Argus Investment Realty

What Argus Investment Realty does

Argus Investment Realty is a commercial real estate brokerage and development firm founded in 1994 and headquartered at 500 4th St NW, Suite 275, in downtown Albuquerque, New Mexico. The firm provides an integrated suite of services including tenant representation, landlord representation, development and redevelopment (with a build-to-suit program), investment advisory, and asset management. It serves a diverse client base spanning corporate enterprises, healthcare providers, government agencies, defense contractors, and financial institutions, all within the New Mexico market. The firm does not employ proprietary technology and operates as a traditional relationship-driven commercial real estate intermediary.

The company operates from a small core team of approximately 5–10 personnel led by President and Founder Scott W. Throckmorton, a New Mexico-licensed broker since 1986 who has been involved in over $1.2 billion in lease and sale transactions and more than $150 million in build-to-suit and investment transactions as principal. Vice President Stacey Nenninger (CCIM) has negotiated major lease transactions for Fortune 500 companies including DaVita, Boeing, Blue Cross Blue Shield, Lowe's, and Gap Inc. The asset management division, led by Norm Ullemeyer (25+ years of experience), oversees more than 2 million square feet of commercial property with a team of six project engineers. The firm owns, manages, or represents a portfolio of Class A office buildings including 500 Marquette, the Altura Professional Building (109,504 SF), Jefferson Plaza (77,000 SF), the ARGUS Tower, and The Verge Building.

Revenue is generated primarily through transaction-based commissions on commercial property sales, leases, and build-to-suit development, supplemented by recurring asset management fees. Listing prices on available office space range from $14.00/SF (Class B/C and medical) to $25.00/RSF (premium Class A) on a full-service basis. Notable completed build-to-suit projects include the 160,000 SF Department of the Interior Building, the 92,000 SF US Forest Service Building, and the 77,000 SF Jefferson Plaza. The company is founder-owned with no disclosed institutional capital, no parent company, and a single geographic market focus on New Mexico.

Name

Argus Investment Realty

Legal name

Argus Investment Realty

Website

https://argusinvestmentrealty.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Argus Investment Realty is an Albuquerque-based commercial real estate brokerage and development firm founded in 1994. The firm provides tenant and landlord representation, build-to-suit development, and asset management to corporate, healthcare, government, and financial clients in New Mexico.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (5312), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Real Estate Advisory & Consulting (Strategy, Portfolio & Location) (FSAEAJAH)

akta.pro secondary industries

Real Estate M&A / Joint Venture Advisory (Platform Deals, Partnerships) (BPAJANAF), Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)

Keywords

• Commercial real estate brokerage
• Tenant representation services
• Landlord representation services
• Build-to-suit development
• Commercial property leasing

Headquarters

HQ city

Albuquerque

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Supply Chain, Infrastructure, Others

Revenue model

1. Commercial Real Estate Brokerage: Commission-based revenue from commercial property sales and leases. Transactions include office, industrial, medical, retail, and land sales. Also earns fees from development/redevelopment projects and asset management services.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Argus Investment Realty is a commercial real estate brokerage and development firm providing tenant representation, landlord representation, development/redevelopment (build-to-suit) services, and investment advisory services. The firm also owns and manages a portfolio of Class A office, medical, and industrial properties in the Albuquerque, New Mexico market.

Product overview

ARGUS Investment Realty is a commercial real estate brokerage and development firm offering a portfolio of Class A office buildings, medical facilities, and industrial properties for lease and sale in the Albuquerque, NM market. The company's core offerings include Tenant Representation and Landlord Representation brokerage services, Development/Redevelopment build-to-suit services, and Investment advisory services. Key commercial properties include 500 Marquette (downtown luxury office), Altura Professional Building (109,504 SF Class A), Jefferson Plaza (77,000 SF Class A), The Verge Building (eco-friendly innovation corridor), and ARGUS Tower (landmark dual buildings). Past notable development projects include the 160,000 SF Department of Interior Building, 92,000 SF US Forest Service Building, and 77,000 SF Jefferson Plaza.

Differentiator

Problem solved

Functional benefit

Products and services

• Tenant Representation Services Exclusive tenant representation helping businesses find ideal commercial locations at competitive prices, with major transactions handled including DaVita (65,000 SF), Boeing (90,300 SF), Blue Cross Blue Shield, and Lowe's Home Improvement.
• Landlord Representation Services Full-service property representation for commercial property owners including lease management, property and asset management, construction services, market evaluation, and competitive analysis.
• Development/Redevelopment Services Build-to-suit development program providing land access, capital, and construction expertise to design and build purpose-built commercial facilities for clients who may own or lease the completed property.
• Investment Services Investment advisory services leveraging deep Albuquerque market knowledge with industry research staffed by top analysts for informed commercial real estate investment decisions.
• 500 Marquette
• Altura Professional Building 109,504 SF multi-tenant Class A office building with prime I-40 frontage, panoramic views, underground parking, on-site security, and secure storage. Adjacent to new Whole Foods shopping center. Available for sale (owner-user opportunity) and lease at $14.00/SF NNN.
• 4041 Jefferson Plaza Class A state-of-the-art office building built in 2008 with 25,654 RSF available, dual fiber connectivity, 9'6" ceilings, showers/lockers, bike storage, and abundant parking at 5/1,000 sq ft ratio. Priced at $23.00 RSF Full Service.
• The Verge Building Eco-friendly office building in Albuquerque's innovation corridor featuring solar power, free on-site parking, high-speed internet included in rent, building conference rooms, and contemporary buildout.
• ARGUS Tower Two landmark office buildings at 500 4th St NW adjacent to Courthouses and City Hall with on-site security, CenturyLink Fiber and Comcast available, and proximity to hotels including Hyatt, DoubleTree, and Hotel Andaluz.
• Petroglyph Medical Plaza 19-acre land development with lots from 0.59 to 1.8 acres ideal for retail, restaurants, dental, medical and office use. Located west of Unser Blvd near Rust Medical Center.

Quantifiable outcome

• Over $1.2 billion in lease and sale transactions completed
• +5 more outcomes

Named customers33 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves7 records

Expansion highlights3 records

Direct peers

• NAI Maestas & Ward: Albuquerque-based commercial real estate brokerage offering tenant/landlord representation, investment sales, and property management across New Mexico. Direct head-to-head competitor for local institutional and government mandates.

Broad incumbents

• CBRE Group: Largest global commercial real estate services firm offering brokerage, investment sales, valuation, and property management. Overlap with ARGUS on institutional tenant rep and capital markets mandates in Albuquerque and the broader Southwest.
• JLL (Jones Lang LaSalle): Global CRE services platform with capital markets, leasing, and project management. Competes for the same multi-market tenants (Boeing, DaVita, BCBS) ARGUS serves, and pressures local pricing on larger mandates.
• Cushman & Wakefield: Global CRE services firm with strong office and government-sector practices. Comparable on tenant representation, agency leasing, and build-to-suit pursuits for institutional and federal clients.
• Colliers International: Global CRE advisory and investment firm with active U.S. Southwest presence. Overlaps with ARGUS on office leasing, healthcare real estate, and investment advisory mandates.
• Newmark Group: Full-service CRE firm with capital markets, leasing, and property management. Comparable on institutional leasing, build-to-suit, and government work; increasing secondary-market penetration.
• Lee & Associates: Privately held national CRE brokerage with regional offices serving mid-size markets. Closest structural analog to ARGUS (independently owned, regional franchise model) competing on similar mid-market office and industrial mandates.
• Avison Young: Global CRE services firm with strong office leasing and tenant rep practices. Comparable on ARGUS's Class A office leasing and institutional tenant representation work in secondary U.S. markets.

Emerging players

• Marcus & Millichap: Investment real estate brokerage specializing in commercial investment property sales. Comparable on ARGUS's investment advisory and capital markets work, though Marcus & Millichap typically represents sellers of smaller institutional assets.

Regional players

• SVN International: Commercial real estate brokerage franchised across U.S. markets. Comparable on commercial investment sales and tenant representation for mid-market clients in secondary metros like Albuquerque.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/argusinvestmentrealty

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Argus Investment Realty