TRITEC Real Estate Company has put its next generation of leaders in charge of day-to-day operations after four decades under founders Bob and Jim Coughlan, Long Island Business News reported. The succession plan was a multi-year effort, including three years of work with a family-business advisory group.
New leadership roles:
- Kelley Heck and Jimmy Coughlan: co-presidents
- Meaghan Coughlan: chief operating officer
- Kevin Wylie: vice president of construction
- Shannon Coughlan: associate vice president
- Bob Coughlan and Jim Coughlan: co-chairmen and co-CEOs, focused on strategy, capital and large transactions
TRITEC at 40:
- Started with a 3-acre parcel at 31 Research Way in East Setauket, the beginning of the 100-acre Stony Brook Technology Center
- New Village in Patchogue (2014): $112 million, 291 apartments
- The Shipyard in Port Jefferson (2018): $45 million, 112 units
- The Wel in Lindenhurst (2021): $103 million, 260 apartments
- Shoregate in Bay Shore (2024): $174 million, 418 units
- Station Yards in Ronkonkoma: a $1.3 billion project that has delivered 1,052 apartments and 70,000 square feet of retail so far
- Kincora in northern Virginia: a 400-plus-acre mixed-use project planned for 2,400 homes
“I think we focus on trying to build whatever the communities are looking for,” said co-president Jimmy Coughlan.
Read the full story: After 40 years, a leadership change at Tritec Real Estate, Long Island Business News
