ATLANTA-In October, some industry analysts predicted that JDN Realty Corp. would shed JDN Development Co., its shopping center development arm. But it appears the company will try to salvage the firm by hiring Lee S. Wielansky as president and CEO.

Wielansky co-founded St. Louis-based Midland Development Group. That firm became one of the largest developers of Kroger supermarket-anchored shopping centers in the nation while he was CEO. In 1998, Regency Realty Corp. purchased the Midland Group and 35 of its shopping centers. Wielanksy served on Regency’s board of directors and was managing director for investments for the company.

JDN Development lost its senior management team when it was discovered they were possibly overcharging two of their biggest clients, Wal-Mart Stores Inc. and Lowe’s Inc., in various transactions.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


GlobeSt. NET LEASE Fall 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.