Inland Real Estate Group Mourns Passing of G. Joseph Cosenza
It is with profound sadness that the Inland Real Estate Group of Companies, Inc. announces the passing of G. Joseph Cosenza, its co-founder, Director, and Vice Chairman. Mr. Cosenza was not only a pivotal leader but also an integral part of the company’s journey. His legacy as a real estate icon continues to inspire those who had the privilege of working alongside him.
A Legend in the Commercial Real Estate Sector
Joe Cosenza was renowned for his exceptional deal-making skills within the commercial real estate industry. Robert H. Baum, the Chairman and co-founder of Inland, expressed immense respect for Cosenza, recalling his loyalty, high energy, and passion that propelled the company forward. Joe’s ability to secure prime real estate deals greatly benefited both Inland and its investors, solidifying his status as a trusted figure in the field.
Leadership and Dedication
Tony Chereso, the CEO and president of Inland, emphasized Cosenza’s unwavering commitment to the company’s success. His tireless efforts and invaluable contributions shaped the company’s trajectory in the real estate market. Cosenza's leadership extended beyond acquisition deals, fostering a culture of camaraderie and respect among colleagues. His charismatic presence and humor will be remembered fondly by all who knew him.
Continuing with a Strong Succession Plan
In light of Cosenza’s passing, Inland has activated its succession plan to ensure continuity in its acquisition operations. The company’s future is in capable hands, managed jointly by Matthew Tice and Mark Cosenza, reflecting the dedication to uphold the standards set by its founders.
Impact on the Community and Real Estate Industry
Cosenza was proud to be a Chicago native. He obtained his Bachelor of Arts from Northeastern Illinois University and a Master’s from Northern Illinois University. His early career included teaching, where he connected deeply with his colleagues, including Daniel L. Goodwin, who together with Cosenza and others, founded Inland in 1968. This extraordinary group revolutionized the commercial real estate marketplace.
A Diverse Career and Community Engagement
Throughout his life, Mr. Cosenza was an active member of multiple real estate associations, including the National Association of REALTORS and the Chicago Association of REALTORS, which recognized him for his contributions with numerous accolades. His leadership extended to the banking sector, where he served on the boards of several banks, demonstrating his commitment to fostering economic growth in the community.
A Legacy of Achievement
Cosenza’s remarkable career was honored with numerous awards, including induction into the Chicago Association of REALTORS Hall of Fame. His impact on the commercial real estate industry is undeniable, leaving a legacy that future generations will aspire to uphold.
Remembering G. Joseph Cosenza
The Inland Real Estate Group extends its condolences to the Cosenza family during this challenging time. A visitation is scheduled for January 2, 2025, followed by a service on January 3, 2025. These events will provide an opportunity for all who were touched by Joe's life and contributions to pay their respects and celebrate his legacy.
Frequently Asked Questions
Who was G. Joseph Cosenza?
G. Joseph Cosenza was a co-founder and Vice Chairman of Inland Real Estate Group, known for his influential role in the commercial real estate industry.
What impact did Joe Cosenza have on Inland?
Joe Cosenza significantly contributed to Inland’s growth and success, particularly in acquisitions, negotiating deals worth over $55 billion in commercial real estate.
How did Cosenza contribute to the community?
Cosenza was active in various real estate and banking associations, promoting economic development and supporting the local community through his leadership roles.
What honors did Cosenza receive during his career?
He was recognized with numerous awards, including induction into the Hall of Fame by the Chicago Association of REALTORS and various lifetime achievement accolades.
What will happen to Inland’s operations after Cosenza's passing?
Inland has activated its succession plan, with Matthew Tice and Mark Cosenza currently overseeing acquisition operations to ensure a smooth transition.
