Capstone Realty, a Louisville-based commercial real estate firm, announced a new executive team. The new team will succeed founder, Chairman and CEO Hal Heiner and President Stan Franczek, leading the company into its next chapter.
Gabe Molnar will succeed Heiner as President and CEO, and Mark Meredith will succeed Franczek as Vice President, Brokerage. Heiner will continue as Executive Chairman and Franczek will serve as Board Vice President and Advisor.
Heiner founded Capstone in 1997. Over nearly three decades, the company has become one of the region’s leading developers of Class A industrial and logistics space. Its flagship projects are Commerce Crossings, a 350-plus-acre business park in Louisville, and River Ridge Commerce Center in Jeffersonville, Indiana. Capstone continues to pursue first-class development across the region, while also operating as a full-service commercial real estate firm offering brokerage, development, leasing, and property management.
Gabe Molnar, President and CEO
Molnar has served as Capstone’s Chief Financial Officer since 2014, and will continue with those responsibilities, in addition to his new role overseeing the strategic direction of the company.
Before joining Capstone, he built his career in public accounting and consulting. Molnar is a Certified Public Accountant and holds a Masters of Business Administration in Finance and Real Estate from Vanderbilt University’s Owen Graduate School of Management, and a bachelor’s degree in International Business and Accounting.
Mark Meredith, Vice President, Brokerage
As Vice President, Brokerage, Meredith will lead leasing, marketing and brokerage efforts for Capstone.
Meredith joins Capstone after six years as a Director with a large Louisville development company where he leased a portfolio of over 3.5 million SF of office, healthcare, retail and industrial space. Before entering commercial real estate brokerage, Meredith started his career in national politics and later led a business delivering complex design-build infrastructure solutions for large-scale commercial developments. He holds a bachelor’s degree in Political Science and both the SIOR (Society of Industrial and Office Realtors) and CCIM (Certified Commercial Investment Member) designations.
