Cervenka Development Partners Opens for Business

Tom and Sasha Cervenka have teamed up to open a woman-owned firm, Cervenka Development Partners, focused on nation-wide commercial real estate development, value-add projects and comprehensive real estate consulting services.

“Our primary goals are to identify and acquire suitable land for development, navigate the entitlement process efficiently, construct high-quality buildings and create sustainable spaces for our tenants.  We are looking forward to creating true partnerships with some of the best-in-class contributors in the real estate space,” Tom Cervenka, Principal, Development and Construction

“We’ve already begun spearheading several new projects that we’re excited to bring to the investment community,” Sasha Cervenka, Principal, Investor Relations

Meet Tom Cervenka – Principal, Development and Construction

Tom was born in New York City as a first generation American to Czech parents. They soon moved to New Jersey where Tom grew up on White Meadow Lake and later graduated from Morris Hills High School in 1991. He went on to Purdue University where he received his B.S. in Mechanical Engineering. After graduating from Purdue, he took a management role at Abbott Laboratories where he learned the ropes of Corporate America. Two years later he returned to the engineering world at Hill Mechanical, the largest HVAC contracting firm in Chicago. During his eight years at Hill, he was not only exposed to the entrepreneurship associated with a family run business but gained valuable experience managing large commercial construction projects throughout the Chicagoland area. After eight years, he realized his true calling was in the ownership side of real estate development.

In 2005, Tom joined InSite Real Estate, a national build-to-suit developer focused on small retail pad sites and large industrial warehouses, where he held many roles throughout his nearly 17 years from Managing Director of Development, Managing Director of Information Systems, Managing Director of Business Development and most recently, Project Principal charged with sourcing deals for InSite. During his tenure, Tom has been an integral part of hundreds of deals completed by InSite and has gained tremendous experience along the way. The entrepreneurial nature of this family run business has given Tom the opportunity to not only lead but learn first-hand each and every aspect of the development process from negotiating contracts, conducting due diligence on sites, engaging and managing consultants, perfecting lease negotiations and managing the entire site development process start to finish. This culminated in his final role as Project Principal charged with sourcing new deals for the company seeing them through from site selection to successful tenant occupancy. 

Since his mid-20’s, Tom had dreams of running his own business someday and has decided to join forces with his wife Sasha in forming Cervenka Development Partners. Both Tom and Sasha are laser focused on leveraging their unique skills and their long history of experiences to successfully and profitably joint venture with eager land owners and savvy investors. Tom held a Professional Engineer license and currently maintains his Managing Brokers License in the State of Illinois. He is heavily involved with helping Ukrainians fleeing the war, resettle and become productive citizens of the United States. Tom and his wife Sasha live in the Chicago suburbs where they are raising two very teenagers, Sparky the rescue dog, and Petie and Sprite (the cats).

Meet Sasha Cervenka – Principal, Investor Relations

Sasha grew up near Galena, Illinois and graduated from Western Illinois University in 1995. Early in her career, she held senior corporate communications positions at Allstate, Navistar and Ace Hardware. Sasha then worked at USG Corporation, where she served as Chief of Staff to the CEO. She led communications that helped transform the culture and reputation of the 100-year-old manufacturing company into the world’s leading provider of building products and solutions. She steered the company through many transformational moments including the acquisitions of several companies to build the innovation pipeline, the divestiture of their distribution channels, and the navigation of a highly publicized anti-trust litigation.

After USG, she was a member of the Morningstar executive team since early 2017. Sasha led all global corporate communications, media relations and public affairs as their Senior Vice President of Global Corporate Communications. She was responsible for elevating the company’s profile and boosting its brand reputation. She has extensive experience developing impactful communications strategies targeted to drive business outcomes and increasing engagement and thought leadership among internal and external global audiences. She is a recognized thought leader in corporate reputation strategy and advancement. She is also known for working closely with all major media outlets worldwide as well as navigating Wall Street on behalf of the organizations she supports.

Sasha participates in extensive civic, nonprofit, communications industry and diversity work, and serves on the U.S. Chamber of Commerce Foundation Corporate Citizenship Center Board of Directors. She is an active member of the United Nations Association, its women’s chapters focused on economic empowerment and the environment, the Women Executive 50 (part of World 50) organization, and an alumnus of the Corporate Leadership Center (Leading Women Executives). Additionally, she is a former board director and executive committee member for the Robert Crown Center for Health Education.

Within the communications industry, Sasha participates in the International Association of Business Communications and the Public Relations Society of America. Sasha is often asked to speak to share her insights around crisis management for corporations and advancement in the media relations profession around the globe. At Morningstar, she led the women’s employee resource group and supported the diversity and public policy councils. Sasha resides in the Chicago suburbs with her husband Tom and two children, Aricin and Finton.

About Cervenka Development Partners

Cervenka Development Partners is a woman-owned business that focuses on commercial real estate development, value-add projects and comprehensive real estate consulting services.  Our primary goals are to identify and acquire suitable land for development, navigate the entitlement process efficiently, construct high-quality buildings and create sustainable spaces for our tenants.  Above all, we ensure exceptional and predictable outcomes by partnering with best-in-class firms and most importantly, delivering excellent returns to our investors.  For further information, visit cervenkadev.com.

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