Thursday, October 13, 2016

Cullinan Properties Continues Its Course of Expansion with New Projects and Announces Promotions


Diane Cullinan Oberhelman, Chairman of Cullinan Properties, announced today that Cullinan’s portfolio continues to expand as the company aggressively moves forward with new projects in the retail, office, medical, and multi-family sectors throughout the Midwest and Texas. With the expansion, Cullinan also announces promotions and the addition of key executives to its leadership team. 

Included in the expansion is a recently acquired 265-acre site located in the northeast quadrant of the intersection of I-55 and I-80 in Joliet, IL. A mixed-use development encompassing retail, office, entertainment, hotel and multi-family components is planned for this super regional site named Rock Run Crossings. Cullinan also recently opened a 3 story, 100 person, student housing complex in Peoria, Illinois, as well as a 6 story mixed-use development, known as Lofts at Euclid, that features 87 luxury residential loft apartments and 8,500 sf of street level retail and restaurant space in the Central West End of St. Louis, Missouri. Cullinan Properties also continues to enhance its real estate portfolio with medical and general service administration projects. Its current projects include the development of the Streets of St. Charles in Metro St. Louis, Missouri, and Burleson Commons in Burleson, Texas, along with the recently completed VA Clinic in Austin, Texas and the 86 acre mixed-use Levee District located in East Peoria, Illinois. 

As part of the growth, Cullinan Properties, who employs over 145, is adding additional team members and has promoted and added key executives to its leadership team. Christopher M. West has been promoted from Partner/Chief Operating Officer to Partner/Chief Executive Officer and Sean R. Garrett from Vice President of Investments to President of Acquisitions and Director of Community Relations. Sean will serve in this new capacity until January 2019, at which time he will be named Chief Operating Officer. Sean Garrett will work alongside Chris West on aligning resources for the future and defining critical success factors for Cullinan Properties management going forward.  

Chris West began his association with Cullinan Properties in early 2002 as the leader of Urban Retail Properties’ development of the Shoppes at Grand Prairie. After Urban’s acquisition in 2002, Chris formed CW Development Services to complete the Shoppes of Grand Prairie project for Cullinan. West later joined Cullinan Properties as Partner and Group President. In 2010, West was appointed Chief Operating Officer for the company. As Partner/CEO, West will lead the organization’s day-to-day management decisions and implement the Company's long and short term plans. He also maintains his leadership of the construction division of Cullinan Properties and oversight of Cullinan Properties’ Chicago office.

“Since taking the reins in 2010, Chris West has been an outstanding leader to this company. While our company is larger, stronger and more resourceful, now is the time to reorganize our strategy for continued business improvement and elevate him to Partner/CEO”, states Diane Cullinan Oberhelman.

Since 2013, Sean Garrett has served as Vice President of Investments for Cullinan Properties. He joined the company in 2011 from Western Development Corporation in Washington, DC and served as a Financial Analyst for Cullinan Properties where he developed strong relationships with business partners, investors, lenders and community leaders. Sean presently serves as Secretary on the board of the Central Illinois BizPAC and is a Peoria CEO Council committee member. As President of Acquisitions and Director of Community Relations, Sean will oversee all aspects of the acquisition and disposition processes, including financial analysis, due diligence and underwriting while also developing and maintaining important relationships with community partners. He will also work alongside West to create a compelling and sustainable path forward for Cullinan Properties while at the same time seamlessly implementing Cullinan Properties growth initiatives.

“I have been honored to lead Cullinan Properties through its tremendous growth and bring a national prominence to Cullinan Properties as a leading real estate development company. Sean has been an integral part of the team and communities in which we have developed over the last five years and he has distinguished himself as an extraordinary leader. We look forward to Sean having an increased role in the company and the communities we serve. He and the entire Cullinan Properties team is well equipped to continue the transformation of our company for the next generation of our business partners to exceed expectations and build winning relationships in every market we develop”, states West.

Oberhelman also announces that Ginger Benz has been promoted from Operations Manager to Vice President of Operations and Marketing. Ginger joined Cullinan Properties in 2006 and brings over 20 years of operational management and marketing experience to the Cullinan Properties team. She works closely with ownership on the implementation of new developments, marketing and administration and has been integral in the pre-development for the Levee District at East Peoria Downtown, East Peoria, IL, the Streets of St. Charles, Metro St. Louis, MO and now Rock Run Crossings in Joliet, IL. Prior to joining Cullinan Properties, Ginger was the Director of Marketing and Public Relations at CPM Marketing Group, Inc., a Customer Relationship Management and database marketing provider for the healthcare, financial services and telecommunications industries. As Vice President of Operations and Marketing, Ginger will provide the day-to-day oversight of the operations and marketing departments of organization.  

Oberhelman continues as Chairman of the company focusing on investor relations, strategic partnerships and key tenant relationships. Cullinan Properties is also led by a core group of leaders including, Michael C. Owens, Chief Investment Officer and President of the Office and Medical Division, Michael F. Norbutas, Chief Financial Officer; Kathleen Cullinan Brill, Vice President, Director of Leasing and Scott Bishop, Vice President of Asset Management.

Cullinan Properties, Ltd., with offices in Chicago, IL, Peoria, IL and St. Louis, MO, is a multi-disciplined real estate form that develops, manages and owns mixed-use, retail, multi-family, office and medical properties throughout the United States. For additional information on Cullinan Properties, Ltd., visit www.cullinanproperties.com.

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