Mandel Group announces firm’s succession plan
Commercial development firm Mandel Group Inc. has announced a succession plan, with new roles for founder Barry Mandel, as well as the firm’s younger executives.
Mandel will serve as chairman and chief executive officer, with Ian Martin elevated to president — a role that Mandel previously held. Also, Phillip Aiello was named chief operating officer.
Bob Monnat, who was chief operating officer, and Chief Investment Officer Dave Pavela will transition to senior partners.
Also, Jason Babcock was promoted to senior vice president of acquisitions and dispositions. Other executives include Chief Financial Officer Angie Achenbach; Don Lindeman, management company president; and Sherry Meyers Thompson, controller.
The plan is designed to build on the firm’s strengths, retain institutional knowledge and position the company for continuing success, Mandel said.
“I think it’s important to make sure we have continuity,” he said.
The firm will continue to focus on “exceptional customer service, integrity and respect for all we do business with and a dedication to bettering the communities in which we invest,” Martin said.
“The core of the business is going to stay intact,” he said.
Founded in 1991, Mandel Group has completed over $1.5 billion in real estate transactions and owns assets in five Midwestern states exceeding $1 billion in value.
Its active pipeline of near-term and future projects total $500 million.
Mandel Group’s newer Milwaukeearea developments include the Velo Village apartments at Franklin’s Ballpark Commons mixed-use project; The West apartments, near the West Allis Farmers Market; and The North End, a multiphase project with 649 apartments and 43,800 square feet of commercial space in downtown Milwaukee.