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| John Orsak |
PHOENIX, AZ – Lincoln
Property Company (LPC) Desert West has hired industry veteran John Orsak as Director of Real Estate.
Orsak brings 15 years of real estate experience to his new position, with a
focus on acquisitions, dispositions, development, leasing and asset management.
Orsak previously served as
Director of Operations and Project Manager at Hines, and as Senior Director
Development of VanTrust Real Estate, where he specialized in uncovering value
across a range of asset types. During his career, Orsak has produced revenues
of more than $200 million.
“Lincoln’s Desert West
portfolio is growing at a record-breaking pace,” said Lincoln Property
Company’s Executive Vice President David
Krumwiede. “John has the broad expertise to move our many investment and
development efforts steadily and successfully forward. We’re very excited to
have him as part of our team.”
Based in Phoenix, LPC’s
Desert West region posted a record-breaking 2015 and continues that momentum
into 2016.In the past 16 months, the office has directed more than $300 million
in investment and development activity, with recent deals including the $44
million LPC/Invesco purchase of Luhrs City Center in downtown Phoenix, the
$35.25 million LPC/Goldman Sachs purchase of Gainey Center II in Scottsdale,
and the $34.34 million LPC/Harvard Investments purchase of Riverview Point in
Mesa.
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| David Krumwiede |
Development activity
includes a late-2015 completion of the 108,000-square-foot Waypoint One office
building in Mesa and Q1 2016 groundbreakings on the 152,000-square-foot Waypoint
Two building and Phase I of The Grand at Papago Park Center, which at build out
will total 60 acres and 3.2 million square feet of mixed-use space, including
1.8 million square feet of office space, just north of Tempe Town Lake.
Orsak holds a bachelor’s
degree in Business Administration from Sam Houston State University. He is a
member of the National Association of Industrial and Office Properties (NAIOP)
and is the founder of Santa’s Sak, a non-profit organization that supports
state-sponsored group homes and puts Christmas gifts into the hands of needy
children.
For a complete copy of the company’s news release,
please contact:
Stacey Hershauer
focusAZ
Marketing & Public
Relations
(480) 600-0195
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