BINGHAM FARMS, Mich., June 23 /PRNewswire/ -- Malan Realty Investors, Inc.
(NYSE: MAL), a self-administered real estate investment trust (REIT), today
announced it has appointed Frederick A. Synk to the newly created position of
director of development and general counsel.
Prior to joining Malan, Synk, age 43, held management positions at Kmart
Corporation beginning in 1984. Most recently, he was regional director of
real estate for a seven-state territory in the Northeast, with
responsibilities including site selection for new stores and expansion of
existing stores into the "Big Kmart" format. In addition to coordinating
operations with the Market Strategy and Construction departments, Synk handled
all real estate work for Kmart's Distribution Centers and Logistics
Department. In previous positions with Kmart, he worked on site selection and
store expansion in the Midwest and the South, negotiated the disposition of
closed stores and served as the company's real estate representative for its
former sporting goods and office products stores.
Before moving to Kmart, Fred Synk served in private law practice in
Detroit and as a staff attorney at Kelly Services, Inc.
"Fred Synk brings to Malan a successful record in all aspects of our
business, including site selection, leasing, redevelopment and acquisitions,
as well as experience in many aspects of the law," said President and Chief
Executive Officer Anthony S. Gramer. "With his knowledge of our portfolio
profile, he will be instrumental in helping us successfully execute our
strategy of diversifying our retail tenant base, expanding existing properties
and selectively acquiring and developing new properties."
Frederick Synk holds a B.A. with Honors and Distinction from the
University of Michigan, and a J.D. from Wayne State University Law School. He
is a member of the State Bar of Michigan and the International Council of
Shopping Centers. Fred Synk, his wife Mary and their children, Erin, Brendan
and Colleen, reside in Troy, Mich.
Malan Realty Investors, Inc. owns, acquires, redevelops and manages
properties that are leased primarily to national and regional retail
companies. The company owns a portfolio of 66 properties located in nine
states that contains an aggregate of approximately 6.2 million square feet of
gross leasable area.
News releases for Malan Realty Investors are available through Company
News On-Call by fax at 800-758-5804, ext. 114165, or http://www.prnewswire.com
SOURCE Malan Realty Investors, Inc.
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CONTACT:
Michael K. Kaline, Vice President of Malan
Realty Investors, 248-644-7110; or Fred Nachman of
Corporate.Technology Communications, Inc., 312-832-9300, ext. 202
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