William Redican (left) and Michael Mortimer
By Joshua Burd
Velocity Venture Partners has appointed William Redican as chief financial officer and Michael Mortimer as senior vice president for asset management, the company announced.
The Philadelphia-based team, an industrial real estate private equity firm with properties in southern New Jersey, said the new hires bring decades of industry experience across a variety of asset classes and will help oversee management of its 8 million-square-foot portfolio and active pipeline of new acquisitions. Both join Velocity from The Goldenberg Group, a Philadelphia-based developer of retail, multifamily and student housing projects, where they spent 16 and seven years, respectively.
“We are thrilled to welcome Bill and Mike to the Velocity family as we continue to grow the size and reach of our industrial portfolio,” company founders Tony Grelli and Zach Moore said in a joint statement. “Their collective 60 years in CRE bring a wealth of experience to our team as we navigate an active market of acquisition opportunities and tenant demand.”
Prior to Goldenberg, where he was also CFO, Redican held roles at KPMG, Orleans Homebuilders and Iacobucci Homes, according to a news release. Like Grelli and Moore, he was born and raised in the area and obtained his bachelor’s degree at Drexel University.
Mortimer, for his part, served as head of asset management and accounting, as part of his seven years at The Goldenberg Group, the news release said. Previously, he worked in management positions at Brixmor and Madison Marquette.
