Developer CFLD International named Michael L. Sanford CEO of its United States business division, CFLD Inc.
Sanford has over 25 years of experience in the U.S. commercial real estate markets, and previously served as Executive Vice President at Kilroy Realty Corporation, as well as held other key positions at Lowe Enterprises, Equity Office Properties, and Spieker Properties.
Over the course of his real estate career, Sanford has been responsible for over $6 billion of investment activity that included over six million square feet of development.
As CEO of CFLD (US) Inc., he will be responsible for growing the company's footprint throughout the U.S., where he will be in charge of the local strategy and operations, as well as spearhead market development and team expansion.
"Entering the U.S. market is a natural progression for us, having already established ourselves in other key global real estate markets. The U.S. real estate market is one of the largest, and most stable and transparent in the world, characterized by strong fundamentals and attractive growth prospects.
The North American market is a region of focus for us and we intend to invest further with the aim of becoming a market leader in mixed use development.
Having Mike and his team on the ground demonstrates our immediate commitment to the U.S. market and allows us to quickly develop relationships with local partners -- building for the future," said Jerry Zhao, President of CFLD International.
Sanford's appointment adds to the U.S. team's bench strength of experienced professionals, which include William La Herran, Chief Financial Officer; Benjamin Yu, Head of Acquisitions and Development; Catherine Carlton, Head of Government and Public Affairs; and Kevin Moore, Head of Human Resources.
Headquartered in Singapore, CFLD International focuses on early stage investment of infrastructure, and the development and operation of new industry cities in key markets across Asia, North America and Africa. The appointment bolsters CFLD's position in the U.S. by combining Sanford's expertise in the U.S. commercial real estate markets with the resources and experiences of the company's global network.
Sanford remarked, "I am excited to join the U.S. team and expand upon CFLD's global reputation as a best-in-class master planned developer. I have confidence that the breadth and depth of the team's experience will advance the company's efforts in the U.S., and am really looking forward to contributing to the local real estate scene with CFLD International."
Sanford is currently the Vice Chairman of the Building Owners and Managers Association, San Francisco (BOMA S.F.) Foundation, a Board Member of NAIOP Silicon Valley and a council member of Urban Land Institute (ULI).
He holds a Master's in Business Administration (MBA) from the Haas School of Business and a BA from the University of California, Berkeley.
Headquartered in Singapore, CFLD International is a global leader in providing integrated urban development. The company focuses on the investment, development and operation of new industry cities in key markets in various parts of Asia, North America and Africa.