SOURCE: Developers Diversified Realty

August 28, 2006 13:59 ET

Developers Diversified Realty Welcomes New Vice President of Development Leasing

BEACHWOOD, OH -- (MARKET WIRE) -- August 28, 2006 -- Erik Christopher has been appointed vice president of development leasing at Developers Diversified Realty (NYSE: DDR). This position has been created to serve as a liaison between the development and leasing departments for the Beachwood, Ohio-based real estate investment trust.

In this role, Mr. Christopher will be responsible for managing the leasing effort for Developers Diversified's growing development pipeline. He will also be actively involved with tenant accounts through the Company's National Tenant Account Program.

Developers Diversified's expanding development pipeline was the primary reason the new position was created. "Now more than ever, we need effective interaction with our retail clients," said Tim Bruce, executive vice president of development. "Erik will coordinate leasing efforts for our development projects, which total nearly 15 million square feet. He will help us maximize efficiencies and continue to provide excellent customer service for our retail partners."

Mr. Christopher most recently worked for Pennsylvania Real Estate Investment Trust (PREIT), where he was vice president of leasing. Prior to that, he was vice president of leasing and development at Newman Development Group. He also has experience on the retail side of the real estate business, having worked in the real estate department of Gap, Inc. as a senior real estate representative covering the Northeast.

"Erik's 14 years' experience working as a retail and real estate professional will serve him well in this new role. He is very well known in the tenant community, is very sensitive to the leasing and development process, and understands retail through his time with Gap," said Mr. Bruce.

Mr. Christopher will be relocating to the Cleveland area with his wife and children. His employment commenced with Developers Diversified on August 28.

Developers Diversified is the nation's leading owner, developer and operator of market-dominant community shopping centers. The company's portfolio includes approximately 500 operating and development retail properties in 44 states and Puerto Rico, totaling approximately 115 million square feet. The company is a self-administered and self-managed real estate investment trust (REIT). More information about Developers Diversified is available on the Internet at www.ddr.com.

Contact Information

  • Contact:
    Scott R. Schroeder
    Vice President of Marketing and Corporate Communications
    Developers Diversified Realty
    216.755.5500