Prendergast is currently vice president of property management and construction. In his new role, he will be responsible for overseeing the day-to-day operations of the company. Prendergast joined the company in 1999 and was responsible for all property management and development activities for a portfolio that grew from 60 properties in 1999 to its current 166 properties. Previously, he was employed by Urban Retail Properties/Overseas Management Inc., a publicly traded retail REIT, where he managed Urban's mixed-use development and fee-managed properties.

David C. Sweetser, vice president of business development, will assume direct responsibility for the Heritage's property management and construction departments. Sweetser joined Heritage in February 2004. Prior to joining the company, Sweetser was director of leasing at Eastern Development Inc.

Heritage focuses on grocer-anchored shopping centers with multiple anchors. Heritage currently has a shopping center portfolio of 162 centers, located in 29 states and totaling approximately 32.7 million sf.