Carlo Caparruva Joins Crossroads Companies, LLC as Executive Vice President of Leasing
MAHWAH, N.J., March 26, 2013 - Carlo J. Caparruva has joined Crossroads Companies, LLC, as executive vice president of leasing services, announced Steve Hittman, the company's president and CEO. The Mahwah, N.J.-based company's portfolio encompasses approximately 700,000 square feet of grocery-anchored shopping centers and free-standing single net-leased properties.
In his new role, Caparruva will oversee all leasing activities related to Crossroads' development projects and existing portfolio, as well as third-party real estate services.
"Carlo's relationship with the retail and brokerage community, and his leasing expertise will be of tremendous value to Crossroads Companies," said Hittman. "He will be an integral part of our services."
As one of the region's leading owners/managers/leasing agents, Crossroads Companies' retail shopping centers are located throughout New Jersey and Rockland County, N.Y. The company is focusing on expanding its market presence in Central and Northern New Jersey as well as Rockland and Orange counties in New York.
Prior to joining Crossroads Companies, Caparruva served as a director with Fameco Real Estate, LP and as a principal and broker of record with Fidelity Properties, LLC. During the course of his career, he has closed nearly $1 billion in transactions totaling in excess of 6 million square feet. Caparruva is an active member of ICSC and chairman of the ICSC NJ PAC, and a graduate of Upsala College.
"Looking at Crossroads Companies' accomplishments to date, this is a very exciting time to join the company," said Caparruva. "I look forward to advancing Crossroads' outstanding reputation and track-record to help the company grow correctly with the right projects."
Crossroads was established in 2001 as a real estate development company specializing in supermarket-anchored shopping centers. The company is currently involved in a wide range of projects and assignments in Stony Point, N.Y., and Hackensack, Ramsey, West Milford, Hillsdale, Wyckoff, Somerset and Newton, N.J.