Ridge Development Embarks On East Coast Expansion With Steve Kros As Executive Vice President
Industrial Firm Plans to Hire Additional Professionals in Atlanta, Other East Coast Markets
ATLANTA, April 15, 2014 /PRNewswire/ -- Ridge Development today announces the addition of Executive Vice President Steve Kros, who is responsible for expanding the firm's operations throughout the East Coast. Kros is tasked with identifying business opportunities from New York to Florida and assembling professional teams to handle the new projects. Kros, who will relocate from Boston, will build and manage a team based in Atlanta, as well as hire professionals to work in other East Coast gateway markets, such as New York; New Jersey; Pennsylvania; Miami; Charleston, S.C.; Savannah, Ga.; Jacksonville, Fla.; Tampa, Fla.; and Virginia. Kros will initially oversee each East Coast project, including site selection, entitlement, construction, leasing and disposition.
"Steve has an excellent track record of establishing successful business foundations in new markets, and he will utilize that experience to achieve Ridge Development's aggressive expansion plans," said Jim Martell, president of Ridge Development. "Steve's exceptional talent and diverse background make him the perfect fit for this role."
Kros joins Ridge from CRE Capital Advisors in Boston, where he served as a principal focused on providing specialized services to international institutional investment clients. Previously, he was vice president at AMB Property Corp., where he spearheaded all real estate development and acquisition investments in multiple East Coast markets. In 2010, he sourced, underwrote and closed $72 million in acquisitions, representing 34 percent of AMB's total U.S. acquisition volume for that year.
Kros received a bachelor's degree in mechanical engineering from Northwestern University and an MBA from Harvard Business School.
ABOUT RIDGE DEVELOPMENT
Ridge Development is the industrial development arm of Transwestern Development Company, a diversified firm with an expertise in all commercial property types. Ridge Development specializes in industrial development and investment in state-of-the-art warehouse, distribution and manufacturing facilities throughout the United States and Mexico. Based in Chicago, the company serves North American clients from six U.S. offices and one office in Monterrey, Mexico. The Transwestern Development and Ridge Development teams have developed, constructed and managed more than 138 million square feet of industrial and distribution space.
ABOUT TRANSWESTERN DEVELOPMENT COMPANY
Transwestern Development Company is a diversified business with expertise and experience in all commercial property types. The firm executes projects through a variety of venture and contract structures and has been creating commercial landmarks for itself, its partners and valued customers throughout the U.S. since 1978. Transwestern Development Co. operates as a principal, investing capital alongside its institutional equity partners in the development of speculative and build-to-suit projects, and as a fee developer for clients and user-owners. The company has amassed valuable experience in construction, design, sustainability, leasing, acquisitions, finance and asset management. As a member of the Transwestern family of companies, the firm capitalizes on the market insights and operational expertise of its affiliates, which include a diversified real estate services firm with 34 U.S. offices and a real estate investment management company. Please visit TranswesternDevelopment.net for more information.
Media Contact:
Stefanie Lewis
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SOURCE Ridge Development
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