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DEERFIELD, IL-Randy Tieman has recently been appointed managing director at Janko Group, after spending the past several years as EVP at TCB Development. Tieman, who has worked in commercial real estate for more than two decades, started in his new role at the real estate investment company last month. The industry veteran says he will focus on acquisitions at Janko.

Tieman, who has known Janko’s founder, Gary Janko, for years, says he made the switch to better situate himself to work within the demands of the current market given the economy. “I think in this period of time that we’re looking at in the marketplace, the acquisition side of things will have a lot more opportunity in the next two-to-three years,” Tieman says. “This development group is well-positioned for those types of acquisitions.” He had been with TCB for nearly three years until recently, he says. There, Tieman oversaw developments, including a retail center in Lockport, numerous industrial projects along Interstate 80 and in West Chicago, Bolingbrook and Romeoville, as well as office developments around Tinley Park and Mokena.

“I’ll be doing much of the same in terms of finding new development opportunities, but more focused on acquisition of existing product,” Tieman says. “We believe there’s going to be some value-add opportunistic acquisitions in the not-so-distant future, such as industrial, hotels, and other project types. We’ll find some good acquisition opportunities and, over the course of time, build up the organization in terms of both people and assets.”

Previous to work with TCB, Tieman also held the role of SVP at Opus North Corp. TCB Development’s president Mark Vandenberg did not return calls for comment on Tieman’s departure.

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