"We wanted Kim because she has a lot of capital market experience, and she has created a number of successful funds in the past," KDC CEO Steve Van Amburgh. Tells GlobeSt.com. "Right now, we use our own capital and do programmatic ventures, like Prudential and the Intellicenters. We think it would be a good idea for us to have some focused funds available to acquire opportunities as they present themselves."
Before joining KDC, Bonfield was CFO and partner with Macfarlan Capital Partners LP in Dallas, where she was responsible for fund management. She's also served stints at Goldman, Sachs & Co. and Trammell Crow Ventures.
Van Amburgh says KDC is interested in acquiring corporate facilities and net lease products as well office and industrial product. He says potential acquisition opportunities should come to fruition over the next 24 months.
On the leasing side, "we feel really good about our prospects," Van Amburgh says. Though people are taking a little more time when it comes to committing to space, Van Amburgh explains there will be a lot of shifting around as consolidations take place.
Then there is the Campus at Legacy 1.2-million-square-foot in Plano, TX. In 2008, KDC leased 253,000 square feet and Van Amburgh says there are proposals out for more than 500,000 square feet.
"What that's telling me is that as long as it's a great location and a great type of space, it will be a popular setting for corporate America as it looks to consolidate two or three or more into the right types of space," he says. "There's a lot of interest in bringing people together in a top-notch corporate campus."
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