FD Stonewater Announces Retirement of Key Leaders
FD Stonewater, a respected player in the national real estate sector, has made headlines recently with the announcement of the retirement of two pivotal figures, Joseph Delogu and David Stade. This change comes after many years of significant contributions to the firm, with their retirement effective December 31.
Impact of Joseph Delogu
As a co-founder of FD Stonewater, Joseph Delogu has been a vital force in shaping the firm’s trajectory. With an impressive career spanning over 35 years in the real estate field, he has developed an extensive expertise in government leasing, development, and investments. Mr. Delogu began his professional journey with the U.S. General Services Administration, where he honed his skills and later joined Spaulding & Slye. Under his leadership, the government division flourished, establishing a strong presence in the market.
Following the acquisition of Spaulding & Slye by JLL, Mr. Delogu took on a more prominent role as the International Director and Managing Director of JLL's Government Investor Services group. His contributions to FD Stonewater include co-leading the company's brokerage platform, successfully managing thousands of lease transactions totaling over 60 million square feet. Additionally, his strategic foresight led to the creation of three investment funds specializing in government-occupied properties, resulting in nearly $1 billion worth of assets acquired.
David Stade's Legacy
Alongside Mr. Delogu, David Stade has been a cornerstone of FD Stonewater's success. With more than $4 billion in acquisitions and transactions to his name, Mr. Stade has played a critical role in steering the firm’s principal investment and asset management platform. His tenure began in esteemed positions at Citigroup and Eastdil, where he made impactful contributions before joining FD Stonewater at its inception.
Through his career, he has structured joint ventures and devised strategic business initiatives that have included corporate sale-leaseback advisory, lease negotiations, and multifaceted financing transactions. His insights have been invaluable, particularly in managing investment funds that successfully acquired over $300 million of diverse properties including office, industrial, retail, and hospitality assets.
Commitment Beyond Business
Both leaders have not only excelled in their professional endeavors but have also been dedicated mentors, nurturing the next generation of leaders in the real estate industry. Their commitment to the professional development of others is commendable and has been woven into the culture at FD Stonewater. Moreover, both have left a positive mark on their local communities through various philanthropic efforts.
Future Path for FD Stonewater
FD Stonewater is poised to continue thriving as a national real estate firm that specializes in build-to-suit developments, principal investments, and brokerage services. The firm proudly carries a legacy of over $12 billion in completed transactions, a testament to the strength of its leadership and the trusted relationships it has built with clients, tenants, and investors across the nation.
As FD Stonewater looks to the future, the firm is well-prepared and positioned for continued success. The principles laid down by Joseph Delogu and David Stade will continue to guide the company as it navigates the evolving landscape of the real estate market.
Frequently Asked Questions
Who are Joseph Delogu and David Stade?
They are co-founders of FD Stonewater, instrumental in establishing the firm's direction and success.
What positions did Delogu and Stade hold at FD Stonewater?
Delogu co-led the brokerage platform, while Stade co-led the principal investment and asset management platform.
What is FD Stonewater's area of expertise?
FD Stonewater specializes in build-to-suit developments, principal investments, and brokerage services.
How large are the transactions completed by FD Stonewater?
The firm has completed over $12 billion in transactions since its inception.
What legacy will Delogu and Stade leave behind?
They leave behind a strong firm culture focused on mentoring and professional development while ensuring FD Stonewater is well-positioned for the future.
