940 W. Adams Street, Suite 200
Chicago, IL 60607
John McDermott serves as Executive Director of Sales and Director of its Industrial Practice for SVN Chicago Commercial in Chicago, Illinois. John is a member of the Executive Committee of the SVN Asset Recovery Team (SVNART), serves as its Southern California Regional Director and is also a member of the SVNIC Advisory Board. John also trains SVN Advisors nationwide. His commercial real estate experience includes the ownership and development of condominiums, mobile home parks, neighborhood anchored retail centers, recreational vehicle parks, and apartments with 45 years of real estate and finance experience.
Prior to joining SVN, McDermott served as a broker, manager, and executive in California, Arizona, New York, Philadelphia, and Washington D.C for Marcus & Millichap. Previously, McDermott served as the manager of nationwide lending for First Federal Savings of Arizona where he was responsible for lending, loan administration, secondary marketing, foreclosure and trustee services, REO administration, data processing and mortgage banking.
In addition, McDermott was the founder and chief credit officer for a De Novo Savings and Loan in Phoenix, Arizona (Sentinel Savings). McDermott is a member of the International Council of shopping Centers (ICSC) and the National Association of Industrial and Office Properties (NAIOP) and is member of that organization’s Editorial Board for its “Development” magazine. McDermott earned a Bachelor of Science in real estate and finance with a minor in psychology from Arizona State University in Tempe, Arizona.