Hertz Investment Group, landlord to many of downtown Jackson’s office buildings, has named the former chief investment officer of Parkway Properties, James M. Ingram, its senior VP and chief investment officer.
Ingram will continue to be based in Jackson and will oversee leasing operations of Hertz properties in Mississippi, Tennessee, Louisiana and Virginia.
Ingram will also manage all acquisition and disposition activity in the multi-state region.
Hertz Investment Group has been a major buyer of downtown Jackson office properties. Today, its properties include Regions Plaza and One Jackson Plaza. The California-based form also is reported to have an option on the 325,000 square-foot Landmark Center, one of three finalists to in the competition to be the new headquarters of the Mississippi Department of Revenue.
In addition to Jackson, Hertz Investment Group has been on a buying spree in Memphis and Richmond, Va. In total, the company acquired 15 properties in the three cities.
Nationwide, Hertz has 12 million square feet of commercial space in 14 cities across 10 states.
Judah Hertz, CEO of Hertz Investment, said Ingram’s nearly three decades of success in commercial real estate led to his appointment to the key executive position. “We will benefit greatly from his experience and vision as we move forward,” Hertz said in a press statement.
In his 23 years with Parkway Properties, Ingram helped the company acquire and sell more than 120 office properties representing 26 million square feet and $3.7 billion. Parkway, a real estate investment trust, moved its headquarters to Orlando from Jackson last year.