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Howard Wedren

Founder and Managing Principal

Howard Wedren has been working in the Chicagoland real estate community for the last 26 years. He has been involved with the development and leasing of a variety of real estate including office, industrial,  parking and retail properties.

Howard began his commercial real estate career in 1994 after joining Fifield Realty Corporation as an associate. Within two years was promoted to Vice President and Principal of the organization. During that time he was actively involved the development and leasing of over 2,000,000 square feet of class A office buildings in the Chicago Metropolitan Area, including: the build to suit of the Quaker Oats headquarters building, 550 West Washington, Windy Point of Schaumburg and The Civic Opera Building.

Prior to founding Dayton Street Partners, Howard was principal with Chicago based Montero Partners,  Ltd., a commercial real estate investment firm. Howard’s primary focus at Montero included identifying and underwriting value-add acquisitions as well as fostering broker  relationships.

In November of 2006 Howard founded Dayton Street Partners LLC, a commercial real estate investment and development firm based in  Chicago, Illinois.  The firm is focused on the acquisition  and development of key infill industrial and office projects throughout the City of Chicago. 

Since its inception, Dayton Street has developed projects such as Chicago’s first speculative 100,000 square foot  industrial building at 815 West Pershing Road and the redevelopment of the 50,000 square foot, 920 West Pershing Road.

Howard is also an active board member of the Rolfe Pancreatic Cancer Foundation, Commissioner of the City of Chicago Special Service Area (Stockyards Industrial Park). He lives in the City of Chicago with his wife and two children.

Howard holds a bachelor degree in Regional Development from the University of  Arizona.


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Michael Schack

Principal

Michael has almost 30 years of real estate experience and has been involved in over $4 billion of sale/acquisition transactions and over $2 billion of lease transactions.

Recently, Michael was the Senior Director and head of the Chicago Office for American Realty Advisors, an investment advisory firm of institutional real estate.  At ARA, Michael focused on asset management overseeing a portfolio of assets as well as a team of asset managers responsible for assets in the eastern half of the United States. Michael was also responsible for initially handling all dispositions for ARA Michael was a rotational member of the Investment Committee for the firm.

Before American Realty Advisors, Michael was at First Industrial Realty Trust as an Investment Officer in the Dispositions Group.  During Michael’s tenure at First Industrial, Michael and his group were responsible for over $1 billion in sales of over 140 assets averaging approximately ten transactions a quarter.

Prior to joining First Industrial, Michael was Vice President of Asset Management for Prentiss Properties’ Midwest portfolio from 1997 to 2005.  He was responsible for overseeing the financial performance of a 4 million square foot office portfolio and a 3.5 million square foot industrial portfolio.  Michael also handled all dispositions for the Midwest and reviewed acquisitions opportunities including performing due diligence.

Michael came to Prentiss Properties from MetLife’s Real Estate Investments.  During his tenure at MetLife, Michael’s responsibilities included dispositions, acquisitions, financing, loan restructuring, development and asset management.  Select properties which were overseen by Michael included Corporate Woods in Overland Park, Kansas, Metropolitan Square in St. Louis and Sears Tower (now Willis Tower) in Chicago.  Michael was a director of asset management and led a team of asset managers with a combined portfolio value of approximately one billion dollars.

Michael’s asset management experience spans various property types including office, industrial, retail, residential and hotels in both suburban and central business district locations.

Michael holds a Bachelor’s degree in Finance from the University of Illinois-Urbana and a Master’s degree in Real Estate Appraisal and Investment Analysis from the University of Wisconsin-Madison and is a licensed Illinois Managing Broker.


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Joe Moriarty

Associate

Joe is an Associate at Dayton Street Partners focused on underwriting and sourcing industrial and office acquisition opportunities. Prior to joining Dayton Street, Joe worked in the Capital Markets Group at JLL where he focused on office investment sales throughout the Midwest.

Joe began his career in 2013 as an analyst with a joint venture of GE Capital Real Estate where he provided asset management for GE’s Midwest and West Coast office buildings. Joe graduated with a degree in finance from the University of Kansas and is an avid Jayhawks basketball fan. He is an active participant of NAIOP’s Developing Leader forum.