James Connolly Email & Phone Number

Boston, US

Manage all real estate asset and property management services for all owned buildings (>190 assets with >31M square feet), ensuring properties are properly maintained and in compliance with various regulatory codes, manage leasing activity, resolve tenant issues, manage building development program (1.1 M square feet in process), responsible for operating.

CA

• Jim currently manages Nortel Real Estate global asset recovery programs associated with its chapter 11 bankruptcy protection restructuring efforts associated with Nortel's Real Estate portfolio which at the time of.
• Developing and Managing Restructuring plan to reduce Real Estate Costs and Property Portfolio under Chapter 11 Bankruptcy Protection regulations – During 2009/2010 reduced 177 sites with $214M in annual costs
• Negotiated Real Estate aspect of Nortel Business Divestitures as well as coordinating activities for Nortel to shift to a landlord – Demising, Pricing, legal documents, rent collection & service policies ($191M in.
• Managing Process for the Sale of remaining Nortel Real Estate Assets – Completed Ottawa sale for $208M
• Team to develop and implement Virtual Work Program with Regus to accelerate site closures and reduce on-going costs by getting employees to work from home supplemented by Regus flex-space
• Liaison with Business and Bankruptcy Protection Monitors/Administrators to ensure real estate requirements are met in the various restructuring plans being undertaken

CA

• Responsible for occupancy costs at all Nortel facilities (13M square feet at 260 locations with a $320M annual operating budget)
• Managed/Developed Restructuring plan in 2004 to vacate and dispose of 4M square feet saving $40M
• Responsible for all Real Estate Capital Planning worldwide (average spending $50M per year)
• Responsible for financial analysis on all Nortel Real Estate transactions worldwide
• Provide Real Estate financial analysis for Nortel expansion activities into Asia, including 365K square foot $60M facility outside of Beijing, China
• Negotiated lease with Chinese government for Beijing expansion

CA

• Managed disposal of 24M square feet at 530 locations with a $1.4B Restructuring Reserve, saving $650M annually
• Currently 88% of the identified properties have been subleased/terminated (21M square feet) since April 2001
• Oversaw Nortel Real Estate Sale Leaseback program raising $750M in proceeds from locations in California, Texas, North Carolina, Florida, New York, Quebec and the United Kingdom
• Responsible for all Real Estate financial analysis supporting Nortel expansion activities prior to economic downturn, including 636K square foot $190M facility in Santa Clara, California
• On Nortel Hub selection committee for several new Nortel locations during expansion period
• Managed Merger and Acquisition facilities integration into Nortel Real Estate Portfolio as well as the disengagement of sold operations

CA

• Managed $95M Operating Budget for Facilities Worldwide (2.9M square feet in 134 locations & 98 Employees), including over sight of cost reduction initiative that saved $6M in 1997
• Responsible for all Real Estate Capital Planning worldwide (average spending $56M per year)
• Performed Lease vs. Buy and Financial analysis for all new properties, including a 150K square foot facility in Billerica, MA and major leases, including 446K square foot facility in Billerica
• Developed $24M Restructuring Reserve for excess space worldwide, saving $5M per year
• Managed $23M Human Resources Operating Budget for 115 employees worldwide
• Reported monthly & quarterly budget variances to Senior Bay Networks Management

Arlington, VA, US

• Managed and Developed $150M Operating Budget for 1000 Employee Facilities organization supporting 12 Raytheon locations
• Responsible for all Real Estate Capital Planning for 12 New England Raytheon locations (average spending $50M per year)
• Supervised and Managed Cost Control and Administrative personnel (10 employees).
• Reported monthly & quarterly budget variances to Senior Raytheon Management.
• Coordinated salary planning activities for 200 salaried employees
• Coordinated Facilities involvement in major benchmarking/cost reduction study with McKenzie Associates – saving $6M annually

Arlington, VA, US

Mba, Financial Management

Bs, Business Administration