Principal Kenneth W. Hecht
As the key Principal of Hecht Development, LLC, Kenneth W. Hecht is primarily responsible for the identification and evaluation the Company’s acquisitions, the development of the properties, the securing of acquisition and permanent financing and overseeing the leasing of the properties. Ken’s extensive commercial real estate experience includes property acquisition and development, investment sales brokerage, investment analysis, property management, construction management and leasing.
Ken has been in the commercial real estate business since 1986. Ken’s recent experience has been as founder and Managing Member of Hecht Development, LLC, a commercial real estate investment and development firm founded in November of 2006. The company is dedicated to investing in commercial real estate assets on Boston's North Shore with a broad network of high net worth individuals. The company has acquired, developed or re-developed over $50,000,000 of commercial real estate since its formation.
Prior to Hecht Development, LLC, Ken founded The Hecht Company in 2001 as a commercial real estate brokerage company with its main client being Wal-Mart Stores, Inc., in Bentonville, Arkansas. Since 2001, The Hecht Company has completed 4 million square feet (25 transactions) of acquisitions and dispositions for Wal-Mart as its exclusive broker/advisor in Maine, Massachusetts and Rhode Island.
From 1991 to 2001, Ken rose to Senior Vice President and Partner at CB Richard Ellis Whittier Partners, the New England Partner of CBRE, the largest commercial real estate services firm in the world. While at CB Richard Ellis Whittier Partners, Ken founded the Retail Advisory Group, which specialized in the sale of large retail investment properties. Additionally, while at CB Richard Ellis Whittier Partners, Ken sold or leased over $500,000,000 worth of commercial real estate, including over $100,000,000 of retail assets. Ken has completed a number of complex joint ventures, 1031 tax-deferred exchanges, long term ground leases, land sales for hotel development and leasehold interest sales. Ken’s largest investment sale was $32,000,000. While a partner at CB Richard Ellis Whittier Partners and previously at Coldwell Banker Commercial, Ken received a number of awards including the CB Richard Ellis Whittier Partners Team Player of the Year Award, the CB Richard Ellis Navigator Award for Retail Advisory Excellence, The CB Commercial Rookie of the Year Award for the Northeastern United States, The Coldwell Banker Commercial Top 5 Award, and the Multi-Million Dollar Sales Club Award from the Greater Boston Real Estate Board.
Prior to being in the commercial real estate business, Ken owned a time management training company for 3 years with clients which included GTE, National Semi-Conductor, Motorola, John Hancock, Prudential, Mutual of Omaha and Century 21. While running his own company, Ken achieved numerous production awards on a national basis. Prior to his time management business, Ken was an engineer and worked on high-level industrial projects across the country, including the construction of a liquid natural gas importation terminal control tower in Everett, Massachusetts, a position that first brought him to Boston from the mid-west.
Ken was born on the south side of Chicago and received his Bachelors Degree in Civil Engineering from the University of Illinois at Champaign Urbana. There he became a member of the Civil Engineering Grade Point Honorary, Chi Epsilon. While moving around the country working on various engineering and construction projects, he also studied for a Masters Degree in Business Administration at Lamar University in Texas, Washington University in St. Louis and at Northeastern University in Boston.
Ken coached soccer and baseball for 13 years in Concord, Massachusetts and was the strength coach for the Concord-Carlisle High School Wrestling Team.
Ken is a member of the Gloucester Planning Board, the Gloucester Housing Production Plan Committee, a contributor to the Gloucester Downtown Development Commission, a member of the Cape Ann Chamber of Commerce and is the former Chairman of the Alumni Board of the University of Illinois Chapter of Delta Upsilon Fraternity.
Ken resides in Gloucester, Massachusetts with his wife Patty and two children, when they are home visiting from their young careers.