STAG Industrial Promotes Steven T. Kimball to COO to Drive Strategic Growth and Efficiency
- STAG Industrial promotes Steven T. Kimball to COO, effective August 1, 2025, to enhance operational capabilities.
- Kimball aims to improve tenant experiences and align with STAG's commitment to operational excellence.
- STAG Industrial, with a diverse portfolio, is strategically positioned for future growth under Kimball’s leadership.
STAG Industrial Elevates Steven T. Kimball to Chief Operating Officer, Signaling Strategic Growth
STAG Industrial, Inc. announces the promotion of Steven T. Kimball to Chief Operating Officer, effective August 1, 2025. This move comes as part of the company's ongoing efforts to enhance its operational capabilities and expand its footprint in the industrial real estate sector. Bill Crooker, the President and CEO of STAG, praises Kimball’s contributions since he joined the company in early 2023, highlighting his pivotal role in developing a scalable operating platform and expanding the company’s development business. Under Kimball’s leadership, the firm aims to improve tenant experiences through enhanced local property management teams, aligning with STAG's commitment to operational excellence.
Kimball's extensive background in industrial real estate positions him well for his new role. He previously served as Executive Vice President—Real Estate Operations at STAG and has held significant positions at PGIM Real Estate and Prologis, Inc. His experience includes serving as Managing Director and Head of Operations for Prologis’s East Region, which equips him with a deep understanding of the complexities and dynamics of industrial property management. With a Bachelor of Science from the University of Vermont and an MBA from the University of Colorado Boulder, Kimball combines academic knowledge with practical expertise, making him a strategic choice for the COO position.
The elevation of Kimball reflects STAG Industrial's proactive approach to navigating the evolving landscape of industrial real estate. With a diverse portfolio of 600 buildings across 41 states, encompassing approximately 118.3 million rentable square feet, the company is well-positioned for future growth. The focus on enhancing operational efficiency and tenant satisfaction under Kimball’s leadership suggests STAG is committed to adapting to market demands while maintaining a strong competitive edge in the industry.
In addition to the leadership change, STAG Industrial emphasizes the importance of forward-looking statements concerning its plans and strategies. The company acknowledges that these projections are subject to various risks and uncertainties, which may influence its future performance. Stakeholders and interested parties are encouraged to visit the company’s website for further information regarding its operational strategies and portfolio developments.
As STAG Industrial continues to expand its presence in the industrial real estate market, the promotion of Steven T. Kimball serves as a significant step in its strategic journey, emphasizing a commitment to operational excellence and improved tenant experiences.
