Covington Capital Rebrands to Covington Group, Inc. and Announces Promotions and New Hires to Begin 2013

DALLAS--(BUSINESS WIRE)--Real estate investment and development firm Covington Capital recently renamed the company to Covington Group, Inc. and relocated the company headquarters to Dallas, Texas. The name change also comes with a new website (www.covingtongroupinc.com) and a new positioning in the market to better showcase the boutique firm’s experience and focus in the industrial sector.

“I am looking forward to helping the company continue to grow and execute on exciting new opportunities”

Along with the re-brand efforts, Covington announces several promotions and new hires. “2012 was a year of growth and expansion for our business and the new additions to our staff reflect our belief in the improvement in market conditions,” says President and Chief Executive Officer Kenneth Sheer. After seven years with the company, Mark Milakovich has been promoted to Executive Vice President and Chief Operating Officer. “I am looking forward to helping the company continue to grow and execute on exciting new opportunities,” notes Mr. Milakovich. Additionally, Michael D. Skunda has been promoted to Senior Vice President after four years with the company and will assume the lead role in the acquisition of industrial projects throughout the country.

Covington also announces new hires to support the expansion of the firm’s investments throughout the United States. Formerly with ProLogis, Darin Manning joins Covington as Vice President of Acquisitions bringing two decades of commercial real estate experience that encompasses sourcing/origination, underwriting, leasing, acquisitions, dispositions, development, entitlement services, financing, and asset management. Andrew Evans joins the Dallas office as a Senior Analyst, supporting Covington’s underwriting and diligence efforts.

“Darin and Drew both add a great deal of talent and depth to our team, positioning us well for a successful 2013,” remarks Mr. Sheer.

About Covington Group, Inc.

Covington Group, Inc. (CGI) is an entrepreneurial real estate development and investment company that focuses on complex, creatively financed projects across the United States. The partners have more than 80 years of combined industry experience and have developed or redeveloped over 25 million square feet of commercial and industrial property. The collective resume includes build-to-suit and spec warehouses, retail, office, hotels and master planned communities. CGI targets investments ranging from $5 to $50 million and specializes in projects that involve the redeveloping and/or repositioning of Class B & C commercial and industrial assets. CGI and its affiliate companies currently own more than 9,000,000 SF of commercial/industrial space and are actively developing more than 12,000 acres of land in the western United States.