"As we expand our footprint in our target markets, it is imperative that we add a seasoned executive like Robert to help navigate our growth and execute our business plan," Younan commented regarding Peddicord's appointment. "While other companies are downsizing or even exiting the market, Younan Properties continues to grow," the Younan CEO noted.
As COO at Younan, Peddicord "will ensure effective management of the company's national real estate portfolio by providing strategic tenant services and operational direction to multiple divisions including property operations, leasing, construction and development, engineering and IT," according to a Younan statement.
As a senior executive at Arden, Peddicord was an integral part of the management team that guided the growth of the company and its transition from private to a publicly held REIT that was the largest owner and operator of office space in Southern California. Arden is now private again as a wholly owned subsidiary of GE, which acquired the company in May 2006 for $4.8 billion.
Peddicord remained as COO with Arden after the GE buyout, resigning in 2008. Before his post as COO at Arden, he was an EVP of operations and leasing at the company from 2001 to 2006. He joined Arden in 1996 as vice president of leasing and created an in-house leasing program that managed four million square feet of transactions per year. He began his career as corporate managing director for Studley.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.