Advance Realty Group Promotes Kurt R. Padavano to Chief Operating Officer
Advance Realty Group, a leading Northeast U.S. owner and developer of Class A office properties and mixed-use developments, today announced the promotion of Kurt R. Padavano, RPA, CPM®, FMA, SMA, to chief operating officer of the company. A 13-year veteran of Advance Realty Group, Padavano will oversee all company operations in his new role.
Prior to this promotion, Padavano was COO of the company’s Advance Realty Management division where he oversaw management of an asset portfolio in excess of five million square feet in the mid-Atlantic through Northeast United States markets. In addition to leading management operations, Padavano directed the business operations for a over 100 employees in the areas of human resources, information technology, insurance and risk management, corporate marketing, and acquisitions due diligence processes among others.
“Kurt is one of the most experienced and respected executives in the real estate industry,” said Peter Cocoziello, president and CEO of Advance Realty Group. “His extensive and diversified background in the real estate industry, and with our company, makes him the perfect executive to lead our operations at this exciting time in our history. Advance Realty Group is well positioned for future growth with an outstanding development pipeline and above market occupancies throughout our existing portfolio. Kurt is a valuable member of our leadership team and his strategic vision and operational strengths will ensure that Advance Realty Group remains a leading edge real estate company.”
With over 20 years experience in the real estate industry, Padavano has extensive experience in managing owned and third party real estate assets, including leasing, human resources, accounting and financial reporting, risk management, operations and maintenance, contract and lease administration, operating and capital budgeting, acquisitions, due diligence and tenant relations. Additionally, Padavano holds the designations of Real Property Administrator (RPA), Facilities Management Administrator (FMA) and Systems Maintenance Administrator (SMA) from the Building Owners and Managers Institute International, and Certified Property Manager (CPM) from Institute of Real Estate Management.
A graduate of Harvard University and Pennsylvania State University, Padavano is active in the Building Owners and Managers Association (BOMA), both on the local and international level. He most recently served as chairman and chief elected officer of the 19,000-member BOMA International and as a member of The National Advisory Council for BOMA Canada. His involvement in BOMA International also includes Chairmanship of the Regional Owners’ Council and a member of its Executive Committee.
On the local level, Padavano has served as president of the New Jersey Association, as well as chairman of the Energy Aggregation Committee, and member of the Investment Committee. He also serves on the Executive Board of the New Jersey Patriots Path Council for the Boy Scouts of America.
About Advance Realty Group
Advance Realty Group is an owner and developer of office, flex, industrial, retail and multifamily properties. With 5.5 million square feet of operating properties and a development portfolio consisting of eight million square feet of commercial projects and 9,400 residential units, Advance is one of the leading real estate owners in the Northeast and is headquartered in Bedminster, N.J. For more information, call Advance Realty Group at (908) 719-3000 or visit www.advancerealtygroup.com.
