CBRE Hires Ajay Kalra as Iowa Market Leader

CBRE announced today that Ajay Kalra has joined the firm as Managing Director and Market Leader for its Iowa business. In this role, Mr. Kalra will oversee business operations and drive the market’s growth strategy for all Advisory Service lines of business, including leasing, sales, debt and structured finance, valuation and property management. He will lead CBRE’s office in Des Moines.

“Ajay has proven to be a well-respected business leader with an established track record in Des Moines and throughout Iowa,” said Jeff Kaiser, Senior Managing Director in St. Louis. “With his fresh perspective and the vast amount of business knowledge he’s bringing to CBRE, I have no doubt the Des Moines office will continue to see significant growth across all business lines under his leadership.”

Mr. Kalra has nearly 10 years of experience in business management and leadership across several different industries. Most recently, Mr. Kalra served as a Senior Investment Manager at the Iowa-based full-service real estate private equity firm LCS Real Estate, where he assisted with the company’s investment strategies, performed financial analysis, conducted market research and managed several senior living properties across Iowa.

Alongside his commercial real estate experience, Mr. Kalra previously served as a Regional Manager at Keurig Dr Pepper, where he managed 30 company branches throughout Iowa and was responsible for over $400 million in sales. Earlier in his career, he was a Pricing Manager at Ruan Transportation Management Systems and was responsible for the management, administration, and execution of financial results regarding pricing activities for new and existing Iowa customers.

“While I’ve worked alongside some of the finest business minds in Des Moines over the last decade, I’m thrilled for this new opportunity to work with a firm and team with such a prestigious reputation as CBRE,” said Mr. Kalra. “As the Iowa market continues to grow, I look forward to working with CBRE leaders and team members across all service lines to deliver exceptional outcomes for our clients.”