CHICAGO—Bridge Development Partners recently hired 30-year veteran John Maduros to join its senior management team. Maduros has taken the newly-created position of chief operating officer/chief financial officer, and now oversees the operations and financial matters of the privately-owned firm. He handles accounting, property management, treasury and he will be responsible for procuring debt and equity sources and focusing on long-term financial growth.

The company focuses on the development and acquisition of industrial and office real estate in the Chicago and South Florida regions. In the past year, it has helped begin the revival of industrial construction in the Chicago-area. As reported in GlobeSt.com, last year Bridge, in a partnership with Akard Street Partners, began developing a 365,359-square-foot build-to-suit facility on about 25 acres at 8201 W. 47th St., in suburban McCook. Furthermore, in phase two of that development, Bridge will complete a 226,000-square-foot speculative industrial facility that will occupy an additional 15 acres.

Before joining Bridge, Maduros was the chief financial officer of Downers Grove, IL-based True North Investments. Prior to that, Maduros was with HSA Commercial Real Estate and the Shidler Group in similar roles, working with cash management, tax planning, real estate financing, loan restructuring, debt procurement, acquisitions, dispositions, treasury and investor relations.

“I look forward to the challenges of growing the firm and its real estate holdings,” Maduros says. “I believe my vast experience will be a great asset, and I'm excited to join the Bridge team.”