Alexander & Baldwin Names Jerrod Schreck President of Grace Pacific
April 29, 2019 at 09:28 pm
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Alexander & Baldwin has named Jerrod Schreck president of Grace Pacific, LLC., an A&B subsidiary and Hawaii's larger construction materials company and paving contractor. Schreck succeeds Pike Riegert, who resigned from the position to pursue other opportunities, effective immediately. Schreck will also continue to serve as senior vice president, land stewardship for A&B, overseeing the company's renewable energy and resource conservation efforts.
Alexander & Baldwin, Inc. (A&B) is a real estate investment trust (REIT). The Company is focused on owning, operating, and developing commercial real estate. The Company operate through two segments: Commercial Real Estate and Land Operations. The Commercial Real Estate segment functions as a vertically integrated real estate investment company with competencies in investments and acquisitions, including identifying opportunities and acquiring properties; construction and development, including designing and ground-up development of new properties and in-house leasing and property management. The Land Operations segment includes the Company's landholdings, assets, and liabilities that are subject to the Company's simplification and monetization effort. It owns, operates, and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142 acres of ground leases.