Blackstone Group LP’s Equity Office unit, the No. 2 office landlord in the U.S., named Eli Khouri president and chief executive officer to succeed Tom August, who is retiring.
Khouri, previously executive vice president and chief investment officer at Kilroy Realty Corp., will work to expand the company’s assets, according to a statement from New York-based Blackstone.
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He will start at the end of September. August will remain on the board of Chicago-based Equity Office.
Blackstone is close to selling the remaining assets from its 2007 buyout of Equity Office’s predecessor company and is acquiring new office properties with potential for new leases and other improvements. Blackstone this year paid $1.3 billion for Willis Tower in Chicago, the second-tallest U.S. building.
Khouri received a bachelor’s degree in civil engineering from Stanford University, according to the statement.
Equity Office oversees about 58 million square feet (5.4 million square meters) of Class A office space. ( Bloomberg)
