Stiles Promotes Jeff McDonough to Lead Multifamily Real Estate Division
Posted on 9/2/2015Stiles is pleased to announce the promotion of Jeff McDonough to president of Stiles Residential Group (SRG), the company's residential development and investment services division. In this new capacity, McDonough manages and directs day-to-day operations of the division, including oversight of project conceptualization and execution. SRG currently has projects in various stages of design and development with a cost in excess of half billion dollars. Based out of Stiles' Fort Lauderdale corporate office, McDonough is also focused on developing new business opportunities to further expand SRG's presence throughout Florida, North Carolina and other strategic locations in the Southeast.
"Jeff's experience leading the development of some of our most successful real estate projects combined with his excellent leadership and management skills provides a strong foundation for the further growth of SRG," said Stiles President Doug Eagon. "This promotion is in recognition of Jeff's past, present and future contributions to SRG, which we anticipate will continue to be a large part of our development pipeline going forward."
Since joining Stiles in 2005, McDonough has been instrumental in several significant development projects and held roles of increasing responsibility. Most recently, he led Stiles' efforts, in partnership with Hensler Development Group, in the development of the recently completed Twelve|Twelve, a 23-story, 286-unit, ultra-luxury condominium project in Nashville, TN. Originally developed as a luxury rental apartment, this LEED certified project was converted to a condominium during construction.
Previously, McDonough oversaw all aspects of One Plantation, a 321-unit, high-rise, luxury apartment project located in Plantation, FL. He also served as the owner's representative for Centra, a 198-unit townhome project located in Boca Raton; and West Marine's 50,000-square-foot flagship retail store in Ft. Lauderdale, the largest in their chain. "I am excited to lead our talented residential team and help build on the success we have enjoyed in Florida, North Carolina and Tennessee," said McDonough. "We believe there is significant opportunity for growth throughout these markets and will be heavily focused on continuing to foster the partnerships we have created in an effort to develop luxury multifamily projects in core locations."
McDonough was recognized as the Young Leader of the Year in 2012 by the Urban Land Institute (ULI) SE Florida/Caribbean District Council. He holds a master's degree in Real Estate and Urban Analysis from the University of Florida and a bachelor's degree in Accounting from the University of Richmond (Va.). He is a Certified Public Accountant (inactive), LEED Accredited Professional, and member of the ULI SE Florida District Council's Advisory Board. He also previously served on the City of Boca Raton's Zoning Board of Adjustment for a term of eight years.
Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. The company is responsible for more than 43 million square feet of office, residential, industrial, retail and mixed-use projects throughout the southeastern United States. In addition to its core services, Stiles founded the Stiles Property Fund in 2011 as a discretionary value-added real estate fund focused on existing distressed office and retail real estate in Florida. Headquartered in Fort Lauderdale, Stiles has built its footprint throughout Miami, West Palm Beach, Naples/Fort Myers, Tampa, Orlando, and Jacksonville, Florida. The company also maintains a development office in Charlotte, North Carolina. Learn more about Stiles at www.stiles.com or contact 954-627-9300.