Vertically integrated, built for scale.

Arden Group is a privately held, vertically integrated real estate company and fund manager focused on acquiring, developing, and managing high-quality real estate assets in the top 25 US MSAs and dynamic growth markets. Founded in 1989, Arden has acquired $7 billion of properties, asset managed $12 billion of commercial real estate assets and manages in excess of $2 billion in equity capital. Arden Group is headquartered in Philadelphia, with 10 offices including New York, Boston, Tampa, Miami, Dallas, and Newport Beach. Arden Group has been consistently ranked globally as a top performing Private Real Estate Fund Manager by both Cambridge Associates and Preqin including Preqin’s #1 global ranking in 2017, 2018 and 2019.

Established by Arden Group in 2021 as a best-in-class industrial real estate operating platform, Arden Logistics Parks specializes in the acquisition, improvement and property management of light industrial business parks and industrial service facilities. Our real estate investment business operates a geographically diverse portfolio of more than 10 million square feet of last mile facilities in highly sought-after urban infill locations throughout the United States.

Multi-Tenant Portfolio

Industrial Service Facilities Portfolio

Leadership Team

CRAIG A. SPENCER
CHAIRMAN & Ceo

Mr. Spencer is the Chairman & CEO of Arden Group, established in 1989 as a fully integrated real estate company focusing on acquiring, developing, and managing high-quality real estate assets in the top 25 US MSA’s. 

Arden has acquired approximately $6 billion of properties and asset managed more than $11 billion of commercial real estate assets. Mr. Spencer is the Principal of Arden Fund Management, its real estate equity and debt fund management business with offices in Philadelphia, New York, Tampa, Miami, Minneapolis, and Newport Beach. Arden Group has been consistently ranked globally as a top performing Private Fund Manager by both Cambridge Associates and Preqin including Preqin’s #1 global ranking in 2017, 2018 and 2019. 

In addition to leading Arden, Craig has participated in several non-real estate ventures including the acquisition and subsequent sale of Admiralty Bank to Royal Bank of Canada in February 2003. He was also a founding board member of Anchor Commercial Bank based in Palm Beach, Florida.

Craig co-founded and co-owned the Philadelphia Soul Arena Football Team with Jon Bon Jovi, helping the team become the 2008 World Champions. In 2006 Craig and Jon established and are the Co-Chairmen of the JBJ Soul Charitable Foundation, which to date has provided 700 housing units along with educational programs to homeless men and women. The Foundation through its Soul Kitchens has served over 200,000 meals.

Mr. Spencer attended the University of Florida and earned a J.D. from Georgia State University College of Law. Craig is a licensed attorney who specialized in real estate, banking, and bankruptcy law. Craig is a research sponsor and frequent guest lecturer at the Zell/Lurie Real Estate Center at The Wharton School of the University of Pennsylvania and a member of the Georgia State Law School Board of Visitors.

SHIKE GOEDAR
President & Ceo

Mr. Goedar has worked with Arden since 2017 to form Arden’s industrial vertical and formally joined Arden in 2021. Prior to Arden, Mr. Goedar served in the investment group at NorthStar Realty Finance & NorthStar Asset Management (acquired by Colony Capital), where he worked on over $5bn in platform investments in private and public real estate companies and strategic joint ventures, including leading the REITs entry into the industrial sector. Prior to NorthStar, Shike was an investor in the US Real Estate team at Partners Group, and he started his career as an investment banking analyst at SunTrust Robinson Humphrey.

Mr. Goedar received an undergraduate degree in finance at Georgia State University and his MBA from New York University.

BARBARA REA
CHIEF OPERATING OFFICER

Ms. Rea joined Arden Group in 2021 as Chief Operating Officer of Arden Logistics Management. Prior to joining Arden, Rea was the Chief Operating Officer and founding team member for BKM Capital Partners, a $1.7B AUM light industrial fund manager, where she played a critical role in building the infrastructure, raising $750 million in institutional equity, creating a profitable operating platform and hiring more than 100 employees to build the business and brand. Rea had oversight of the ongoing business operations, including Investor Relations & Capital Raise, Asset Management, Property Management & Leasing, Human Resources, Technology and Marketing departments.

Rea graduated cum laude with a Marketing Communications degree from Drexel University in Philadelphia, PA where she still participates as a Mentor-In-Residence. Rea’s thought leadership on operational efficiency, culture creation, inspiring high performing teams and diversity and inclusion has been featured in many publications, podcasts, conferences and as guest lecturer at University of California, Irvine.

pamela larin
chief financial officer

Ms. Larin joined Arden Group in 2021 as Chief Financial Officer of Arden Logistics Management. Larin brings more than 10 years of finance and Real Estate fund related experience. She started her career at E&Y and held finance positions with Morgan Stanley, State Street and most recently with Blackstone-backed Link Logistics as Vice President, Accounting & Reporting. She has an accounting degree from Lehigh University and is an active CPA.

ROBERT TIMMONS
MANAGING DIRECTOR OF ASSET MANAGEMENT

Mr. Timmons joined Arden Group in 2021 as the Managing Director of Asset Management for Arden Logistics Management.  Prior to joining Arden, Mr. Timmons was a Director at Rialto Capital Management where he was responsible for the operational oversite and strategic execution of all owned assets within the industrial platform.  Portfolios managed by Mr. Timmons comprise over 25 million square feet in 11 markets with an aggregate market value of approximately $2.0 billion.  Additional professional activity includes various roles within investment banking, development, and appraisal/consulting.  

Mr. Timmons earned his BBA in Finance and Real Estate from Baylor University and an MBA with concentrations in Corporate Finance and Alternative Investments from Southern Methodist University.  He also holds the Chartered Financial Analyst (“CFA”) designation.

JOsEph S. CARUSO
IC MEMBER & ARDEN GROUP COO

Mr. Caruso has been a member of the Arden Group team since 1996 and has served as the firm’s CFO and now COO. He is an integral part of Arden Logistics Management Investment Committee. Mr. Caruso earned a B.S. in Accounting from St. Joseph’s University.

Brian Nath
General Counsel, Outside

Brian is a real estate attorney with Vos-IP and has been engaged by Arden as the firm’s Outside General Counsel since 2019. Prior to being engaged through Vos-IP as Outside General Counsel, Brian was an attorney at Cozen O’Connor and represented Arden for more than 5 years on matters including acquisitions, dispositions, financings, joint ventures, leasing, asset management and fund formation. In addition to representing Arden, Brian’s previous experience includes the representation of other private equity funds, family offices, public and privately held REITs and other investors and operators in connection with complex commercial real estate transactions involving office, industrial, hospitality, multifamily and retail properties. Brian earned his law degree and MBA from Temple University and a Bachelor of Science degree from Penn State University.

Susan Butterweck
Director, Human Resources and Compliance

Ms. Butterweck has been with Arden since 1998 and has 18 years experience in real estate and human resources. Prior to joining Arden, she worked for Kreitler Financial Associates, an independent financial planning firm affiliated with Raymond James Financial, and the Institute for Scientific Information. Susan heads the Human Resources department.

Greg Strickland
Managing Director, IT

B.S. in Construction Management from Bradley University

RICHARD PIETROPOLI
MANAGING DIRECTOR, CONSTRUCTION MANAGEMENT

Mr. Pietropoli has been with Arden Group since 1995 and has 29 years of hotel and office building operations and construction experience. He leads the operational due diligence team for all acquisitions and post closing, and oversees the ongoing property management and operations of all assets. Prior to joining Arden Group, Mr. Pietropoli worked with Servico Hotel Company and Ritz-Carlton Hotel Corporation. He earned an A.B.A. from Penn State University.

JONATHAN COOKE
DIRECTOR, ASSET MANAGEMENT

Mr. Cooke joined Arden in 2019 to assist with acquisitions and asset management for industrial properties. Previously, Mr. Cooke spent seven years at Amstar, a Denver-based real estate private equity firm, where he was responsible for underwriting acquisition and development opportunities and managing a portion of the firm’s portfolio across multiple product types. Mr. Cooke earned a BS in Commerce and an MBA from the University of Virginia.

CHRISTIAN VERGILIO
DIRECTOR, ACQUISITIONS

Mr. Vergilio joined the Arden Group in 2017 to assist the development of the company’s newly-formed debt platform. Prior to joining Arden, Christian worked at Angelo, Gordon & Co., as a member of the Acquisitions Team in the Net Lease Strategy vertical, where he was responsible for underwriting industrial, office and mixed-use transactions. During his tenure transacted on investments in excess of $400 million across industrial and office transactions.

Christian earned his B.B.A. from Villanova University where he graduated with a major in Finance and Real Estate and was also a captain of the Men’s Rowing Team. Christian was the Bartley Medallion recipient for Real Estate which is awarded annually by the faculty of the school to one member of the class in recognition of outstanding achievement in a specific discipline. He is also a frequent guest lecturer and an active member of the Daniel M. DiLella Center for Real Estate at Villanova University.

TENESHIA MITCHELL
ASSISTANT CONTROLLER

Teneshia Mitchell joined The Arden Group in 2013 as a Senior Property Accountant to fulfill the accounting requirements of financial management for various portfolios, prepare and ensure the accuracy of all ledgers, accounts, budgeting, and general monthly expenses. 

Prior to joining Arden, she worked at Campus Apartments INC for five years serving as an Accountant overseeing multiple residential sites and assisting site managers with budgets, financials, onsite collections with residents. 

Teneshia graduated from The Lincoln University of PA with a Master of Science in Business Human Resource Management in 2016, and Millersville University of PA with a Bachelor of Science degree in Accounting in 2007.

CLARK StRAUBE
Construction Manager

Mr. Straube joined Arden Group as the Construction Manager for Arden Logistics Parks. Prior to joining Arden, Mr. Straube was the Director of Capital Improvements at Berger Rental Communities, focusing on Multifamily Capital Improvement Projects. Prior to Berger, Mr. Straube was a construction manager for the mid-Atlantic at Harbor Group Management. Before being in the multifamily sector Clark spent 10 years in the construction field in both high end residential and commercial markets. Clark earned his BFA in Interior Design and Executive MBA from the Rochester Institute of Technology.

PAUL DERKITS
SENIOR CORPORATE REAL ESTATE ACCOUNTANT

Paul Derkits joined Arden Logistics Parks in 2022 as a Senior Corporate Real Estate Accountant. Prior to joining Arden, Paul was a Lease Accounting Analyst for Blackstone-backed Link Logistics. He also acted as Senior Accountant for a family-owned real estate investment and property management company located in the suburbs of Philadelphia.

Paul received a Bachelor of Science in Business Administration with a concentration in Accounting from Monmouth University and is an active CPA.

Jackie Dalsimer
Director of Property Management

Ms. Dalsimer serves as Director of Property Management of Arden Logistics Management. Dalsimer brings more than 15 years of experience in Leasing and Managing industrial, retail, and office properties and most recently held the role of Vice President, Industrial at JLL where she managed a portfolio of 5 million SF. She graduated from University of Hawaii @ Hilo with a degree in Business Administration, holds her salespersons license and is in the process of completing her CPM designation with IREM.

Strategies

Arden Logistics Parks is a vertically integrated operating company, focused exclusively on the multi-tenant light industrial and industrial service facilities asset class.

We acquire, reposition and manage industrial business parks and industrial service facilities to support the local economies and to provide returns for our investors. Our tenants are mainly small to medium sized businesses with a focus on having a strong local presence in the surrounding community.

We provide ease-of-access to highly functional warehouse and office space to ensure our tenants have a home for their business that is functional, flexible and provides a strategically located environment where they can be successful. 

The small to medium sized business are the backbone of our economy and make up more than half the workforce. Our strategy includes having move-in ready, functional and customizable spaces to allow our tenants to focus on their business and provide a collaborative space for their employees. 

We pride ourselves on driving value to a crosspoint where logistics & properties meet. 

Corporate Responsibility

Arden Logistics Parks is committed to being responsible investors, owners and operators by reducing our environmental impact where possible, fostering diversity and inclusion across our portfolio, upholding governance practices, and providing philanthropic support to our communities.

ESG FOCUS

Since inception, ESG has been fundamentally important to both our investment approach and company culture. We are deeply committed to incorporating continuous ESG improvements as we grow. 

We believe sustainable growth is founded in the environmental, social and economic well-being of all stakeholders: our employees, communities, tenants and investors.