​CHICAGO – Ridge Development, the industrial development arm of Transwestern Development Co., today announces Kevin Mohoney has joined the firm as vice president. Based in Chicago, Mohoney will be responsible for sourcing new development and value-add acquisition opportunities, preparing underwriting materials, engaging joint venture partners and lenders on potential equity and debt participation, overseeing new development lease-up and managing disposition efforts upon stabilization.

“We’re very excited to welcome Kevin to our team,” said Aaron Martell, market leader for Ridge Development’s Midwest region. “His entrepreneurial spirit and analytical skillset will be exceedingly valuable as Ridge continues to expand throughout the Midwest.”

Mohoney recently completed his MBA with a focus in real estate from the University of Wisconsin Graaskamp Center for Real Estate. He has more than seven years of capital markets experience within the Midwest, including roles as a financial analyst with global hedge fund Stark Investments and an investment proposal writer with publicly traded asset manager Artisan Partners.

“The country is climbing out of the recession,” said Mohoney. “Businesses are growing and recalibrating their distribution models. The combination bodes well for development. I’m excited to be at Ridge Development and help the company as it capitalizes on excellent market conditions.”

ABOUT RIDGE DEVELOPMENT
Ridge Development is the industrial development arm of Transwestern Development Co., a diversified real estate developer with expertise in all commercial property types. Ridge is managed by the former principals of Ridge Property Trust. 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 venture serves North American clients from five 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.

 

Media Contact:
Stefanie Lewis
713.272.1266
stefanie.lewis@transwestern.com