OAKBROOK TERRACE, IL-Mid-America Real Estate Corp. is forming afour-person team for the production of single tenant net leasedinvestment and 1031 Exchange business. The company has hired BillWright from InSite Real Estate, and he will join current executivesMark Goldberg and Tom Fritz, with another new hire planned.

Wright spent three years at InSite as a directoroverseeing single tenant, build-to-suit retail properties, andbefore that was at CB Richard Ellis for nine years where he was aVP for investment sales. Goldberg has been with Mid-America fornine years, and Fritz came to the company from Grubb & Ellis in2007.

Rick Drogosz, investment principal, tells GlobeSt.com thatthough the company was performing single-tenant deals, the companyhas been more involved in the multitenant side. “”We were busy with$800 million on the multitenant deals, we have seven people I inthat area, we hadn’t made a concerted effort to push single tenant.Now there’s been a lull, this is the ideal time to staffsingle-tenant up. Plus, we’ve seen other competitors doing it,” hesays.