Ed Russo has been the President of Russo Development, a developer of industrial, residential, and mission critical real estate in New Jersey, since January 1, 2001. During the past fifteen years, Mr. Russo has transformed the business his father founded in 1969 into one of the most active development companies in New Jersey. Projects completed under his tenure include over 2 million square feet of mission critical space for various clients including JP Morgan Chase, NYSE Euronext, Credit Suisse, and Bloomberg. Mr. Russo has also overseen the development of built-to-suit industrial facilities for various clients including the Pepsi Bottling Group, Macy’s, and HD Smith. In addition to over 3 million square feet of commercial and data center projects in its pipeline, Russo has over 600 units of multifamily apartments under construction and another 2,000 units planned during the next 3 years.
As the company’s chief executive, Mr. Russo oversees all day-to-day operations including land acquisition, design/engineering, entitlements, construction, leasing, finance, and property management. The company’s accomplishments during Mr. Russo’s tenure include the strengthening of its core competencies and in-house capabilities, as well as its growth and expansion into new property types including data center and multifamily residential. With an aggressive acquisition strategy and over $150 million in development projects planned for 2016, Russo Development is well positioned for future growth.
Mr. Russo graduated from Lafayette College with a Bachelor's Degree in Economics and Business in 1999. He graduated Summa Cum Laude and earned numerous academic awards including honors recognition for his senior thesis titled “The 1990s REIT Boom; An Empirical Analysis of the Market Capitalization of Real Estate Investment Trusts.”
Mr. Russo has served on the Foundation Board of Hackensack University Medical Center, the Executive Board of the Northern New Jersey Council for the Boy Scouts of America, and the Foundation Board of The Arc of Bergen & Passaic. He is an active member of many business trade organizations including NAIOP, ULI, the Meadowlands Chamber of Commerce, and the New Jersey Chamber of Commerce.