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The General Investment & Development Companies are privately held,
vertically-integrated, diversified real estate operating companies based in
Boston, MA. We have more than 45 years of experience in developing, acquiring
and managing apartment communities, suburban office properties and flex
industrial business parks. In our 20 years of flex industrial park development
and management experience, we have demonstrated our commitment to providing our
tenants a quality product at an exceptional value. We are also dedicated to a
high level of service and have on-site management and maintenance teams at many
of our parks.
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Robert T. Karp, Senior Vice President, Flex Industrial
Investments, leads the company’s expanding venture into the flex industrial
market. As such, Mr. Karp is responsible for the acquisition and development of
flex product in selected target markets, and the asset management of that
product. The group currently controls approximately $400 million of assets and
is acquiring and developing flex properties for a $500 million fund GID
recently formed with several large domestic pension funds.
Prior to joining GID in 1973, Mr. Karp’s experience included Regional Manager
for Development Corporation of America in New York City and Assistant Director
of the Cambridge Redevelopment Authority. He received a BA from Harvard College
in 1961 and an MPA in Public Affairs from the University of Pittsburgh in 1964.
Mr. Karp is the current Chairman of NAIOP’s National Business Parks Forum and a
full member of the Urban Land Institute. He served in the Department of Defense
Task Force on Military Housing in 1997. Mr. Karp has also been a member of the
Massachusetts Governor’s Task Force on Low-Income Housing and a lecturer for
the Boston Architectural Center.
Mitchell K. Adams is the Vice President of Development for GID
and the Project Manager of Southport Business Park in Morrisville, NC and
Windsor Business Park in Richmond, VA. Mr. Adams joined GID in 1984. He has
developed, constructed, and managed 27 flex and office buildings containing
over 1,600,000 square feet. Twenty of those buildings, with approximately
1,100,000 square feet, are completed and occupied while the balance remains in
various stages of development. He earned a Bachelor of Science from West Point
in 1970 and a JD from Monterey School of Law in 1983.
Gary T. Kroll is Vice President – Flex/Industrial Acquisitions
for GID and is responsible for the acquisition of flex/industrial properties in
the Eastern United States (including Texas). His duties include selection, due
diligence, financial evaluation, structuring, negotiation and closing of these
transactions. Mr. Kroll joined GID in September of 2000 as an Acquisitions
Analyst and has been involved in transactions totaling over $330 million in
that time.
Prior to joining GID, he worked for AEW Capital Management as an Acquisitions
Assistant Vice President and also was responsible for asset management duties
on two industrial portfolios on behalf of institutional clients.
Mr. Kroll is a member of NAIOP’s Investment Management National Forum Group. He
earned his MBA from Suffolk University in Boston in 1994 and his BA from Saint
Anselm College in 1991.
Richard G. Sullivan, Vice President, Industrial Flex
Group, currently provides asset management services for the Industrial Flex
portfolio consisting of 3.6 million square feet in 9 markets. He is responsible
for leasing activities, dispositions and directing property management for
the portfolio.
Mr. Sullivan has 15 years of experience in commercial real estate and joined
GID in March 1999 as an Asset Management Analyst covering flex/industrial and
multifamily properties throughout the eastern U.S. During his tenure at GID, he
has been principally involved in the disposition of 34 properties selling for
more than $1.1 billion. Prior to joining GID, Mr. Sullivan was an Assistant
Vice President and Analyst for Paine Webber Properties where he was involved in
asset management, refinancings, leasing and dispositions of 9 partnerships
comprised of 26 properties. Mr. Sullivan holds a Bachelor of Arts degree from
the University of Connecticut and completed his M.B.A. at Wake Forest
University.
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