Respected Industry Veteran Will Support Advance’s Active Project Pipeline; Positions Company to Provide Corporations and Other Partners With Services
Advance Realty Investors — a leading Northeast U.S. owner, developer and manager of residential, industrial, mixed-use and Class A office properties — today announced that it has hired Tom Walsh as Managing Director of Development and Construction Solutions.
A 40-year veteran of the New York/New Jersey commercial real estate industry, Walsh will team up with Principal and Managing Director Daniel Cocoziello to oversee all aspects of development, renovations and construction on Advance’s rapidly diversifying portfolio, which includes several ongoing multifamily, industrial, office and mixed-use projects.
“We’re extremely excited to work alongside Tom, who is among the most respected professionals in the commercial real estate industry,” Daniel Cocoziello said. “His tremendous expertise will be an invaluable asset as we continue to grow and execute our project pipeline throughout the Northeast.”
With the addition of Walsh – who most recently served as principal and managing director of project management for Avison Young’s New Jersey, New York and Boston offices – Advance is positioned to provide development and construction management services to large corporations and other strategic partners.
In overseeing project management, development management and construction services for Avison Young, Walsh grew the company’s three offices to more than 60 employees, and completed more than 150 projects with an aggregate construction value in excess of $300 million annually. Prior to Avison Young, Walsh was a partner and managing director of The Walsh Company, which was acquired by Avison Young in 2012.
“Tom is an esteemed commercial real executive with a long track record of innovation and success,” said Peter J. Cocoziello, founder and CEO of Advance Realty Investors. “He is widely known throughout the region’s commercial real estate industry for his vast experience and unique approach to problem-solving, regardless of what phase a project is in, or what kind of product type is being constructed. His sterling reputation built over four decades speaks for itself.”
Earlier in his career, Walsh served as principal at Normandy Real Estate Partners, as well as founder and president of The Gale Construction Company. Throughout more than four decades in commercial real estate, he has managed, constructed and developed over 50 million square feet of product – including a 270,000-square-foot global headquarters for Commvault; a 400,000-square-foot regional headquarters for State Farm Automobile Insurance; and the development of Park Avenue at Morris County – a 1 million-square-foot office park in Florham Park, N.J.
“I am honored to join Advance during such an exciting time in the company’s evolution,” said Walsh. “I have known Peter Cocoziello and his team for decades, and I look forward to lending my experience and insights as they continue to pursue groundbreaking new projects across every sector of commercial real estate. Their company has long been known as a leader in commercial real estate across New Jersey and beyond, and I look forward to contributing as we push it to new and greater heights.”
Walsh, who holds a bachelor’s degree in engineering from Stevens Institute of Technology in Hoboken, N.J., serves on the Board of Trustees of the PG Chambers School, and has held past roles on The Delbarton School’s Board of Trustees, as well as the Patriots Path Council of the Boy Scouts.
About Advance Realty Investors
Advance Realty Investors is a privately-owned real estate investment, development and management company that has been in business for over 40 years. Advance owns, manages or has invested in a diversified, 15-million-square-foot portfolio across all asset classes. The company actively pursues real estate investments in residential, industrial, mixed-use and Class A office properties that enhance value through development, repositioning and redevelopment. Advance Realty is one of New Jersey’s most well-respected owner/operator/ developers in the Northeast Corridor. Visit www.advancere.com for more information.