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January 25, 2016
Kraus-Anderson Development Company names Mike Hille senior vice president
BLOOMINGTON, Minn. (January 2016) – Kraus-Anderson Development Company, a new collaboration between KA Realty and KA Construction, has hired Mike Hille as senior vice president. Hille will oversee the company’s development strategy and investment opportunities, and the underwriting and due diligence of all commercial real estate transactions.
KA Development is an integrated approach to address the market’s expanding and dynamic commercial real estate activity, including site selection, acquisition, financing, management and leasing.
Hille comes to KA Development with more than 25 years of senior leadership experience in real estate development. With the last 17 years at Target Corporation, Hille most recently served as senior regional real estate manager, developing and executing real estate strategies and market entries for Target throughout Canada and the U.S., and driving value from the company’s existing portfolios. Hille also delivered sustainable real estate growth in urban markets and led Target’s development teams to deliver best-in-class retail and mixed-use projects.
“Mike’s cross-discipline expertise in creative solutions, intuitive relationship building, and planning and design will augment our company’s growth as we develop projects for our clients,” said Mike Korsh, president of Kraus-Anderson Development. “Mike is a highly regarded leader in our industry and we are thrilled to have him on board.”
Hille is KA Development’s second key strategic hire since its inception last fall. Jaci Bell was named director of development. Bell also came from Target Corporation, where she served as a senior manager within corporate real estate.
Hille is a member of the International Council of Shopping Centers (ICSC) in both the U.S. and Canada, Urban Land Institute (ULI) and Minnesota Shopping Center Association (MSCA). He also volunteers with Second Harvest, Aeon and Target’s School Library Makeover program, which supports K-12 school libraries nationwide.
Backed by the overall resources of the Kraus-Anderson family of companies, KA Development will provide services in a variety of market sectors, including large mixed-use developments, as well as office, medical office buildings, hospitality, retail and multi-family housing.
About Kraus-Anderson Development
Formed in September 2015, Kraus-Anderson Development integrates KA’s Construction and Real Estate expertise to address market opportunities and provide more comprehensive client services including site selection, acquisition, financing, management and leasing. Backed by the overall resources of the Kraus-Anderson family of companies, KA Development provides turnkey and ala carte services for a variety of market sectors, including office, medical office buildings, hospitality, retail, senior/multi-family housing and mixed-use developments. Kraus-Anderson (www.krausanderson.com) is an EOE AA M/F/Vet/Disability employer.