Karen LoBello, director of operations, Northeast region, Bridge Development Partners

PARSIPPANY, NJ—Bridge Development Partners, which is headquartered in Chicago, has named The Hampshire Companies' Karen LoBello as director of operations for its Northeast region.

LoBello was previously director of property management with The Hampshire Companies where she was most recently responsible for more than 10 million square feet of commercial real estate across the office, industrial and retail sectors. LoBello, who was appointed to that post in June 2015, was accountable for the execution of asset operational strategies with a heavy focus on leadership development and talent/resource management of the in-house property management team at Hampshire.

Working out of Bridge Development's New Jersey offices in Parsippany, LoBello will oversee the property management function for the New Jersey/New York market, servicing company-owned assets and providing third-party property management services to institutional owners who have acquired properties developed and sold by Bridge. She will also be responsible for portfolio operations and the property management team as a whole, as well as directing and overseeing capital improvements and value-add strategy for the properties under management, the company states in an announcement.

"Karen is an excellent addition to our team, and we are eager to apply her unique and proven approach to our entire regional portfolio," says Jeff Milanaik, Northeast regional partner at Bridge. "Her impressive background in both property management and leadership development makes her a great resource that will help further our continued growth in New Jersey and New York."

Before working directly for Hampshire, LoBello was the CBRE Account Director via an outsourced property management arrangement with Hampshire. During that time, she led the property management functions for a broad portfolio spanning more than 20 million square feet across multiple asset classes.

Throughout her 13 plus years with CBRE/Hampshire, LoBello was involved in various redevelopment projects such as Centra Metropark, an award winning, campus-style office park located in Iselin, NJ. She also facilitated many successful property transitions and led a market study resulting in an approximate 9% increase in the company's property management fee revenue.