
St. John Properties Inc., a Baltimore-based full-service commercial real estate development and management company that has developed more than 24 million square feet of space and a portfolio valued at over $5 billion, has expanded within Texas with a new regional office in Dallas, the company announced Friday.
Raphael Alterman, who was recently named regional partner, will lead the Dallas office. This expansion follows the opening of the company’s Austin regional office in 2022. St. John Properties operates 15 offices in 11 states and intends to grow its portfolio to 40 million square feet by continuing to expand its footprint and development activity across the country. The company has speculatively broken ground on nearly 1 million square feet of commercial space nationwide during each of the past four years.
Alterman, who joined St. John Properties in 2019, will lead day-to-day operations of the new regional office, and be responsible for site and property acquisition, development, construction, marketing and leasing, and property management activities. He holds a Master of Business Administration in real estate finance and development from the University of North Carolina’s Kenan-Flagler Business School.