DALLAS (Sept. 5, 2024)— KDC, one of the nation’s leading real estate development and investment firms, has promoted Eric Hage to president. Hage succeeds Toby Grove, who will continue to serve in an advisory role as vice chairman of KDC’s board of directors.

Hage joined KDC three years ago as the company’s executive vice president of development. In that role, he has been responsible for new business strategies involving the company’s core businesses, including office, industrial and data center development. During his two-decade career in the commercial real estate industry, Hage has been involved with multiple high-profile developments throughout Dallas-Fort Worth and nationwide.

Going forward, Hage, along with KDC Chief Investment Officer Scott Ozymy and Chief Financial Officer Mike Kaufman, will form a new KDC Management Operating Committee to oversee all day-to-day operations, as well as all development, financial and transactional activities.

In addition to Hage’s promotion, Bret Creel and David Fisk, current senior vice presidents, are now executive vice presidents, joining the design and construction leadership team.

Lastly, IT manager Richard Bryant has been promoted to vice president of information technology. In this leadership role, Bryant will focus on using new technologies to enhance project scheduling, procurement and overall communications.

“We’ve spent the past 35 years building KDC into a reliable and respected commercial real estate developer, owner and buyer,” said Steve Van Amburgh, KDC executive chairman. “These promotions are the direct result of excellent leadership and diligent work on behalf of our clients, ensuring KDC continues to deliver great service. Together with our board, the leadership team has mapped out strong plans for future success. Toby and I look forward to transitioning these new leaders into their very important roles.”

“These leadership promotions will serve to strengthen KDC’s operations and prepare the company for the future. KDC is in a great position to take advantage of opportunities in today’s environment,” Grove said. “We believe that Eric and the team offer in-depth experience and on-the-ground know-how to continue providing KDC clients exemplary services, setting the course for decades to come.”

KDC’s current development projects include the Bank of America Tower at Parkside in Uptown Dallas; the new Wells Fargo office campus in Irving, Texas; a distribution center for Oncor Electric Delivery Company in Midlothian, Texas; and a JPMorgan Chase operations center in Ruston, Louisiana.

“Steve and Toby have built a phenomenal company with a client-first mentality resulting in some of the nation’s highest-profile corporate campuses, headquarters and projects,” Hage said. “Together with the KDC team, we will build on this success by expanding our resources and services, while continuing to be a premier office, industrial and data center developer.”