Ashforth Pacific is a developer, owner, manager and builder of class A office space that is looking to grow on all fronts. CEO Hank Ashforth and new president Scott Langley say they are planning to make multiple acquisitions in southern California and the Northwest to beef up its owned-property portfolio.
Barendrick is the company's new senior vice president in charge of the Asset Services Division, responsible for managing the company-owned portfolio and securing new third-party property and parking management assignments. He'll also be tapped to help examine potential acquisitions. For OPERF, Barendrick participated in acquisitions and disposition decisions, annual budgets, hold/sell analyses and strategic planning for the fund's $750 million in real estate investments spread across 21 states.
Langley and Ashforth tell GlobeSt Barendrick was the first person that came to mind when brainstorming about who could direct the rapid, multifaceted growth of company's Asset Services Division. In speaking with Barendrick about the job, says Ashforth, "It became apparent pretty quickly that he would fit in to how we do business." Adds Langley, "his experiences bring a wisdom and depth to our team that we felt would be valuable to us, if not invaluable."
Barendrick, who had been pondering his next move since LaSalle and OPERF parted ways last year, says after learning what Ashforth wanted to accomplish he practically said yes to the job before it was offered. "After talking with them, I just felt I would fit in well," he says.
It is the second addition since Langley was brought on earlier this year. Earlier in the month, Cushman & Wakefield broker Doug Pugh was brought on to be vice president of marketing, responsible for leasing up properties and also for marketing the company's third party construction services. "Given their expertise in assessing properties, they will both be involved as we acquire more properties, though not formally part of acquisition team," says Langley.
Ashforth Pacific is an affiliate of The Ashforth Co., a national commercial real estate firm based in Stamford, CT. Through its affiliates--which include Ashforth Pacific and AP Construction--has an ownership interest in 8 million sf of prime commercial office space and management responsibility for more than 14 million sf nationwide.
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