Trumark Companies Relaunches Trumark Commercial
Company taps commercial real estate development veteran to lead revamp of commercial division
Newport Beach, Calif. (November 4, 2019) — Trumark Companies, an award-winning California-based real estate developer, announced today the appointment of commercial real estate development veteran Jeffrey Sofferman as executive vice president (EVP). Sofferman has been hired to lead the relaunch of Trumark Commercial, the company’s commercial real estate investment and development arm. He brings nearly 30 years of commercial real estate experience to his new position and will re-establish the Trumark Commercial brand and kickstart a pipeline of commercial and mixed-use development projects for the firm.
“Jeff is a talented real estate professional who is well-known and respected in the Southern California building industry,” said Gregg Nelson, co-founder and principal of Trumark Companies. “He brings a wealth of experience in mixed-use, commercial, and multifamily development, and Trumark is excited to have him lead the company’s renewed effort to expand its commercial and mixed-use platforms.”
As EVP of Trumark Commercial, Sofferman is leveraging his professional experience to seek out new opportunities for value-add and ground-up development. His focus will be on mixed-use projects in key evolving submarkets throughout Southern California and the San Francisco Bay Area. Sofferman’s expertise and development skillset, coupled with Trumark’s established track record of developing more than 1.6 million square feet of office, R&D, industrial and retail space, will help to accelerate the growth of the company’s commercial division.
Prior to Trumark, Sofferman was senior vice president at SunCal, where he created and led the company’s urban and multifamily development platform throughout the U.S. In this capacity, he managed notable development projects such as 6AM at 6th & Alameda, a 3-million-square-foot mixed-use project in Downtown Los Angeles. Sofferman also has held high-level leadership positions at Archstone, The Clarett Group and other notable corporations. He has extensive experience in deal sourcing and formation, entitlement, planning and design, securing debt and equity placement, joint venture structuring, and project management and construction oversight.
“I’m thrilled to bring my passion for building and professional background in development to the Trumark team to help expand the company’s growth in the commercial arena,” said Sofferman. “The way we live and consume goods and services continues to shift, driving the demand for new modern and sustainable commercial space. Supported by positive economic indicators, these dynamics are opening the doors for innovative mixed-use development opportunities that I’m excited to be a part of in an entrepreneurial capacity, backed by the credibility of the Trumark brand.”
Sofferman’s approach for the renewed commercial division will be focused on the evolving fundamental changes occurring in commercial real estate, driven by the emergence of e-commerce and constrained land supply in urban markets across California. The division is targeting projects that combine uses to create synergy across sectors spanning multifamily, hotel, retail, office and industrial through designs that are sustainable, cost efficient and enhance the quality of life in the surrounding community. Projects will include adaptive re-use and/or new ground-up development.
Sofferman earned a Bachelor of Arts in history and certificate in real estate development from Rutgers College. He holds a master’s in urban planning with a concentration in real estate development from New York University. A licensed California Real Estate Broker, Sofferman will be based in Trumark’s Newport Center office. He resides in Corona del Mar with his wife and two daughters.
About Trumark Group of Companies
With 30 years of trusted experience and recent recognition as 2018 Builder of the Year, the Trumark Group of Companies is a diversified real estate development and building firm that includes: Trumark Communities, a master planned community developer; Trumark Homes, a next generation homebuilder; Trumark Commercial, which builds, leases and sells commercial buildings; and Trumark Urban, a vertically integrated residential developer focused on core urban neighborhoods. www.trumarkco.com
About Trumark Commercial
Trumark Commercial is a full-service commercial management and development company that has managed or developed more than 1.6 million square feet of R&D, retail, and office property since 1996. For more information about Trumark Commercial, visit https://trumarkco.com/developments/commercial/.