Gilbane Development Company, the Providence, Rhode Island-based real estate development and asset management arm of Gilbane Inc. announced the appointment of James Patchett as its new president and CEO.
Patchett previously served as partner in the real Estate practice at McKinsey & Company and as president and CEO of the New York City Economic Development Corporation. Earlier in his career, he served as CEO at A&E Real Estate, a vertically integrated real estate management and investment firm, and was vice president in the Urban Investment Group of Goldman Sachs.
Patchett will succeed Edward Broderick, who was recently appointed CEO of Gilbane Inc. and served as president of Gilbane Development since January 2014.
“We are thrilled to welcome James to the Gilbane team,” said Broderick. “His track record of creative development projects and investments in cities across the country will be instrumental in driving the next chapter of Gilbane Development’s growth. James has a collaborative approach, prioritizes working with communities and inspires teams, which will foster a culture of innovation and excellence at Gilbane Development. We are confident that James’ leadership will drive substantial growth while maintaining our core values and will build on Gilbane’s role as an innovative and trusted partner in reshaping communities across the country.”
