NEW YORK CITY-Following this morning's revelation by GlobeSt.com that Brian Robin will step down as president and CIO of Monday Properties at the end of this month—and will be temporarily replaced by two executives while an executive search is launched—those same two officials have been given new appointments.
Effective Feb. 1, Timothy Helmig, 45, and Dang Phan, 52, each will become co-president. In addition, Helmig will serve as COO and Phan will serve in the newly created position of CIO. Both senior executives will report to Anthony Westreich, CEO.
Helmig will direct all Monday Properties operations, existing portfolio and project developments. He recently led the development of 1812 North Moore Street, a 580,000-square-foot LEED Platinum trophy office tower in Roslyn, VA and the entitlement of 1400 Key and 1401 Wilson Boulevard, a planned 900,000 square foot mixed-use project, also in Roslyn.
Phan joined the firm in 2013 after nearly three decades in real estate private equity and investment banking. Working closely with Westreich and the senior management team, Phan's principal focus will be on developing investment and capital raising strategies and initiatives. In addition, he will be responsible for developing investor relationships in a manner consistent with current and future Monday investment opportunities and its commitment to excellent performance and investor service.
Says Westreich said, “With two decades of experience in commercial real estate, Tim has become a recognized market leader in leasing, development, and project management. Likewise, Dang shares a market leadership status in the disciplines of global real estate private equity. We intend to combine their expertise synergistically.”
Prior to joining Monday Properties, Helmig was a partner at Westfield Realty, where he led lease and sales transactions totaling approximately $2 billion. Among numerous notable transactions, he negotiated a 280,000-square foot lease for 1701 N. Fort Myer Drive with the US Department of State and a 220,000 square foot lease for 2800 and 2900 Crystal City Drive with the US Patent and Trademark Office, in the Washington, DC area. In addition, he was responsible for lease transactions with numerous major federal agencies and high-profile companies such as Boeing, Northrop Grumman, Raytheon Company, and Washington, D.C. television station ABC-WJLA.
While at Monday Properties, Helmig has led over two million square feet of leasing, including the 600,000-square-foot long term lease renewal with the US Coast Guard, the largest lease transaction in 2008 in the DC area.
Prior to joining Monday Properties, Phan served for nearly three decades with leading firms in real estate finance and private equity, and during the last 20 years as a senior principal, COO and/or CFO of three premier, global real estate private equity fund businesses at Goldman Sachs (Whitehall funds), Donaldson, Lufkin & Jenrette (Real Estate Capital Partners funds), Soros Fund Management (Soros Real Estate funds) and its successor, Grove International Partners (Grove funds). He has participated in and/or led the formation and management of eight global real estate private equity funds with investor commitments in excess of $9 billion and portfolios spanning a wide variety of asset classes, property types and U.S. and international locations.
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