January 17, 2019
Former Telos Group executive Matt Pistorio has joined Chicago-based developer R2 Companies as a principal, overseeing leasing for the firm’s four-million-square-foot Midwestern portfolio, Crain’s Chicago Business reported. Locally, Pistorio’s bailiwick will focus on Goose Island, where R2 has bought up hundreds of thousands of square feet for redevelopment.
R2 was among the first developers since the recession to bet on the future of Goose Island, Crain’s reported. However, it’s still working to prove its long-term vision for the 160-acre island as a destination for offices, small distribution centers and entertainment.
“I’m going to be drawing awareness to these projects,” Pistorio told Crain’s. As an example, he cited a 140,000-square-foot building at 1315 N. North Branch St. that R2 has been planning to redevelop into offices since buying it more than three years ago.
R2 “has a lot of true creative office opportunities that cannot be replicated,” Pistorio told Crain’s.
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