Denholtz Properties’ headquarters at 116 Chestnut St. in Red Bank — Courtesy: Denholtz Properties
By Joshua Burd
Denholtz Properties has bolstered its in-house development and construction teams with three new hires, as it looks to manage and grow its pipeline of projects in the region.
The Red Bank-based firm announced Monday that Steve Lidster has joined its ranks as director of development. He comes to the company from Madison Marquette’s Asbury Park office, bringing a diverse background in engineering and real estate to his new role.
Also joining Denholtz are Charlie Cleary and Jon Pierce as general superintendent of construction and assistant superintendent of construction, respectively.
“At the heart of Denholtz Properties lies a commitment to strategic, community-oriented development,” said Steven Denholtz, CEO of Denholtz Properties. “By establishing the director of development position and bringing Steve on to lead our team, we are reaffirming this commitment and are enhancing our development capabilities to better realize value through visionary development projects across New Jersey.”
As the firm’s director of development, Lidster will work directly with Denholtz and the firm’s internal construction, marketing and leasing teams to streamline and bolster its in-house development capabilities, according to a news release. He will work to identify emerging opportunities within the firm’s target development markets and will oversee its existing pipeline of projects throughout New Jersey.
Those developments include a flex industrial project in Tinton Falls and a redevelopment at Fort Monmouth, along with a repositioning of its North Gold Drive property in Robbinsville and a flex industrial building in Hamilton.
As a development manager with Madison Marquette, Lidster oversaw retail and residential projects in New Jersey. He has also served as a development manager with Advance Realty and a real estate project manager with The Briad Group.
Cleary, Denholtz’s new general superintendent of construction, brings six years of experience as a superintendent with The O’Mara Organization Inc. in New York City, the news release said. He and Pierce will work closely with other members of the Denholtz construction and development teams on a range of projects throughout the firm’s New Jersey portfolio.
The new hires mark the latest expansion of the company’s construction and development teams, the firm said. Denholtz earlier this year tapped industry veteran Chris Guderian, a former project manager with Structure Tone, to serve as director of construction.
Since then, the firm’s construction and development teams have implemented a host of technologies and processes aimed at increasing profitability and efficiency from project inception through construction, lease-up and ongoing management, the news release said. The steps have also allowed the company to easily adapt to the construction and development challenges presented by COVID-19.
“Over the past year we have taken significant strides to not only grow our development pipeline but enhance the operational aspects of our business that underpin our ability to execute these ambitious projects,” said Stephen Cassidy, Denholtz’s president. “A key piece of this equation is ensuring our development and construction teams have the leadership and resources they need to approach this exciting period in our company’s history. Looking at the team we have assembled today, I am confident that we have built one of most agile and experienced construction and development teams in the industry.”