Queenan Takes on CEO Job at Trammell Crow

DALLAS-Danny Queenan has been appointed as CEO of Trammell Crow Co., taking on the role previously held by Bob Sulentic.

Queenan will report to Sulentic, who served as CEO of TCC for 11 years. Sulentic will continue to serve as president at CB Richard Ellis, TCC’s parent company.  

Queenan is talking the helm of one of the oldest and most-prominent US development companies. Founded in 1948, TCC has developed or acquired over 525 million square feet of buildings with a value exceeding $55 billion.

Queenan joined TCC in early 2010 as president of the firm’s Central Operations, based out of Chicago. Prior to joining TCC, Queenan served as president and CEO of Opus North Corp. (now Opus Holding Inc.) While at Opus, he was involved in the development of roughly 6 million square feet of industrial, office, mixed use and retail projects. 

There are no plans to appoint another president of TCC’s Central Operations, according to Queenan. He will split those responsibilities – which include oversight of TCC’s offices in Austin, Chicago, Dallas and Houston, as well as the firm’s acquisitions team and healthcare initiative – with John Stirek, president of Western Operations, and Chris Roth, president of Northeast Operations.

In addition to maintaining a good portion of his previous responsibilities, Queenan tells GlobeSt.com that he will focus on expanding TCC’s relationships with new and existing capital partners. “I am trying to prepare to take advantage of the next development cycle, and capital is one of the most important tools I can provide for our people,” he says, adding that he will split his time between Chicago and Dallas. The company will continue to be headquartered here.

Under Queenan’s leadership, TCC will continue to emphasize office and industrial development. “Those will continue to be the kingpins, but we will also develop retail, multifamily and medical office,” he says.

In his new role, Queenan anticipates that his biggest challenge will be keeping TCC’s pipeline filled with enough investment opportunities to satisfy its capital partners. “We love to partner with our co-investors, and to continue to do so, we have to have a steady flow of development opportunities,” he asserts.

As of December 31, 2010, TCC had more than $3.3 billion of development projects underway, another $1.2 billion in its pipeline and $1.6 billion in operation.