Balaban, who will continue in his post as president of the Eastern Region of Lowe Enterprises Real Estate Group, will be responsible for coordinating the activities of all of Lowe's regional acquisition teams. In addition, he will work with the Lowe Enterprises Capital Group in structuring its commercial investment strategies and programs, according to Bradley Hillgren, president of Lowe Enterprises Commercial Group.

Lowe's Real Estate Group handles commercial property activities including development, acquisition and property management for the firm through its many regional offices. The group's efforts support the Lowe Enterprises Investment Management Group's acquisition activities on behalf of pension fund clients.

Balaban joined Lowe Enterprises in 1994 and was named a shareholder of the firm in 1999. Before that, he was the vice president for acquisitions of the Washington Real Estate Investment Trust. Los Angeles-based Lowe Enterprises is a national real estate investment, development and management firm. Over the past 31 years, it has developed, acquired or managed more than $6.5 billion of real estate assets nationwide. The firm manages in excess of $2 billion in real estate assets on behalf of its pension fund clients.