Principals

2010

 
 

George W. Allen, is president of Oakridge Investments since founding it in 1985. Since 1971, Mr. Allen has been involved in all phases of real estate acquisition, finance and development of commercial projects. As a partner of Whisenhunt/Schaeffer in the 1970s and early 1980s, George Allen was responsible for the development, leasing and financing of commercial properties totaling in excess of one million square feet. These centers were anchored by retailers such as K-Mart, Wal-Mart, Publix Supermarkets and Kroger, Eckerd Drug, Burger King and McDonalds. In 1985, George Allen and Milton Schaeffer formed a new partnership, Oakridge Investments. In addition to developing four Orlando shopping centers totaling 200,000 square feet, Allen and Schaeffer were part of the IDEA Group which responsible for completing the 3.8 mile International Drive Extension in Orlando.

In the early 1990s, Oakridge along with Charles Hodges and his nationally-recognized architectural firm Hodges & Associates, helped pioneer the ―power center‖ concept in Dallas with the development of Preston Shepherd Place, a 363,518 square foot retail center anchored by Babies R Us, Old Navy, Borders Books, Marshalls, Stein Mart, Office Depot, Michaels and Pier One in Plano, Texas. Soon thereafter, Oakridge developed Southwest Crossing, a 480,000 square foot retail center anchored by Lowe‘s, Garden Ridge, Best Buy, CompUSA and Kohl‘s in Southwest Fort Worth along Interstate 20 near Hulen Mall. Oakridge‘s most prominent recent project has been the development of the 908,450 square foot Centre at Preston Ridge in Frisco, Texas, which ranks as the largest non-mall center in Texas and won the Dallas Business Journal‘s ―Best Retail Deal of 2000.


Milton T. Schaeffer is a 50% partner of Oakridge Investments and had been a partner in Whisenhunt/Schaeffer since 1971. A resident of Memphis, Tennessee, Schaeffer has been the owner of Bluff City Buick since the early 1960s, which was consistently one of the top performing dealerships in the Southeastern United States. Schaeffer has been an active real estate investor in Memphis, and has developed and sold numerous commercial properties in Memphis and the surrounding area including a 260-room acute care hospital operated and sold to Health Care International.


Justin G. Allen is vice president of Oakridge. After graduating Duke University in 1999, Mr. Allen began his real estate career as an analyst with Holliday Fenoglio Fowler, the largest privately-owned capital market intermediary in the nation. As an analyst with HFF, Mr. Allen underwrote and assisted with over $500 mil-lion in mortgage loans and equity placements for institutional and local borrower/developer clients including Invesco, Investcorp, RREEF North America, New Plan Excel Realty Trust, Post Properties, Crow Holdings Industrial Trust, and Winston Capital Corporation. Mr. Allen joined Oakridge Investments in 2002 as vice president. Mr. Allen‘s responsibilities include pre-leasing, pro forma economic analysis, site acquisition and construction financing, site development and vertical construction co-ordination, project leasing and structuring of the sale or permanent financing of the completed development.

 

About Us