Art Wegfahrt has over 35 years of commercial real estate experience and has been with Savills since 2001. An expert in facility rationalization, Art’s expertise lies in developing and analyzing location strategy programs for large multi-facility users to respond to repositioning efforts. His negotiating tactics with government incentives (over $600 million obtained) and large facility leases has helped hundreds of companies obtain optimal, cost- effective real estate that aligned with their workplace objectives. He has also not only planned, but managed programs for over 20 projects totaling more than 4 million square feet with budgets of $650 million.
Art’s extensive experience has been with all facility types spread across every industry. He’s been involved with headquarters, back office, customer service, research and development, data centers, manufacturing, distribution and other special-purpose real estate holdings. His flexible perspective has allowed him to analyze every aspect of a company’s facility decision with regards to its position in the market and functionality of working logistics. Prior to joining Savills, Art worked for such companies as Interspace Incorporated, PHH Fantus Consulting and its successor Deloitte & Touche/Fantus Consulting.
Combined with his decades of practiced experience in facility negotiations and project management, Art’s client relations skills make working with him a satisfactory experience through and through.
Awards, Achievements and Activities
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 also speaks at industry meetings on economic and incentive issues.
Pennsylvania State University, Bachelor of Science, Facility Planning
- Black & Veatch
- The United Illuminating Company
- Sallie Mae
- Financial Services
- Nonprofits & Associations
- Architecture, Engineering & Construction (AEC)