Multi-Tenant Portfolio
10.3M
Square Feet
240
Buildings
40
Business Parks
9
States
1,400
tenants
Industrial Service Facilities Portfolio
11
Properties
6
States
80
Acres
Arden Group is a privately held, vertically integrated real estate company and fund manager focused on acquiring, developing, and managing high-quality real estate assets in the top 25 US MSAs and dynamic growth markets. Founded in 1989, Arden has acquired $7 billion of properties, asset managed $12 billion of commercial real estate assets and manages in excess of $2 billion in equity capital. Arden Group is headquartered in Philadelphia, with 10 offices including New York, Boston, Tampa, Miami, Dallas, and Newport Beach. Arden Group has been consistently ranked globally as a top performing Private Real Estate Fund Manager by both Cambridge Associates and Preqin including Preqin’s #1 global ranking in 2017, 2018 and 2019.
Established by Arden Group in 2021 as a best-in-class industrial real estate operating platform, Arden Logistics Parks specializes in the acquisition, improvement and property management of light industrial business parks and industrial service facilities. Our real estate investment business operates a geographically diverse portfolio of more than 10 million square feet of last mile facilities in highly sought-after urban infill locations throughout the United States.
Leadership Team
Craig A. Spencer
Chairman & CEO
SHIKE GOEDAR
President & CIo
Barbara Rea
Chief operating officer
PAMELA LARIN
Chief Financial Officer
Robert Timmons
Managing Director of Asset Management
Jackie Dalsimer
Director of
Property Management
Brian Nath
General Counsel,
Outside
Joseph S. Caruso
IC Member & Arden Group COO
Richard Pietropoli
Managing Director,
Construction Management
Susan Butterweck
Director, Human Resources and Compliance
Ms. Butterweck has been with Arden since 1998 and has 18 years experience in real estate and human resources. Prior to joining Arden, she worked for Kreitler Financial Associates, an independent financial planning firm affiliated with Raymond James Financial, and the Institute for Scientific Information. Susan heads the Human Resources department.
Greg Strickland
Managing Director, IT
B.S. in Construction Management from Bradley University
JONATHAN COOKE
DIRECTOR, ASSET MANAGEMENT
Mr. Cooke joined Arden in 2019 to assist with acquisitions and asset management for industrial properties. Previously, Mr. Cooke spent seven years at Amstar, a Denver-based real estate private equity firm, where he was responsible for underwriting acquisition and development opportunities and managing a portion of the firm’s portfolio across multiple product types. Mr. Cooke earned a BS in Commerce and an MBA from the University of Virginia.
CHRISTIAN VERGILIO
DIRECTOR, ACQUISITIONS
Mr. Vergilio joined the Arden Group in 2017 to assist the development of the company’s newly-formed debt platform. Prior to joining Arden, Christian worked at Angelo, Gordon & Co., as a member of the Acquisitions Team in the Net Lease Strategy vertical, where he was responsible for underwriting industrial, office and mixed-use transactions. During his tenure transacted on investments in excess of $400 million across industrial and office transactions.
Christian earned his B.B.A. from Villanova University where he graduated with a major in Finance and Real Estate and was also a captain of the Men’s Rowing Team. Christian was the Bartley Medallion recipient for Real Estate which is awarded annually by the faculty of the school to one member of the class in recognition of outstanding achievement in a specific discipline. He is also a frequent guest lecturer and an active member of the Daniel M. DiLella Center for Real Estate at Villanova University.
TENESHIA MITCHELL
ASSISTANT CONTROLLER
Teneshia Mitchell joined The Arden Group in 2013 as a Senior Property Accountant to fulfill the accounting requirements of financial management for various portfolios, prepare and ensure the accuracy of all ledgers, accounts, budgeting, and general monthly expenses.
Prior to joining Arden, she worked at Campus Apartments INC for five years serving as an Accountant overseeing multiple residential sites and assisting site managers with budgets, financials, onsite collections with residents.
Teneshia graduated from The Lincoln University of PA with a Master of Science in Business Human Resource Management in 2016, and Millersville University of PA with a Bachelor of Science degree in Accounting in 2007.
CLARK StRAUBE
Construction Manager
Mr. Straube joined Arden Group as the Construction Manager for Arden Logistics Parks. Prior to joining Arden, Mr. Straube was the Director of Capital Improvements at Berger Rental Communities, focusing on Multifamily Capital Improvement Projects. Prior to Berger, Mr. Straube was a construction manager for the mid-Atlantic at Harbor Group Management. Before being in the multifamily sector Clark spent 10 years in the construction field in both high end residential and commercial markets. Clark earned his BFA in Interior Design and Executive MBA from the Rochester Institute of Technology.
PAUL DERKITS
SENIOR CORPORATE REAL ESTATE ACCOUNTANT
Paul Derkits joined Arden Logistics Parks in 2022 as a Senior Corporate Real Estate Accountant. Prior to joining Arden, Paul was a Lease Accounting Analyst for Blackstone-backed Link Logistics. He also acted as Senior Accountant for a family-owned real estate investment and property management company located in the suburbs of Philadelphia.
Paul received a Bachelor of Science in Business Administration with a concentration in Accounting from Monmouth University and is an active CPA.
Tenant Centric
We cater to the needs of small businesses, whether they are expanding or contracting. To us, relationships matter.
Market CENTRIC
We focus on transit-oriented markets with key business drivers to ensure our properties are centrally located for our tenants.
People CENTRIC
We hire and retain knowledgeable industry experts who care about our properties and our tenant’s experience.
Strategies
Arden Logistics Parks is a vertically integrated operating company, focused exclusively on the multi-tenant light industrial and industrial service facilities asset class.
We acquire, reposition and manage industrial business parks and industrial service facilities to support the local economies and to provide returns for our investors. Our tenants are mainly small to medium sized businesses with a focus on having a strong local presence in the surrounding community.
We provide ease-of-access to highly functional warehouse and office space to ensure our tenants have a home for their business that is functional, flexible and provides a strategically located environment where they can be successful.
The small to medium sized business are the backbone of our economy and make up more than half the workforce. Our strategy includes having move-in ready, functional and customizable spaces to allow our tenants to focus on their business and provide a collaborative space for their employees.
We pride ourselves on driving value to a crosspoint where logistics & properties meet.
Corporate Responsibility
Arden Logistics Parks is committed to being responsible investors, owners and operators by reducing our environmental impact where possible, fostering diversity and inclusion across our portfolio, upholding governance practices, and providing philanthropic support to our communities.
Environmental
We are committed to providing best-in-class building environments that are resource-efficient and emphasize the health and well-being of our employees, tenants, and visitors. Our environmental policies and best practices are designed to drive value through reducing operating costs, mitigating risk-exposure, and providing exceptional spaces for tenants. Upon acquiring an asset, we target property renovations that focus on reducing energy consumption and water usage.
Transitioning to LED lighting on tenant and spec improvements
Improving efficiencies of HVAC systems
Implementing drought tolerant landscaping
Governance
Establishing and implementing good governance policies is an integral part of our investment process and how we do business. We have a diverse and established Advisory Board that meets throughout the year to ensure transparency and governance.
Working for Arden Logistics Parks as an employee or a vendor, requires a commitment to honesty, integrity and ethical behavior as part of our Code of Conduct.
SOCIAL
Having a positive impact on the communities where we operate is core to our culture at Arden Logistics Parks. We are able to do this though supporting local non-profit organizations, by donating our warehouse space to the community and providing employees with volunteer opportunities.
This sense of connection to community building is such an integral part of our culture that one of the organizations we support was co-founded by Arden Group CEO, Craig Spencer. Mr. Spencer co–founded and is today the Co–Chairman of the Jon Bon Jovi (JBJ) Soul Foundation. The Foundation has worked to break the cycle of hunger, poverty and homelessness through developing partnerships, creating programs and providing grant funding to support innovative community benefit organizations. These efforts have resulted in providing more than 600 homes for homeless men and women and serving more than 60,000 meals through the Foundation’s Soul Kitchens.
Throughout the year, our properties host events that help support the community and connect the businesses with their greater community and to simply thank the tenants for all they contribute toward the local economies.
ESG FOCUS
Since inception, ESG has been fundamentally important to both our investment approach and company culture. We are deeply committed to incorporating continuous ESG improvements as we grow.
We believe sustainable growth is founded in the environmental, social and economic well-being of all stakeholders: our employees, communities, tenants and investors.
Enhance market reputation for customers and investors.
Enhance investment returns.
Reduce tenant property expenses even further.
Continue to promote employee attraction, engagement, and retention with an intentionally diverse workforce.
Reduce our social, financial, legal and environmental liability.
Continue to demonstrate goodwill and community betterment.
Arden Awards
