DALLAS--(BUSINESS WIRE)--Lincoln Property Company (“Lincoln”), a global, full-service real estate firm, today announced the appointment of real estate executive Jared Toothman to lead the company’s New York City market as Executive Vice President and Market Leader. In this role, Mr. Toothman is responsible for leading and growing the company’s full platform of real estate services across New York City, including acquisitions, development, capital markets and project management, as well as third-party leasing and property management. He reports to Lincoln Co-CEOs Clay Duvall and David Binswanger.
“As Lincoln activates on its business strategy leveraging our recent capitalization, we are focused on driving growth in key markets globally, and as the real estate capital of the world, New York City is at the top of the list,” said Mr. Duvall. “We’re thrilled to have a leader of Jared’s background and caliber join our leadership team to help implement our ambitious growth plan.”
Mr. Toothman joins Lincoln from Vornado Realty Trust where he was a Senior Vice President overseeing acquisitions, development, and capital markets functions for office, retail, residential and hotel properties held by the REIT and Vornado Capital Partners, a real estate private equity fund.
At Vornado, Mr. Toothman helped assemble, capitalize, and execute a number of prominent projects in New York City including 350 Park Avenue, a 1.7 million square foot office development joint venture; 220 Central Park South, a 620,000 square foot condominium project that broke national sales records; and 1535 Broadway, a redevelopment of the retail and signage at the ~2,000 key Marriott Marquis in Times Square, which now features the largest digital sign in NYC.
"Launching and leading the New York City office for a premier national development and property management firm, now armed with the resources to compete effectively at scale in this global real estate hub, is an opportunity I had to seize,” said Mr. Toothman.
Prior to Vornado, Mr. Toothman was an Associate Director at Eastern Consolidated, a commercial real estate investment sales firm based in NYC. He started his career as an Analyst with Bear Stearns. Mr. Toothman holds a BA in Economics from Duke University, and an MBA from Columbia Business School. He is a Board Member of the Columbia Business School Real Estate Circle.
About Lincoln Property Company
Lincoln Property Company (“Lincoln”) is one of the nation’s largest diversified real estate services companies with thirty-five offices across the globe. Founded in 1965, Lincoln's combined management and leasing portfolio on behalf of institutional clients includes more than 470 million square feet of commercial space. Offering a comprehensive suite of real estate solutions, Lincoln manages, leases, develops, and provides advisory services to owners and occupiers of office, life science, retail, industrial, data center, production studio, and mixed-used residential properties throughout the United States, United Kingdom, and Europe. In addition to providing third party real estate services, Lincoln has principally acquired and developed more than $24 billion and 62 million square feet of commercial projects since 2018. For more information, visit: www.lpc.com.