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Alan T. Kessler.

Alan T. Kessler

Alan T. Kessler (photo), a veteran U.S. real estate expert, has been named president and CEO of Commercial Developments International/ East (CDI), a national real estate firm based in New York City.

Kessler, 56, will direct the newly formed company as it develops build-to-suit and significantly pre-leased projects, and invests in high-quality properties performing below their market potential in areas of the country which are recovering. These will include office buildings, office parks and mixed-use developments.

Prior to joining CDI, Kessler served as senior vice president of Vector Real Estate Corporation for six years, acquiring income-producing properties and sites for residential and commercial development. In addition, he supervised all phases of development projects, and negotiated major leases for the company.

Earlier, he served as executive vice president and COO of Tandy & Allen Realty Company, with total responsibility for operating and managing a portfolio of shopping centers, office buildings and apartment houses. Kessler's activities across the U.S. and Canada culminated in more than $100 million in aggregate leases for the company.

Prior to that, as vice president of Eastern operations and a director of Ogden Development Corp., he managed national development projects, from land acquisition through construction supervision.

Kessler holds a Bachelor of Fine Arts, Industrial Design from Carnegie Institute of Technology.
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Title Annotation:Who's News
Publication:Real Estate Weekly
Article Type:Brief Article
Date:Nov 13, 1991
Previous Article:MBR hearings underscore rent-control problems.
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