New hires to help ICP expand its portfolio and tenant base
.jpg)
Industrial Commercial Properties (ICP), a real estate and development company, has named Bill Kern as executive vice president and Andy Hill as senior vice president of finance.
In his new role, Kern will oversee the company’s asset management practices and play a key role in transactions and development projects. Kern will also help ICP focus its efforts on tenant retention.
Kern most recently served as the senior vice president of leasing and national accounts at DDR/ SITE Centers, a publicly traded real estate investment trust. Kern has also held leadership roles at ICP, including the company’s national accounts department and development and transactions department, where he acquired $330 million of land and spearheaded disposition efforts on over $400 million in assets.
Hill will direct ICP’s financial planning and accounting practices as senior vice president of finance. Prior to joining ICP, Hill worked as the vice president of Forest City Realty Trust, where he oversaw loan closings amounting to more than $1.5 billion over the past five years.
"Over the last year, we have grown our business model and portfolio exponentially. With the addition of Bill and Andy, our executive team is poised to steer our company during this time of extraordinary growth,” said Chris Semarjian, owner of ICP. “They can help foster and expand our partnership with Industrial Realty Group (IRG), while simultaneously supporting our expanding ICP portfolio and tenant base.”
“Our company has become a multifaceted, development enterprise, with an expanded footprint and product type that requires real estate professionals with a versatile skill set and a national reach,” said ICP COO Chris Salata. “We are fortunate to add Bill and Andy, who will bring an even greater focus on finance, leasing, and acquisitions. They are both well-respected members of our industry and adding them to our talented team has me excited about the future of our business.”
