OUR PROFESSIONALS
Shari L. Heilala, MAI - President
As the founder of Sage Commercial Advisory LLC, Shari offers over 30 years in the commercial real estate industry with extensive experience in both appraisal and corporate real estate. She received her Bachelor's degree in Business with a double major in Real Estate and Finance from the University of Wisconsin, and holds her Masters of Corporate Real Estate from CORENET Global. Prior to establishing Sage Commercial Advisory, Ms. Heilala was an Executive Vice President with Argianas & Associates, a Director with Cushman & Wakefield and a Staff Appraiser with American Appraisal Associates. Shari’s appraisal experience includes all property types located throughout the United States. She has appraised over 400 different investment grade properties totaling over 35 million square feet valued at over $4.0 billion. Shari is adept at performing market analysis, utilizing ARGUS discounted cash flow software and solving complex appraisal problems. Following are some notable retail properties she has appraised:
Click here for Ms. Heilala's full qualifications.
As the founder of Sage Commercial Advisory LLC, Shari offers over 30 years in the commercial real estate industry with extensive experience in both appraisal and corporate real estate. She received her Bachelor's degree in Business with a double major in Real Estate and Finance from the University of Wisconsin, and holds her Masters of Corporate Real Estate from CORENET Global. Prior to establishing Sage Commercial Advisory, Ms. Heilala was an Executive Vice President with Argianas & Associates, a Director with Cushman & Wakefield and a Staff Appraiser with American Appraisal Associates. Shari’s appraisal experience includes all property types located throughout the United States. She has appraised over 400 different investment grade properties totaling over 35 million square feet valued at over $4.0 billion. Shari is adept at performing market analysis, utilizing ARGUS discounted cash flow software and solving complex appraisal problems. Following are some notable retail properties she has appraised:
- Lakeshore Athletic Club (Now Lakeshore Sports & Fitness, in Lincoln Park area of Chicago)
- Medinah Temple (Ground floor retail within a landmark development in the River North area of Chicago)
- Shops at Millennium Station (Shops in underground Pedway at Metra Station just below Millennium Park in Chicago)
- Three Penny Theater (Historical theater now converted to Lincoln Hall, in the Lincoln Park neighborhood of Chicago)
- Woodfield Super Regional Mall (The largest mall in the country at the time of appraisal)
Click here for Ms. Heilala's full qualifications.
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Nicholas Cipriano - Vice President
Nicholas Cipriano is a certified general real estate appraiser with Sage Commercial Advisory, LLC in the greater Chicago area. He is responsible for the preparation of real estate appraisals, project management, feasibility studies, rent analyses and market studies of commercial assets across the United States.
Since becoming an appraiser in 2001, Mr. Cipriano has valued billions of dollars in assets in over 25 states and in nearly all the largest metropolitan areas of the United Sates. He has experience in fee simple, leased fee, leasehold, sandwich leases, condominium, and vertical subdivision valuations. Appraisal experience includes a variety of complex and special use properties. Mr. Cipriano has also completed an extensive number of going concern appraisals including gas stations, movie theatres, wineries / vineyards, senior housing, and hotels. Mr. Cipriano has also been engaged as an expert witness in the valuation of gas stations. Nicholas is currently licensed to practice in the States of Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Nebraska, New Jersey, New York, North Dakota, South Dakota, and Wisconsin.
Nicholas Cipriano - Vice President
Nicholas Cipriano is a certified general real estate appraiser with Sage Commercial Advisory, LLC in the greater Chicago area. He is responsible for the preparation of real estate appraisals, project management, feasibility studies, rent analyses and market studies of commercial assets across the United States.
Since becoming an appraiser in 2001, Mr. Cipriano has valued billions of dollars in assets in over 25 states and in nearly all the largest metropolitan areas of the United Sates. He has experience in fee simple, leased fee, leasehold, sandwich leases, condominium, and vertical subdivision valuations. Appraisal experience includes a variety of complex and special use properties. Mr. Cipriano has also completed an extensive number of going concern appraisals including gas stations, movie theatres, wineries / vineyards, senior housing, and hotels. Mr. Cipriano has also been engaged as an expert witness in the valuation of gas stations. Nicholas is currently licensed to practice in the States of Connecticut, Florida, Georgia, Illinois, Indiana, Iowa, Michigan, Minnesota, Nebraska, New Jersey, New York, North Dakota, South Dakota, and Wisconsin.
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Francisco E. Gonzalez - Vice President
Francisco brings over 25 years of commercial real estate appraisal experience. Prior to joining Sage Commercial Advisory, Francisco was a Senior Appraiser at Lee & Associates Valuation and Consulting Services. Since becoming an appraiser in 1998, he has valued billions of dollars in assets. Francisco has extensive experience in appraising auto dealerships, appraising more than 500 auto dealerships throughout the United States encompassing over 7.5 million square feet. His experience also includes a wide range of property types, including luxury and limited service hotels, downtown Chicago mixed-use apartment and office complexes, suburban office buildings, downtown high-rise office buildings, surgical centers, educational facilities, shopping centers, funeral homes, barge shipping facilities, ice arenas, marinas, industrial warehouses, multi-story lofts, cold storage facilities, truck terminals, rail yards, chemical plants, religious facilities, restaurants, self-storage facilities, greenhouses, golf courses, mobile home parks, commercial and residential subdivisions, and vacant land. He has also appraised numerous properties and property types in Puerto Rico. He is fluent in Spanish.
Francisco E. Gonzalez - Vice President
Francisco brings over 25 years of commercial real estate appraisal experience. Prior to joining Sage Commercial Advisory, Francisco was a Senior Appraiser at Lee & Associates Valuation and Consulting Services. Since becoming an appraiser in 1998, he has valued billions of dollars in assets. Francisco has extensive experience in appraising auto dealerships, appraising more than 500 auto dealerships throughout the United States encompassing over 7.5 million square feet. His experience also includes a wide range of property types, including luxury and limited service hotels, downtown Chicago mixed-use apartment and office complexes, suburban office buildings, downtown high-rise office buildings, surgical centers, educational facilities, shopping centers, funeral homes, barge shipping facilities, ice arenas, marinas, industrial warehouses, multi-story lofts, cold storage facilities, truck terminals, rail yards, chemical plants, religious facilities, restaurants, self-storage facilities, greenhouses, golf courses, mobile home parks, commercial and residential subdivisions, and vacant land. He has also appraised numerous properties and property types in Puerto Rico. He is fluent in Spanish.
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Karen L. Stocker - Vice President
Karen Stocker brings over 30 years of commercial real estate experience in appraisal and commercial brokerage, investment sales and corporate real estate. Karen graduated from Miami University in Oxford, Ohio with an MBA with a concentration in Marketing and a Bachelor’s degree in English Literature. Prior to joining Sage Commercial Advisory, Karen was a Senior Vice President at Argianas & Associates. Ms. Stocker has completed hundreds of appraisals of various property types, including retail, office, industrial, multi-family and vacant land. Karen has negotiated dozens of transactions and leases acting in a brokerage capacity with the Corporate Services and Office Brokerage Groups of Cushman & Wakefield, as well as in the Investment Services Group at Transwestern Commercial Services. She is particularly adept with discounted cash flow modeling, complex lease structures and investment grade properties.
Karen L. Stocker - Vice President
Karen Stocker brings over 30 years of commercial real estate experience in appraisal and commercial brokerage, investment sales and corporate real estate. Karen graduated from Miami University in Oxford, Ohio with an MBA with a concentration in Marketing and a Bachelor’s degree in English Literature. Prior to joining Sage Commercial Advisory, Karen was a Senior Vice President at Argianas & Associates. Ms. Stocker has completed hundreds of appraisals of various property types, including retail, office, industrial, multi-family and vacant land. Karen has negotiated dozens of transactions and leases acting in a brokerage capacity with the Corporate Services and Office Brokerage Groups of Cushman & Wakefield, as well as in the Investment Services Group at Transwestern Commercial Services. She is particularly adept with discounted cash flow modeling, complex lease structures and investment grade properties.
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Ulyana Trichkovska - Vice President
Ulyana brings over 15 years of commercial real estate appraisal experience. Ulyana graduated from the University of Nebraska in Lincoln earning her Bachelors of Science in Business Administration with a concentration in Finance and Marketing. Prior to joining Sage Commercial Advisory, Ulyana was a Managing Director at Argianas & Associates. Her diverse appraisal experience includes multi-tenant shopping centers, proposed commercial subdivisions, restaurants, automobile dealerships, full service hotels, premium residential properties, substance abuse rehabilitation facilities, convenience banking portfolios, health and fitness clubs, USDA food processing properties, entire industrial complexes, landfills and quarries. Ms. Trichkovska's language skills include conversancy in Ukrainian, Russian and Polish.
Ulyana Trichkovska - Vice President
Ulyana brings over 15 years of commercial real estate appraisal experience. Ulyana graduated from the University of Nebraska in Lincoln earning her Bachelors of Science in Business Administration with a concentration in Finance and Marketing. Prior to joining Sage Commercial Advisory, Ulyana was a Managing Director at Argianas & Associates. Her diverse appraisal experience includes multi-tenant shopping centers, proposed commercial subdivisions, restaurants, automobile dealerships, full service hotels, premium residential properties, substance abuse rehabilitation facilities, convenience banking portfolios, health and fitness clubs, USDA food processing properties, entire industrial complexes, landfills and quarries. Ms. Trichkovska's language skills include conversancy in Ukrainian, Russian and Polish.