December 2, 2020 [DETROIT] – Bedrock, Detroit’s largest real estate developer, today announced that Catherine Clark will join the company as its first Chief Investment Officer (CIO) beginning December 7, 2020.
As CIO, Clark will be responsible for developing Bedrock’s investment strategy and will lead company initiatives related to investment policy, acquisition opportunities and securing debt and equity. Additionally, she will be responsible for supporting Bedrock as it continues to navigate the COVID-19 pandemic and provide ongoing tenant support.
“Cathy’s years of experience in real estate and investment, along with her decades of experience in the Southeast Michigan market, made her a wonderful fit for Bedrock,” said Kofi Bonner, CEO. “She is an extremely strategic and intelligent thinker, and her drive, combined with her love for both Detroit and real estate, will help push our developments and continue to deliver positive outcomes for the city that align with our company goals.”
Clark is a 37-year real estate veteran with an extensive background in capital allocation, financial and operational intelligence. Most recently, she co-founded CCR Partners, an advisory and consulting firm focused on commercial and real estate solutions. She previously led investment strategy at RPT Realty, a NYSE company, where she worked for 22 years, and most recently served as Executive Vice President Transactions.
She is also a member of the Advisory Board of the Marshall Bennett Institute of Real Estate, Roosevelt University, Chicago, IL, serving on the Curriculum Committee. A home-grown Michigander, Clark volunteers in the Beaumont Hospital Neonatal Intensive Care Unit (NICU) and served on the Oakland County Literacy Council. She is a member of ULI and ICSC.
“I am honored and excited to be working with Bedrock to expand on the achievements of Dan Gilbert and team,” said Cathy Clark. “I am confident that we will continue to execute on projects that build on the progress and energy that Detroit has experienced over the past 10 years.”
Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates have invested and committed more than $5.6 billion to acquiring and developing more than 100 properties, including new construction of ground up developments in downtown Detroit and Cleveland totaling more than 18 million square feet.
Bedrock’s real estate portfolio consists of 210 office tenants and 125 retailers and restaurants in Detroit’s technology-centric downtown, the majority of which are new to the market. Key office tenants include Coyote Logistics, IBM, Microsoft, Quicken Loans, LinkedIn, StockX, Universal McCann, UBS, Ally Bank’s national headquarters and Fifth Third Bank’s regional headquarters. Key retail tenants include H&M, Plum Market, The Lip Bar, 6 Salon, Lululemon, Shake Shack and countless others.
Bedrock is currently developing four transformational projects including the Hudson’s Site, Monroe Blocks, Book Tower renovation and One Campus Martius expansion. Bedrock is also undergoing construction of City Modern, a community development in Detroit’s Brush Park neighborhood. Partnering with Detroit-based Shinola, Bedrock developed the world’s first Shinola Hotel on Woodward Avenue, which opened in early 2019.
Bedrock is dedicated to creating jobs for Detroiters and investing in job training. Over the last year, the company has invested in both the Randolph & Breithaupt Career and Technical Centers to build a pipeline of talent for Detroit’s growing economy.
Creating unique experiences through real estate is Bedrock’s mission. To make this a reality, Bedrock and its affiliates continuously invest in significant public art installations and placemaking initiatives throughout the city.
Click here to view a complete timeline of Bedrock and the Rock Family of Companies’ engagement within the Detroit community.