Committed to excellence, creativity, and leadership.
Our mission is to be the premiere mixed-use developer by utilizing our unique skillset to vertically develop dynamic communities throughout the United States.
Kensington Development Partners acquires, develops and redevelops retail and mixed-use projects throughout the United States. 90+ years of collective industry experience has afforded ongoing strategic and valued relationships with national retailers, local municipalities, brokers, lenders and investors, all on a repeat basis.
The Principals’ vast experience, creative approach and long history of working together as a team separates Kensington from the rest of the competition because they have the ability to understand and solve the complexities that often arise in the development process.
Delivering commercial Real Estate projects with innovation, experience and financial strength. Kensington Development Partners and IM Properties have formed a partnership that combines Kensington’s vast experience in commercial real estate development with IM’s substantial cash resources and entrepreneurial spirit.
IM Properties and Kensington have forged a unique relationship which was founded in 2009 during the Global Financial Crisis, when traditional sources of construction financing were unable to fund new development opportunities.
The partnership is a unique blend of talented professionals with decades of experience in the United States and England which has capitalized on their financial strength, development expertise and a deep understanding of the commercial real estate market. The partnership relies upon its vast experience and creative approach to understand and solve the complexities that often arise in the development process.
With IM’s portfolio currently valued in excess of One Billion Dollars, the partnership has access to substantial cash resources from internal funds enabling them to maximize the potential of a wide range of exciting commercial development opportunities.
The Kensington Team prides itself in giving back to the community and is charitable to many not-for-profit organizations.
Jay Eck, Principal and Managing Director at Kensington Development Partners has built an enviable reputation as a leader in retail development in the Midwest over the last 30 years. He has persevered through multiple economic cycles, remaining at the forefront of retail trends and leading to the completion of numerous multi-faceted, groundbreaking developments totaling more than 10 million square feet.
Jay coordinates development projects from conception through completion. His vast experience and creative approach to understanding and solving the complexities that often arise in the development process were the driving force behind his development success over the years.
John Schoditsch, a founding Principal of Kensington Development, is tasked with site selection, deal procurement, contract and lease negotiation, and entitlements. John has an exceptional reputation within the brokerage and retail community and has used his many years of experience to cultivate those strong relationships with brokers, retailers and municipalities to help procure and maintain a vital development pipeline.
Over the last 24 years, John has worked with the majority of expanding retailers that have entered the Chicagoland area and uses his expertise in development as well as his broad market knowledge to procure challenging sites for his valued tenants on a reoccurring basis.
Chad Jones is a co-founder and principal at Kensington Development Partners. Chad operates as the Chief Financial Officer for the company and is responsible for all financial and accounting aspects of Kensington’s development projects and properties under management, including investor and banking relations. Chad also has extensive experience with municipal incentive agreements, lease negotiation, entitlements, property management and contract negotiation.
Chad was previously the Chief Financial Officer of Bradford Real Estate for over 10 years while working in the finance and real estate industries for 20 years.
Chad earned a BS in Accounting from Rockford University and a Master’s Degree in Real Estate Law from the University of Illinois-Chicago.
Jared Eck, Development Partner at Kensington Development Partners, focuses on sourcing retail and mixed-use development and acquisition opportunities, financial modeling, contract and lease negotiation, and entitlements for Kensington’s Mountain West Office. Jared joined the Kensington team as a Development Manager in the Fall of 2019, before moving to Denver in 2022 to form Kensington’s Mountain West office and focus on the growing development pipeline in the Mountain West region.
Jared earned his degree in economics from Wake Forest University. After graduating from Wake Forest, Jared worked in office investment sales for HFF, before moving into the development business with Bradford Real Estate in 2018.
Director of Development Services
Dan Rea, joined Kensington in January 2020 as Director of Development Services. Dan’s responsibilities include the construction, project coordination and design & development operations for Kensington. Through the entitlement process, Dan also nurtures the relationship between Kensington and the municipalities we develop within.
Dan has worked within the construction industry for 20 years. Prior to joining Kensington, he served as a Project Executive for a leading General Contractor in the Chicagoland area and is known in the industry for delivering quality projects on time and within budget. Dan’s prior project accomplishments include 52 completed developments totaling over 1,450,000 SF and $400 million in construction contracts.
Operations and Marketing Manager
Stacy Higdon joined the Kensington team as Operations and Marketing Manager in July of 2019. She is responsible for the creation of marketing and daily office operations. Additionally, she assists John Schoditsch with procuring new development opportunities, the entitlement process, and leasing.
Stacy has over 20 years of retail commercial real estate experience assisting top professionals in tenant representation of national retail tenants throughout the Midwest. She understands the demands of real estate development, and leasing, and excels at ensuring tenant and team satisfaction
Tiffany joined Kensington Development Partners in March of 2021. She will assist Chad Jones in maintaining Kensington Developments joint ventures, banking, investor relationships.
Tiffany oversees the monthly close for wholly owned properties, financial reporting for JV partners, construction draws, and loan reporting and oversee the various accounting task for the organization.
Property Accounting Manager
April Matthews joined the Kensington Team as an Accounting Manager in May 2023. She has 5 years of real estate accounting experience between warehouse and multifamily asset classes in various roles from Development and Property Accounting to Financial Reporting. In her recent role, she performed accounting tasks such as monthly reviews, lender reporting and operating accounting for ten industrial development and operating projects across four regional markets. She will oversee the monthly close for wholly owned properties, financial reporting for JV partners, property management and tenant relationships. She received her bachelor’s degree in accounting from the University of North Carolina Wilmington.
Development Services Project Manager
Francisco serves as a Development Manager at Kensington, actively involved in each stage of the development cycle, from initial feasibility analysis to construction and disposition. His experience and responsibilities span predevelopment due diligence, entitlement, design and permitting, as well as construction estimating and procurement. Francisco's hands-on approach, coupled with excellent communication skills, ensures seamless project execution and successful delivery of new developments and redevelopments. Francisco holds an undergraduate degree in civil engineering from Illinois Institute of Technology, a postgraduate degree in construction management from Purdue University, and is a licensed civil engineer in the state of Texas.