Thomas & Mack Development taps president
October 15, 2007 - 9:00 pm
Richard E. "Rick" Myers, a Las Vegas real estate veteran with nearly 20 years experience, has been named president of the Thomas & Mack Development Group.
Meyers is replacing Robert "Tim" Snow, who retired this summer.
Thomas & Mack Development Group is one of the valley's high-profile real estate companies with 3 million square feet of retail, office and industrial projects to its credit. The company has developed business parks such as the Las Vegas Tech Center II, McCarran Center I and II, Blue Diamond Industrial Park, and Eastgate Plaza.
Myers is a Los Angeles native and graduate of the University of Southern California, where he played quarterback for the Trojans football team. His gridiron experience taught him the value of persistence, discipline and teamwork. Myers also learned to think on his feet. Those lessons subsequently shaped his leadership style.
"Rick brings a high level of professionalism to the company," said Frank Martin, president of Martin-Harris Construction, a Las Vegas-based contractor responsible for building several Thomas & Mack developments. "His management approach emphasizes a strong sense of teamwork between project participants."
Myers migrated to Southern Nevada in 1994 after accepting a position as senior vice president with The Howard Hughes Corp. Myers soon learned the local market inside and out. He would eventually oversee the company's leasing, sales, development and management duties, conducting over 200 real estate transactions during his seven-year tenure. Myers later left for Marnell Properties before landing at Thomas & Mack Development Group in July 2003. Myers was groomed as the next company president from Day One.
"Rick has become the conscious for the valley's commercial development industry," said Tony Dazzio, 2007 president of National Association of Office and Industrial Properties, Southern Nevada chapter. "He has helped us identify, define and tackle industry problems by bringing together fine minds in order to come-up with solutions."
Myers served as local NAIOP president in 2004, and remains on its board of directors. He is known within local real estate circles as a knowledgeable, practical and savvy operator.
"Rick has been a great asset to NAIOP. He is one of our most active and insightful board members," said John Restrepo, principal of Restrepo Consulting Group and president-elect of NAIOP. "It's great to see the Thomas & Mack Development Group finally recognize Rick's outstanding leadership abilities by naming him company president."
Myers is already busy, with eight buildings under construction throughout the valley totaling 595,195 square feet. Thomas & Mack will build nearly $40 million worth of projects this year, including six buildings at the 400-acre Beltway Business Park along the southern Interstate 215 Beltway between Decatur and Jones boulevards. The massive mixed-use, master-planned complex is a joint-venture development with Majestic Realty Co. Plans call for 55 retail, office and industrial buildings combining for 5.86 million square feet. The project is tentatively expected to reach build-out by 2012.
Thomas & Mack is also building the 1.92-million-square-foot Northern Beltway Industrial Center at Range Road and El Campo Grande Avenue in North Las Vegas, just east of the I-15/215 interchange. The 97-acre project will consist of seven big-box industrial buildings from 145,600 square feet to 500,000 square feet in size. Martin-Harris Construction is finishing the first phase consisting of two buildings with a combined 422,054 square feet. Although it's expected to open in November, the Northern Beltway Industrial Center won't reach build-out by late 2008.
Myers oversees a small but seasoned group of 10 employees. And, much like his pigskin playing days, Myers is quarterback once again leading the Thomas & Mack team into the future by emphasizing team play.
"I'm fortunate to work with a great team of professionals," said Myers, who plans to take a balanced approach toward future development. "I've seen what our team can do. We have the experience for a very productive future."
This story first appeared in the Business Press. Tony Illia writes for the Review-Journal's sister publication and can be reached at tonyillia@aol.com or at303-5699