Thomas Pedulla joined Gordon Brothers as president of real estate. In this role, Pedulla will lead the growth and expansion of Gordon Brothers’ real estate group.
Pedulla most recently served as portfolio manager and managing partner of BentallGreenOak, a global real estate investment advisor that is majority owned by Sun Life Financial.
“Commercial and industrial’s real estate solutions have long been an important part of our overall C&I success. I look forward to the addition of Tom and to continue offering our clients multi-asset solutions,” Bob Maroney, president of commercial and industrial at Gordon Brothers, said.
Mark Dufton, who has served as CEO of real estate for Gordon Brothers since February 2012, was involved in the recruitment of Pedulla and will continue as a senior advisor to the business.
“Tom has vast experience in all areas of commercial real estate, which is in lockstep with Gordon Brothers’ efforts to be an experienced partner for clients and guide them through critical transactions,” Dufton said. “He also brings an investor perspective to the role, which will aid the expansion of the investment platform for real estate.”
“We look forward to Mark’s continued engagement with Gordon Brothers,” Ken Frieze, CEO of Gordon Brothers, said. “Mark has successfully led and grown our real estate business and sought ways to mend or improve clients’ real estate affairs. I greatly appreciate his dedication to Gordon Brothers for well over a decade.”
Pedulla will also oversee Gordon Brothers’ alliance with Jones Lang LaSalle (JLL), an alliance cemented in February 2019 and now entrusted by operators across the globe to handle real estate rightsizing and inventory challenges. Pedulla will be based in the firm’s Boston office.
Gordon Brothers is a provider of retail, commercial and industrial valuation, operations, investment and disposition solutions for inventory, equipment, brands and real estate. The expansion of the real estate group will enable Gordon Brothers to support more clients seeking real estate-specific and cross-platform transactions.
Gordon Brothers’ lease valuation, mitigation, restructuring and termination services will continue to support tenants in their efforts to reduce real estate costs. Fee-owned property solutions will expand to include more opportunistic acquisitions and dispositions of all property types in restructuring circumstances. Pedulla will build on the work of Gordon Brothers’ existing team, which has performed more than $6 billion in real estate transactions spanning single- and multi-asset properties around the globe.
“As companies increasingly seek informed assessments of their real estate portfolios and cost-efficient opportunities to manage their lease obligations, Tom’s 30-year track record as both an on-the-ground real estate expert and high-level strategic thinker will help to elevate our partnerships with our clients and partners,” Frieze said. “We cannot overstate the importance of Tom’s role and the excitement we have for building out our service offerings in the real estate industry.”
“Gordon Brothers has a strong reputation as a close partner for clients, managing all projects solidly through execution and providing the expertise developed from years of managing complex transactions,” said Pedulla. “I am enthusiastic about augmenting the team’s existing work and helping to shape the company’s real estate investment endeavors.”