A source familiar with the hire tells GlobeSt.com that Winshall is not replacing anyone. "This is a newly created position," the source explains. "It is a new level in seniority because Taconic's activities have been so intense lately."

In particular, Winshall will oversee the leasing for two of Taconic's most recent acquisitions: the 32-story, 1.2-million-sf 375 Pearl St. for $172.5 million, and the 400,000-sf American Bank Note Building in the Hunts Point section of the Bronx. Taconic plans an extensive redevelopment of the building at 375 Pearl St. also known as the Verizon Building. The renovations will include a new facade, a new modernized lobby, a new HVAC system, new bathrooms and a reconfiguration of the core to include the addition of up to six new elevators.

Winshall tells GlobeSt.com that he was attracted to the people, the organization and to Taconic's investment and development track-record. "It was an opportunity to be a part of and a partner in one of New York's premier real estate owners and developers."

Both Bendit and Pariser note that this is the most important hire the company has made in a long time. "Doug Winshall is an industry veteran of extraordinary capabilities, and we are delighted that he has joined Taconic."

Most recently, Winshall was COO of Greenstreet Real Estate Partners. For 10 years prior, he served as EVP for the eastern region of Trizec Properties, where he was responsible for all business activities in that region, including acquisitions, leasing, development, property management and construction. For the preceding five years he was VP of Swig, Weiler and Arnow. He began his real estate career in 1986 at Cushman & Wakefield, where he rose to associate director.

Instant Insights /

Taconic Investment Taps Winshall as EVP

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