Eric Hage has been promoted to president of Dallas-based KDC, one of the nation’s leading real estate development and investment firms, succeeding Toby Grove, who will continue to serve in an advisory role as vice chairman of KDC’s board of directors.
In addition to Hage’s promotion, Bret Creel and David Fisk, current senior vice presidents, are now executive vice presidents, joining the design and construction leadership team, KDC said. IT manager Richard Bryant has been promoted to vice president of information technology. In this leadership role, Bryant will focus on using new technologies to enhance project scheduling, procurement, and overall communications.
“We’ve spent the past 35 years building KDC into a reliable and respected commercial real estate developer, owner, and buyer,” KDC Executive Chairman Steve Van Amburgh said in a statement. “These promotions are the direct result of excellent leadership and diligent work on behalf of our clients, ensuring KDC continues to deliver great service. Together with our board, the leadership team has mapped out strong plans for future success. Toby and I look forward to transitioning these new leaders into their very important roles.”
‘Setting the course for decades to come’
Hage joined KDC three years ago as its EVP of development.
In that role, Hage has been responsible for new business strategies involving the company’s core businesses, including office, industrial and data center development. During his two-decade career in the commercial real estate industry, Hage has been involved with multiple high-profile developments throughout Dallas-Fort Worth and nationwide, KDC said.
Going forward, Hage, along with KDC Chief Investment Officer Scott Ozymy and CFO Mike Kaufman, will form a new KDC Management Operating Committee to oversee all day-to-day operations, as well as all development, financial and transactional activities, the company said.
“These leadership promotions will serve to strengthen KDC’s operations and prepare the company for the future. KDC is in a great position to take advantage of opportunities in today’s environment,” Grove said in a statement. “We believe that Eric and the team offer in-depth experience and on-the-ground know-how to continue providing KDC clients exemplary services, setting the course for decades to come.”
KDC’s current development projects include the $200 million Bank of America Tower at Parkside in Uptown Dallas, the new Wells Fargo office campus in Irving, a distribution center for Oncor Electric Delivery Co. in Midlothian, and a JPMorgan Chase operations center in Ruston, Louisiana.
“Steve and Toby have built a phenomenal company with a client-first mentality resulting in some of the nation’s highest-profile corporate campuses, headquarters, and projects,” Hage said. “Together with the KDC team, we will build on this success by expanding our resources and services, while continuing to be a premier office, industrial and data center developer.”
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