacancy and or leases are coming to an end.  They are usually tired of handling the grind of responsibilities that come with owning either apartments or commercial buildings with tenants.  If you work towards the following goals below, you will realize the highest... + read more

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