Founder of Meadowbrook Mall Honored by National Publication as "Commercial Real Estate Icon"
Every industry has those special individuals who are recognized as iconic leaders. Real Estate Forum magazine has named Anthony Cafaro, Sr. as one of the icons of the commercial real estate industry. Cafaro’s company developed Meadowbrook Mall in 1982. For its May, 2013 issue, the respected national publication selected two dozen leaders in the field, designating them as “Industry Icons”.
The term “Icon” was not bestowed lightly. The magazine selected Mr. Cafaro as part of an exclusive group of professionals, noting that “with careers in the sector that span as long as a half century and a variety of pathways that have brought them up through the ranks, each of the men…can claim impeccable bona fides in commercial real estate.” The group includes executives from other major development companies such as Macerich, Simon Property Group, Westfield, General Growth Properties and CBL & Associates.
Anthony Cafaro, Sr., former President of The Cafaro Company, a real estate development firm specializing in shopping centers and malls, retired in December, 2009, yet he still helps direct the progress of the company as a consultant. His career in the industry began when he was just 13 years old, working maintenance on some of the properties his father, William M. Cafaro, first developed. By the time Anthony assumed the presidency in 1982, he was guiding the Company through a period of explosive growth.
“After working in the shopping center industry for so many years, I am indeed gratified to receive this very prestigious recognition as an ‘Industry Icon’.”, said Mr. Cafaro. “In my new role as consultant and counselor to The Cafaro Company, I look forward to continuing my involvement in the industry.”
The Cafaro organization, currently based in Youngstown, Ohio, is one of the nation’s largest privately held shopping center developers. The Cafaro Company owns and oversees more than 30 million square feet of commercial real estate in 11 states.
Founded by the late William M. Cafaro in the 1940's, the firm is now in its seventh decade as a family owned and managed business. Anthony Cafaro, Sr.’s sons, William and Anthony, Jr., are now the Co-Presidents of the company. For more information, visit online at www.cafarocompany.com.
by Connect-Bridgeport Staff on May 17, 2013 EST