Navy Yard CEO Kimball steps down
Will join real estate firm
Andrew Kimball, who was appointed by Mayor Michael Bloomberg in 2005 as president and CEO of the Brooklyn Navy Yard Development Corporation, will be leaving his position at the end of this month to join the real-estate management and asset development firm of Jamestown Partners, the Navy Yard announced.
As president and CEO, Kimball and his team implemented a $250 million public investment program, which leveraged some $750 million in private investment. During his tenure, the Yard’s tenant roster grew to more than 300 industrial businesses with 6,400 employees, up from 3,600 in 2001.
More than 2 million square feet of new space is now being developed to serve the Yard’s waiting list of more than 100 firms, with employment at the Yard expected to double within five years.