Edward J. Russell, III has been involved in the construction and real estate development field for over thirty-five years. In 1994 he was chosen to serve as the third generation Managing Partner of Russell Development Company (RDC), based in Grosse Pointe, Michigan. RDC is actively involved in both commercial real estate (office and retail), and the ultra-luxury residential sector.
Russell Development’s commercial business focuses on the construction, management, and acquisition of retail strip centers in southeast Michigan anchored by such tenants as Wal Mart, CVS Drugs, O’Reilly Auto Parts and FedEx Office. The office portfolio tenants include Morgan Stanley, Merrill Lynch, Oppenheimer & Co., The Ralph C. Wilson Foundation, The Private Bank, Chemical Bank and Northern Trust Bank.
After studying finance at Western Michigan University, Mr. Russell joined the family business and served in a variety of capacities in the areas of job cost and budget analysis, tenant lease structuring and negotiation, and was responsible for maintaining and creating tenant relationships and identifying development opportunities for the company.
Mr. Russell has served on numerous Boards, both public “for profit” and civic. Ed resides in Grosse Pointe Farms, Michigan with his wife Marcia, and is the father of three grown daughters.