Press Release brought to you by Tucker Development

Tucker Development Elevates Three to Senior Leadership Positions


As Firm Continues to Target Large-Scale, Mixed-Use Development, Each Executive Will Play Key Role


CHICAGO, Ill. (Dec. 22, 2014) Tucker Development, a leading fund manager and developer of shopping centers and mixed-use properties, today announced the promotion of three senior leadership positions, citing each individual’s contributions to the company’s ongoing strategy of targeting mixed-use development in the Chicago and New York metropolitan areas.


Effective immediately, the firm has promoted Rob Clark to senior vice president of development, Teresa Connors to senior vice president of asset management, and Jeff Glenner to vice president of development.


“As we continue to pursue exciting, large-scale, mixed-use development opportunities in high barrier-to-entry markets, the collective time-tested expertise of the senior management team will be instrumental to our success,” commented Richard Tucker, president and CEO of Tucker Development. “We are extremely thankful for the contributions of Rob, Teresa and Jeff, and we look forward to continued growth as they assume their new posts.”


Rob Clark, an active member of the International Council of Shopping Centers (ICSC) and the Urban Land Institute (ULI), has been with Tucker Development since 2004, facilitating acquisitions, entitlements and development throughout the company’s growing portfolio.


“During my 10 years at Tucker Development, we have honed our focus to urban development and mixed-use projects,” Clark said. “In 2015 alone, we will deliver two sizeable projects that approach a million square feet, to include 300,000 SF of retail and over 400 rental apartments. As SVP of development, I look forward to leading these development activities while pursuing additional opportunities on par with those currently underway.”


Teresa Connors joined Tucker Development 2001, and was quickly promoted to vice president of property management in May 2003. Since then, she has led day-to-day asset management activities, while also coordinating due diligence for potential acquisitions and dispositions. Connors, also an ICSC and ULI member, focuses on the firm’s Illinois retail and growing NJ mixed-use portfolios.


“Since joining Tucker Development, I’ve been pleased to be a part of the firm’s rapid growth and expansion,” Connors said. “The company has been able to meet the challenges of an evolving real estate industry, identifying new opportunities in underserved markets. It is exciting to be part of a team that has had the vision and foresight to develop these projects, and I look forward to our landmark projects moving from the development phase to the operational stage.”


Jeffrey Glenner, who joined the firm in 2008, most recently served as development director, responsible for the development and entitlement process including market analysis, site selection, project evaluation, financial analysis and documentation. Glenner has been intimately involved not only in Tucker Development’s retail expansion in Illinois, but also in new construction in the company’s flagship mixed-use projects in New Jersey.


“During my time at Tucker Development, we have focused our efforts on mixed-use projects in urban markets with high barriers-to-entry,” Glenner said. “As Vice President Development, I look forward to continuing to foster urban revitalization through responsible development of mixed-use, transit-oriented projects in the Chicagoland area as well as select East Coast markets.” 


Currently, in Fort Lee, N.J., Tucker is developing Hudson Lights, a one-million-square-foot, mixed-use redevelopment located at the entrance to the George Washington Bridge. Construction is underway on Phase I, which will feature approximately 143,000 square feet of retail space and 276 luxury apartments. Hudson Lights’ lead tenant, iPic, is building an eight-screen, 533-seat luxury movie theater and its award-winning dining concept, Tanzy.


In Newark, N.J., Tucker is developing Springfield Avenue Marketplace, one of New Jersey’s most highly anticipated urban, mixed-use developments. When complete, Springfield Avenue Marketplace will feature 125,000 square feet of retail space anchored by ShopRite, as well as 152 residential apartments, and is poised to play a key role in Newark’s continued resurgence as well as serve as a significant job creator.


About Tucker Development

Tucker Development, founded by Richard H. Tucker in 1996, is a leading developer and manager of shopping centers and mixed-use properties in key Midwest and East Coast barrier-to-entry markets. The company pursues mixed-use and retail-related real estate investments that provide an opportunity to enhance value through development, redevelopment, repositioning and recapitalization. Tucker Development Corporation’s development, management and leasing portfolio exceeds five million square feet and continues to grow through the company’s development and acquisition activity.


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