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REAL ESTATE LOUIS S. ‘LOU’


HADDAD PRESIDENT AND CEO, ARMADA HOFFLER PROPERTIES INC., VIRGINIA BEACH


Haddad came to Armada Hoffler Construction Co. in 1985 as an on-site construction superintendent, and two years later, a few months shy of age 30, he was promoted to president of that company. Haddad eventually became president of all the commercial real estate company’s entities, and in 1999, he rose to CEO. Today, the company employs approximately 150 people, including 120 in Virginia. During a February earnings call, Haddad said that mem- bers of Armada Hoffler’s board and the company’s executives took voluntary pay reductions during the pandemic, but that all other members of their team received yearly pay increases on time in fall 2020, as well as year-end bonuses. “Their performance through- out this difficult year has been nothing short of remarkable,” he said, “and that performance must be rewarded.” Haddad and his wife, Mary, co-founded a foundation in 1999 that develops and supports educational projects designed to assist at-risk students and provides scholarships for students who want to go on to earn certifications or attend college. In 2019, he was appointed to the University of Virginia board of visitors.


WHAT MAKES ME PASSIONATE ABOUT MY WORK: The ability to change skylines, foster careers and add to the greater good.


MOST RECENT BOOK READ: “Project Hail Mary,” by Andy Weir


FAVORITE BEVERAGE: Iced tea


MARK HOURIGAN FOUNDER AND CEO, HOURIGAN GROUP, RICHMOND


In 1993, Hourigan founded his Richmond-based construction and development firm, which operates throughout the mid-Atlantic and has offices in Richmond, Charlottesville and Virginia Beach. Hourigan, in partnership with Washington, D.C.-based real


estate investment company DSC Partners, broke ground in May on a 560,000-square-foot spec building at Deepwater Industrial Park near the Richmond Marine Terminal. Additionally, Hourigan is working on Charlottesville’s Apex Plaza, an eight-story office building with sustainable design fea- tures that’s billed as Virginia’s tallest building made of timber. The company also co-designed and built Dominion Energy Inc.’s distinctive, reflective corporate headquarters in down- town Richmond, while also overseeing the implosion of the utility’s former HQ building. In June, Hourigan was selected as the Engineering News-


Record mid-Atlantic Contractor of the Year. It saw a 40% increase in revenue in 2020, up from $335.37 million in 2019. A University of Richmond business school alum,


Hourigan sits on advisory boards for Virginia Tech’s College of Architecture and Urban Studies and the Myers-Lawson School of Construction. He also serves on the board of the Community Foundation for a greater Richmond and as the chair of the executive committee of ChamberRVA.


162 VIRGINIA 500


JON JENNINGS PRESIDENT, L.F. JENNINGS INC., FALLS CHURCH


Led by Jennings since 2000, family-owned general contracting firm L.F. Jennings Inc. delivers everything from commercial to multifamily to parking garage projects. Founded in 1952 by Lawrence


Floyd Jennings, Jon Jennings’ grandfather, the company began as a masonry contracting business. Jon Jennings’ father, Larry T. Jennings, joined the enterprise in 1965. By the 1980s, the firm began building larger-scale properties for commercial developers. Today, the company employs more than 350 people, with projects across the state, as well as in Maryland and Washington, D.C. Among its highlights are the new Fredericksburg Nationals baseball stadium, the 2020 renovation of the 110-year-old Stumpf Hotel in Richmond and Loudoun United’s Segra Field.


CARL HARDEE PRESIDENT AND CEO, THE LAWSON COS., VIRGINIA BEACH


With more than three decades of experience at The Lawson Cos., Hardee has overseen the company’s operational and financial stability, as well as its orga- nizational growth, since 2016, when he succeeded Lawson Cos. Chairman of the Board Steve Lawson as president and CEO. Founded in 1972, Lawson manages and owns nearly 6,000 apartments, with about 1,200 units in development. The company’s Seaside Harbor Apartments in Virginia Beach were featured in a recent U.S. Department of Housing and Urban Development case study, which highlights proj- ects that use innovation in affordable housing.


Completed in 2018, the project created 76 quality affordable housing units for people with devel- opmental disabilities, families with accessibility


needs and the workforce at the Oceanfront. Hardee earned his bachelor’s degree from


Virginia Military Institute in 1987 and is a U.S. Army veteran who served in the Gulf War. He serves on TowneBank’s Portsmouth/Suffolk board of directors and the local advisory committee of the Hampton Roads office of Local Initiatives Support Corp.


BRETT HITT CO-CHAIRMAN, HITT CONTRACTING INC., FALLS CHURCH


Aſter earning a bachelor’s degree in building construction from Georgia Tech in 1984, Hitt joined his family-owned company, starting as a project manager. He was named co-president in 2005, and 12 years later became co-chairman of the board. Started by Hitt’s grandfather and grandmother, Warren and Myrtle Hitt, as a residen- tial painting and decorating business in 1937, Hitt Contracting is one of Virginia’s largest general contractors, frequently taking on industrial projects such as warehouses and data centers. The company brought in $2.6 billion in revenue last year and has 1,200 employees across 12 locations, with 800 working in Virginia. Last September, Hitt’s father, chairman emeritus Russell A. Hitt, died. “My dad’s focus has always been an incredible work ethic and taking care of the people around you,” Brett Hitt said. “These principles are the core ideology of Hitt today.”


HOBBY/PASSION: I love reading and learning new things.


NEW LIFE EXPERIENCE: The birth of his first grandchild: “Makes you realize that life is precious and so much bigger than just ourselves.”


MOST RECENT BOOK READ: “The Ministry of Common Sense: How to Eliminate Bureaucratic Red Tape, Bad Excuses, and Corporate BS,” by Martin Lindstrom


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