SAN DIEGO, June 3 /PRNewswire/ -- Burnham Pacific Properties, Inc.
(NYSE: BPP) today announced additions to its management team and an executive
reassignment. Joseph W. Byrne will assume the position of Chief Operating
Officer/Executive Vice President. Mr. Byrne joined the Company this past
April after ten years as the President of Property Development Associates
(PDA), a joint venture company of Safeway Stores, Inc. (NYSE: SWY) and the
investment firm of Kohlberg, Kravis, Roberts & Associates. At PDA, Mr. Byrne
had responsibility for the day-to-day operations for over 425 retail
properties in 26 states. Prior to PDA, Mr. Byrne was President of Glickman,
Byrne & Associates, Corporate Counsel and Real Estate Manager at Sav-On Drugs
and Assistant Counsel and Real Estate Representative at the Vons Companies.
Mr. Byrne is a graduate of Loyola University School of Law and practiced
transactional real estate law with a major Los Angeles law firm. He will
report directly to J. David Martin, Burnham Pacific's Chief Executive Officer.
Kathleen Burgi-Sandell has joined the Company as Regional Asset Manager
responsible for all the Company's assets in the Northern California and
Pacific Northwest regions which today totals some 3.6 million square feet in
28 properties. Ms. Burgi was previously a Vice President with Allegis Realty
Advisors for over ten years where she was responsible for commercial
properties totalling 4 million square feet.
Susan Rorison has joined the Company as Regional Asset Manager responsible
for all the Company's assets in the Southern California region which today
totals some 5.2 million square feet in 37 properties. Ms. Rorison was
previously the Director of retail properties at CB/Richard Ellis and for over
ten years was with Prudential Realty Group responsible for their retail assets
in the Western U.S.
Peggy Thrailkill has assumed the position of Director of Asset Management
Training/Transition. Ms. Thrailkill was previously the Company's Regional
Asset Manager for Southern California and has been with the Company for three
years. Previously, for over ten years, Ms. Thrailkill was with Grossmont Land
Company located in La Mesa, California, where she was responsible for the
management, leasing and marketing of 1.2 million square feet of mixed-used
retail and commercial space.
Terrence P. Tallen has joined the Company as Director of Leasing
responsible for the leasing of all the Company's retail assets which total
some 8 million square feet in 62 properties. Mr. Tallen was previously the
Director of Leasing for Watt Properties, a Los Angeles based private retail
company with 42 properties and the Director of Leasing for Alexander Haagen, a
Los Angeles based retail REIT.
In their new positions, Ms. Burgi-Sandell, Ms. Rorison, Ms. Thrailkill and
Mr. Tallen will all report directly to Joseph Byrne.
Also new to the Company, and reporting directly to James Gaube, Chief
Investment Officer of Burnham Pacific, are James Kilcoyne and John Reinholt.
Mr. Kilcoyne joined the Company as Regional Director of Acquisitions for
the Southern California region. Previously he served as Real Estate Manager
for Safeway Stores, San Diego Division, and more recently held the position of
Real Estate Manager for Lucky Stores in their Southern California region. Mr.
Kilcoyne has been involved in corporate real estate and real estate
development in the Southern California region for over 20 years.
Mr. Reinholt joined the Company as the Regional Director of Acquisitions
for the Pacific Northwest Region. Previously, he served as Real Estate
Manager for Pay 'N Save Drug Stores in the Pacific Northwest. He was also
responsible for all real estate and construction activities for Drug Emporium
in that region. A graduate of the University of Washington, Mr. Reinholt has
been involved in corporate real estate for over 12 years.
"This realignment and additional staffing better reflects our current
position as the largest owner of shopping centers on the West Coast,"
commented J. David Martin, Burnham Pacific's Chief Executive Officer. "We are
very pleased to have these highly experienced individuals join our senior
management team. We believe we have assembled the best retail real estate
talent on the West Coast."
Burnham Pacific Properties is a fully integrated real estate operating
company which acquires, rehabilitates, develops and manages retail properties
on the West Coast where it is the largest owner of retail centers. The
Company has offices in San Diego, Los Angeles, San Francisco, and Sacramento
in California, as well as Portland, Oregon and Seattle, Washington. The
Company also makes available on a quarterly basis supplemental information
which includes property and corporate level detail which is available upon
request from the Company. More information on Burnham Pacific may be found on
the Company's website at http://www.burnhampacific.com or by calling
800-462-5181.
SOURCE Burnham Pacific Properties, Inc.
back to top
CONTACT: Daniel B. Platt, Chief Financial Officer of Burnham Pacific Properties, Inc., 619-652-4700, fax: 619-652-4711, or dbplatt@bpac.com
|