Former REIT Executive to Oversee Acquisitions, Lead Development Activities
SAN DIEGO, Calif. – (RealEstateRama) — OliverMcMillan, one of the largest, most progressive leaders in the field of mixed-use real estate development in the U.S., announced today the hire of senior real estate manager and industry veteran Michael O’Hanlon as the firm’s new Chief Operating Officer. The firm also promoted two key executives, Jeff Zeigler and Eric Buchanan. Zeigler, a member of OliverMcMillan’s Executive Committee, was promoted to Senior Managing Director of Asset Management & Leasing.
Buchanan was promoted to join the Executive Committee and lead the firm’s development activities as Senior Managing Director of Development.
“We recognize that our people are our greatest assets and today’s executive appointments demonstrate our ongoing commitment to remain ’best in class‘ and position OliverMcMillan for continued success,” said OliverMcMillan’s Chief Executive Officer, Dene Oliver. The privately-held firm has designed, developed and managed over eight million square feet of award-winning, mixed-use projects, with a total project value exceeding $3 billion and is currently developing new projects with a value of approximately $3 billion. Through both private and public partnerships, OliverMcMillan’s expanding real estate portfolio includes retail, entertainment, creative office, hotel and residential projects throughout the United States.
O’Hanlon will be responsible for implementing the company’s strategic plan, managing all aspects of the OliverMcMillan organization and furthering the company’s growth. O’Hanlon will report directly to Oliver and will provide oversight of all company divisions. O’Hanlon has over 35 years of comprehensive experience in real estate management, development, portfolio strategy operations, capital markets transactions and joint ventures. He has directed two major U.S. real estate company’s asset management groups with portfolios of diversified real estate assets valued at approximately $6 billion and $11 billion respectively, and most recently served as CEO and President of Behringer Harvard’s opportunity-style real estate investment trusts. Prior to Behringer Harvard, he held the position of COO and President of Billingsley Company and was CEO and President of Inland Western Retail REIT. O’Hanlon has been a member of Urban Land Institute’s (ULI) Urban Development/Mixed-Use Council; National Association of Real Estate Investment Trusts (NAREIT); and International Council of Shopping Centers (ICSC). He is a graduate of Fordham University and earned a master’s degree from Columbia University Graduate School of Business.
Zeigler joined OliverMcMillan in 2011 and most recently led the Retail Services group, where he was responsible for retail leasing at OliverMcMillan and oversaw retail lease negotiations, tenant coordination, project merchandising and property marketing for the company’s new and existing properties. In his new role as Senior Managing Director of Asset Management & Leasing, Zeigler will oversee both leasing and asset management of the firm’s property portfolio. Some of his current projects include: The Shops and Offices Buckhead Atlanta, six city blocks of world-class retail, restaurants and cafes in Atlanta, Georgia; River Oaks District, 850,000 square feet of luxury retail, dining, offices, hotel and residences in Houston, Texas; and retail requirements for OliverMcMillan’s portfolio of mixed-use development.
Buchanan joined OliverMcMillan in 2012 as a Development Director. In his new role as Senior Managing Director of Development, Buchanan will lead all development and construction activities for the firm and will be responsible for seeking and vetting potential mixed-use development acquisitions. Under Buchanan’s direction, OliverMcMillan has several projects under way including Fifth + Broadway, a major mixed-use development planned for downtown Nashville, Tennessee, which will transform Nashville’s former convention site into a dynamic mixed-use development featuring retail, residential, office, dining and entertainment; Clayton Lane, a multi-block mixed-use redevelopment in the heart Cherry Creek North in Denver that features Whole Foods and Crate & Barrel; Tustin Legacy, a planned new urban village-style mixed-use project in the heart of Orange County, California, which will uniquely incorporate the historic blimp hangar situated on the 123-acre former Marine Corps air station site; Laundry Lofts, a planned 22-story mixed-use residential and commercial development located in the East Village area of Downtown San Diego, California; SALT, a four-story, amenity-rich 265-unit, Class A apartment community in Tempe, Arizona, ideally located near Arizona State University and the Mill Avenue Entertainment District, and next door to the new State Farm campus currently under construction; and Symphony Honolulu, which features 388 luxury residential condominiums in an amenity-rich environment as well as JN Exotics, Hawaii’s premier luxury auto dealer.
OliverMcMillan, founded in 1978, is a private commercial real estate development firm which acquires, designs, develops, manages and leases mixed-use and stand-alone real estate properties in major metropolitan growth markets across the United States and Canada. OliverMcMillan investments begin with ground-up, value-added and distressed assets which are transformed into retail, entertainment, dining, office, medical, residential and hotel environments through both private and public partnerships. OliverMcMillan prides itself as a forward-thinking visionary developer, ‘Making Special Places Happen’ by creating customized artistic solutions for complex regional projects that serve as a catalyst for economic revitalization and growth in the communities OliverMcMillan serves. See www.olivermcmillan.com.