A senior corporate position in the Facilities and Real Estate market segment, either internal to a corporation or with a major real estate services provider.
WALTER E. MYSTKOWSKI
SUMMARY OF QUALIFICATIONS
I have been acknowledged professionally as an insightful, analytical and responsive Senior Real Estate Management Executive with significant experience in commercial Real Estate, Project, Property and Construction Management. Trained as an architect these professional skills are complemented by seasoned Procurement skills in materials and services. Well honed skills in IT/Telecom Infrastructure, Strategic Planning, Security and Life Safety have all contributed to successful institutional and consulting positions. My professional success has been achieved by being a creative and resourceful problem solver, who thrives on challenges, accustomed to both startup companies and large Fortune 500 institutions.
Personally I am known to be a dedicated, confident and seasoned team builder who possesses outstanding interpersonal and communication skills. My skills include being a direct and empowering leader and motivator, strong in a team or matrix organization and a thorough detailed planner. Known as a persuasive negotiator I have been especially effective with senior management and board members, as well as peers in bringing clarity and consensus on difficult issues and decisions. Accustomed to a fast pace and multiple projects of different disciplines, I have always met established priorities while balancing competing agendas. My personal sense of ethics complements corporate business principals while operating in a professional area known for having less than a stellar ethical reputation.
AREAS OF EXPERTISE
Design / Project /Construction Management for multiple, simultaneous Capital Plan projects including gathering project requirements from stakeholders, owners and directors to define and align objectives, negotiate buy-in and support, cost/benefit analysis, liability/risk identification and prioritization, contingency planning, negotiating budgets, resources, timelines, consultant and contractor selection, project supervision, change control, scope management, managing cross-functional teams, resolution of technical and logistic issues, ad hoc issue resolution, progress and executive reporting. Property Management Services including maintenance (routine, preventative, predictive) of all systems and services required to operate commercial office, warehouse, mission critical data centers, laboratory environments, retail and residential facilities. Knowledgeable in the annual operating plan process for planned equipment replacements and upgrades. I am effective in outsourcing non core business services and very accustomed to directing internal and external maintenance staff and outside contractors. Well versed in local and state building code compliance and labor relations to avoid site issues and/or union conflicts.
General Management and Supervision, including creating and administering organization/structure, recruitment of personnel, talent evaluation for purpose of making and implementing hiring/promotion/ firing decisions, team building, staff training, budgeting and P&L responsibility, daily operations, business integration and restructuring.
Real Estate & Corporate Services including planning corporate commercial and residential development, evaluating feasibility and site selection studies, lease/buy decisions, cash flow projections & budgets, monitoring & controlling capital and ongoing operating costs.
Corporate Services skills include Leveraged Procurement of materials and services, Security and Life Safety, Mail, Food Services and all other aspects of corporate services.
BUSINESS EXPERIENCE
SEXTANT PROJECTS, LLC (Current Position)
(An Owner’s Representative providing: Design, Construction, Project and Property Management and Real Estate Advisory Company focused on Fortune 500 companies.)
Managing Director and Principal
P&L responsibility for all business development, marketing, project management, real estate consulting and general management.
NOTED ACCOMPLISHMENTS
Challenge: Develop continuing business relationships with market leading corporations in the commercial and residential owner developer and film post production market sectors.
Result: Developed significant On-Call business relationships with major commercial and residential Owner Developers in NYC, particularly on design, property management and infrastructure upgrades. Established significant business relationships within the film industry, in developing highly technical environmental laboratory processing facilities, screening facilities and post production sites for Technicolor and Deluxe the noted leaders in the industry. Similar on-call relationships were established with multiple Real Estate Owner Developers throughout the Tri-State region.
METROMEDIA FIBER NETWORK INC./ABOVENET INC.
(A major Telecommunications provider located in White Plains, NY, providing fiber optic services for telecom carriers including Verizon, Regional Bells and Collocation Data Facilities for Fortune 500 corporations on a national and international basis.)
Senior Vice President Real Estate & Facilities Management
Recruited to start a Real Estate & Facilities group that would be responsible for the Real Estate, Design, Construction and Operation of all facilities related to a national/international fiber optic build. Additionally charged to design, build and operate 21 critical data centers (Internet Service Exchanges – ISX’s) averaging 75-125,000 sf. Capital budget responsibility for $2 billion to locate strategic real estate sites, design, construct and operate those facilities within a rapid 24 month schedule. Managed 4 Department Heads, 25 support professionals and reported directly to the President and CEO.
NOTED ACCOMPLISHMENTS
Challenge: Tasked to create a new business group to manage all real estate, project management, and property management requirements for the company that originally was solely reliant on external real estate companies By applying extensive experience in procedures, controls & standards new staff were quickly trained under new corporate guidelines while simultaneously managing a significant work load in a very short time frame
Result: achieved best utilization of capital resources while maintaining lowest possible operating and occupancy expense.
Result: all ISX locations completed on schedule within 24 months; accommodating clients such as Microsoft, AOL, Electronic Arts, EBay and others. None of these mission critical data centers suffered an electrical or mechanical outage during my tenure; capital cost for each ISX ranged from $75 MM to a $150MM.
CHASE MANHATTAN BANK/CHEMICAL BANK/MHT, New York, NY
(A Major Money Center Bank with a 43 million square foot global real estate portfolio, 22 million square feet domestically and 14 million square feet located in Metropolitan New York.)
Senior Vice President, Director – Global Facilities Management
Recruited to lead and merge Facilities and Asset Management groups from disparate Facilities Management areas with very different cultures and operating methods. Overall responsibility was both domestic and international, including three individual offices and staff located overseas. Primary responsibilities were to eliminate excess real estate, reduce occupancy costs, and redeploy business units which included head count reductions and integrating IT platforms chosen by the bank. Led the strategic planning efforts to position the real estate portfolio that would optimally balance occupancy cost and business location preferences. Responsibilities at this time included 6 direct reports, 150 indirect staff, 600 third party staff, with an individual departmental operating budget of $25MM. $600-800MM annually was managed for new domestic capital projects and $80MM for new international capital projects. A $200MM annual operating budget was managed for domestic property including the operation of directly owned and operated locations, including high rise and campus properties. Reporting structure during this tenure was to Executive Vice President and Vice Chairman, with routine presentations to the Executive Committee and Board on major projects, acquisitions, divestitures and business unit consolidations.
NOTED ACCOMPLISHMENTS
Challenge: To accommodate growth within the investment banking areas of the bank a NYC midtown master plan was required to meet increasing staff and upgrade IT infrastructure facilities. Multiple planning scenarios were required that addressed the bank’s goal of an efficient real estate portfolio in Manhattan with the lowest occupancy profile while also addressing the functional and corporate image demands of a newly merged Money Center bank with a national and international presence.
Result: Two master plans were ultimately selected and advanced with senior management approval to the point of all design, planning and local NYC government and community approvals being obtained. The first solution provided a 1.2 million square foot new building (383 Madison Avenue), linked to the current headquarters at 270 Park Avenue, divesting other properties owned or leased downtown. The second solution included the total renovation of the existing headquarters at 270 Park Avenue, the acquisition of two new buildings at Newport Center in New Jersey and divesting other properties downtown.
Ultimately the second alternative was selected and the design and approvals for 383 Madison Avenue were taken by Bear Stearns. Two buildings were constructed to specification by the Lefrak Organization for Chase in Newport City. (In 2008 with the acquisition of Bear Stearns by Chase 383 Madison was added back to the bank’s portfolio. Of note is the footprint of the tower which in plan was designed to be the Chase logo.)
Challenge: During my tenure at Chase Manhattan Bank the bank had evolved into a new banking institution that included the former Chemical Bank and Manufacturers Hanover Trust. Through these large mergers and acquisitions my area of responsibility and challenge increased encompassing a larger global portfolio requiring a focused effort to consolidate the facilities of the respective institutions, thereby reducing the occupancy profile of the new entity while meeting the synergistic business plans of multiple business units striving to consolidate locations, business platforms and IT integration.
Result: within a time line of 34 months, 3 million square feet of excess domestic real estate was eliminated saving $60MM annually; major business platforms such as Global Trading and Investment Banking were consolidated into one location nationally; critical Data Center consolidations were accomplished on time facilitating IT system platforms to be integrated without business interruption. The consolidation capital plan averaged $600MM annually over 3 years; operating budgets for the domestic portfolio which began at $260MM was reduced to $200MM; and all consolidation projects domestic and internationally were accomplished within forecasted schedule.
Internationally the real estate portfolio represented 4.5 million square feet of critical business platforms in EMEA, Asia and Latin/South America. Working with a corporate mandate to consolidate these platforms my group was successful in developing and executing plans to accomplish local business unit goals, while also adhering to senior management mandates, schedules and priorities. The solutions implemented included consolidations of trading platforms in London, Tokyo and Hong Kong; and also included expanding centralized global trading data centers in Bournemouth, UK, including a disaster recovery site designed and built in 6 months. The capital project volume internationally averaged $60-$80MM annually.
Challenge: In a program to reduce procurement costs corporate-wide, my areas of responsibility managed a global leveraged procurement program (“sourcingâ€) that consolidated all capital procurement activity, including material and services utilized in the real estate portfolio. Utilizing internal staff resources we developed and implemented a new RFQ/RFP process that was issued to all service vendors capable of managing a larger volume of deliverables on a domestic and global basis.
Result: within domestic US, achieved $4MM savings in carting, $5.6MM in cleaning and $2.7MM in utilities within first 12 months; completed program achieved $20 MM in savings each year in Project and Property Management areas.
Morgan Stanley (Dean Witter Reynolds)
(Morgan Stanley is a combined investment bank and retail brokerage institution with a legacy that includes Dean Witter Reynolds Inc. and Sears in its history.)
First Vice President– Global Facilities Management
Responsible for domestic and international corporate and retail branch locations.
NOTED ACCOMPLISHMENTS
Challenge: Multiple mergers and acquisitions resulted in a requirement for 2 million square feet located primarily downtown in NYC. While various options were evaluated including developing a new building it ultimately was decided to net lease space from the World Trade Center. The challenges included short term lease expirations, lengthy and adversarial negotiations with the Port Authority, restrictive design and construction regulations in place at the World Trade Center and limited funding for capital expenditures.
Result: Negotiations for space began in earnest with the Port Authority first for operations space in the lower Plaza buildings and subsequently were followed with a larger transaction that net leased 21 floors in 2 World Trade Center. Internally negotiated with advisory external real estate consultants, a transaction was completed a favorable lease terms that included a $40/sf cash contribution from the Port Authority. The overall consolidation into 5 and 2WTC encompassed a 24 month schedule with my group responsible for design, construction and IT integration into the new facility.
EDUCATION Bachelor of Architecture, Pratt Institute, Brooklyn, NY
PERSONAL DATA & INTERESTS Married, four children, excellent health, willing to travel. Golf, tennis, fishing, woodworking, and remote control model airplane flight.
PROFESSIONAL REFERENCES
Will provide professional references upon request.
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