Coreland, which has eight offices in California, was co-founded by Hite and Patrick Galentine, the company's EVP. The company provides leasing and sales brokerage, property management, consulting and other services for retail, office and industrial properties.
Todd will serve as VP of real estate management for Coreland. She comes to the company with more than 20 years of real estate management experience and has managed more than $1.3 billion in office, industrial and retail properties during her career.
Before joining Coreland, Todd was VP and market officer for ProLogis in Ontario, in the Inland Empire. In addition to hiring Todd, Coreland has promoted long-time executives Steven Hogberg to SVP of leasing and sales and Kathie Sitton to SVP of finance.
Hite says that Coreland plans to add several new offices in the next 24 months, including locations outside the state in major markets in the Western US. "Our approach is to be local in all of the markets where we have a presence," Hite tells GlobeSt.com.
Hite explains that the company opened an office in Valencia, for example, even though it already operated a Pasadena office that could theoretically have continued to serve the Valencia area. In another example, Coreland opened an Ontario office to be closer to clients there, even though the Tustin-based company already had an Inland Empire office in Corona.
"We intend to be full-service in all of the markets we go into," Hite says. In the new staff alignment, Todd will oversee the day-to-day management of Coreland's managed real estate portfolio.
Hogberg, who manages the company's leasing and sales division, previously held the position of VP of leasing and sales and has been with Coreland for 12 years. Sitton, who previously served as Coreland's VP of finance, has been with company for 10 years. In her new role she oversees all property and corporate finance operations and is responsible for the company's financial planning, commercial property financing, IT, human resources and corporate operations.
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