Troy Gerspacher, CCIM, SIOR

Apr 15
If you are a land holder/speculator or simply a property owner that somehow ended up with some extra land, then consider selling it at the top of the market.   As vacancy with existing buildings continues to decrease, demand for well located land continues to heat up. The demand to buy land to build a building can be very random.   The project may not always fit the land site, so be careful about what you turn down, if you are given an offer. You may end up holding the... + read more
Feb 21
"I am a trustee for a family trust that owned a building in Brunswick leased to Sherwin Williams. With my co-trustee we hired Troy Gerspacher of Gerspacher Real Estate Group to list this property for sale. I worked closely with Troy on the sale and found him to be very knowledgeable, gracious, expeditious, helpful and insightful. Being that I represent a trust with numerous beneficiaries, there was no shortage of drama, which Troy handled affably and professionally. Once a purchase... + read more
Oct 17
From 2008 to 2017, office vacancy increased significantly as business shrank and mobile technology improved making it possible to work anywhere.Hospital systems gobbled up individual medical practices,  individual insurance agents changed to online offerings and banks are still shrinking physical locations, just to name a few additional causes.In 2018, the office market continues to tighten up as the companies grow and new businesses start. It is a very good time to plan where you... + read more
Jul 16
 Should I Buy or Lease? The better question is, do you want to be in the “business of owning real estate”?Considerations:Is your business in a mature state and do you know how much square footage your business will need in the next 5-10 years?  If the answer is no, then you should lease until you know.  Leasing gives you more flexibility grow into space or downsize if necessary.  If you own it, that mortgage payment doesn't change.If your business fails... + read more
Jun 26
Troy was excellent to work with while we were looking for office space in the Medina area!
Apr 18
"Troy was very professional, honest and knowledgeable." 

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Troy Gerspacher
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Office:
330.722.5002
Mobile:
216.470.4545
Fax:
330.723.6330

Real Estate Broker & President

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
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