Edwards joins MCRE Partners as senior managing director
Manhattan, NY Bill Edwards, has joined MC Real Estate Partners LLC (MCRE), a privately-held owner/operator/developer of office and multifamily properties in the New York, Boston and Washington, D.C. metro areas as senior managing director. Edwards, recognized as one of the industry’s foremost professionals in asset management – specifically repositioning commercial assets to unlock potential in underperforming properties – will focus on asset management and acquisitions.
“Bill’s deep operating and repositioning expertise will be pivotal in supporting our partners amid the market’s dramatic value reset especially for office properties,” said Steve Grant, co-founding managing principal of MCRE. “Bill brings world-class redevelopment, portfolio and asset management capabilities that will help us achieve outsize returns for our investor partners.”
Edwards is recognized for developing and executing some of New York City’s most iconic redevelopment and re-tenanting programs.
Most recently, he served as executive vice president at Rockefeller Group, where he led the market positioning for the company’s 6 million s/f New York City office portfolio. His projects included the $650 million repositioning of 1271 Avenue of the Americas, transforming it from full vacancy to 100% occupancy through over 2 million s/f of office and retail space, as well as the renovation and modernization of the Sixth Avenue Public Plaza at 1221 Avenue of the Americas.
Prior to Rockefeller Group, Edwards was vice president of asset management at Blackstone’s Equity Office Properties, and previously vice president at The Carlyle Group, where he led the repositioning of premier Manhattan assets, including 3 Bryant Park, 229 West 43rd Street (the former New York Times Building), and 650 Madison Avenue. His oversight of these properties contributed to record-breaking sales, including the $2.2 billion transaction of 3 Bryant Park and the $1.3 billion disposition of 650 Madison.
A licensed professional engineer, Edwards began his career at Tishman Realty and Construction.
“Bill is able to both conceive and execute strategies that improve asset performance, values and tenant experience and engagement,” said Andy Nathan, co-founding managing principal of MCRE. “We’re confident that Bill will make significant contributions to our portfolio today and in the future and we’re thrilled to have him join our entrepreneurial platform.”
To start, Edwards will lead MCRE’s asset management of 866 UN Plaza, along with portfolio properties in New York and Boston.
“I am excited to work with Steve and Andy, to be part of the energetic and nimble platform they’ve created, and to contribute directly to building the portfolio as well as bringing dynamic strategies to the asset management of each property,” Edwards said. “I look forward to building the portfolio alongside property values and performance.”
Edwards received an MBA from Vanderbilt University and holds a Bachelor of Science in Architectural Engineering from Kansas State University. He is Board Member of Big Brothers Big Sisters of NYC.