Top Parkway And Midway Execs Step Down Months After Forming New Partnership
Larry Sloan left his position as executive vice president of investments and developments at Midway, which continues to operate independently under its own name after the partnership, acting as the combined company’s development partner, Parkway confirmed to Bisnow.
“We are grateful for their contributions and leadership and wish them the best in their future endeavors,” Parkway said in a statement on behalf of itself and Midway.
Bryant was chief operating officer and president of Midway before the companies joined, then became co-CEO of Parkway alongside Jayson Lipsey, who was CEO of the legacy Parkway firm.
Bryant announced he was leaving the firm in a companywide email on Nov. 7, the Houston Business Journal reported.
“It is with bittersweet emotions that I announce today my departure and bid farewell to my Midway/Parkway family that I have been a part of the last 21.5 years,” Bryant said, according to the HBJ.
It is unclear where Bryant is going next, the HBJ reported. Triten Real Estate Partners announced Friday that it had hired Sloan as its first chief development officer with a start date of Nov. 27.
Sloan will oversee all development efforts nationally, including traditional industrial and industrial outdoor storage development, as well as multifamily and mixed-use platform expansions, according to Triten. He has completed over $3B in ground-up development, acquisitions and joint venture transactions throughout his more than 25 years of experience, Triten said.
Sloan had been with Midway since 2016, according to his LinkedIn profile.
Triten has increased its employee headcount by 30% since the beginning of 2020, according to a news release. The firm is behind a 6.23-acre East End mixed-use development called The Mill, which it recently topped out.
Parkway acquired Post Oak Central in the Galleria area and CityWestPlace in Westchase in October, picking up a total of 3M SF in an all-cash deal from Canada Pension Plan Investment Board, which acquired Parkway Inc. in 2017.