John E. Akridge III
Chip Akridge, Founder and Chairman of the commercial real estate firm bearing his name, is an innovator in the industry, a committed advocate of community initiatives in the Washington, DC region and a dedicated supporter of philanthropic and charitable organizations.
Mr. Akridge founded the firm in 1974 to specialize in commercial real estate in downtown and suburban Washington, DC. Since then, Akridge has acquired or developed more than 11 million square feet of office, retail, industrial/warehouse and research and development space in the region. Currently, as Chairman of the company, he is responsible for corporate oversight and strategic planning. He is continually focused on developing the highest quality products and delivering superior Client service.
Mr. Akridge leads the commercial real estate industry in regulatory, legislative and financial changes in Washington, DC. Mr. Akridge was the first to use the “Woodies Act,” which enables developers to lease the air rights above and below a public area in order to join properties. He was also the first to use the DC Tax Increment Financing Program to build a mixed-use complex that revitalized the city center. Mr. Akridge worked closely with the city government to develop innovative legislation that created the housing linkage program, Business Improvement Districts, Tax Increment Financing and regulatory guidelines to improve the water quality of the Anacostia River. He has served as a member of the Economic Development and Executive Committees of the Federal City Council and as Chairman of the Greater Washington Board of Trade’s Emergency Preparedness Task Force.
A strong advocate for the environment, Mr. Akridge has served on the Board of Trustees of the Chesapeake Bay Foundation, the Nature Conservancy of Maryland/DC, and various agencies of the city government. He testifies frequently in support of environmentally-friendly legislation before the DC Council and the Maryland State House and Senate. He is committed both personally and professionally to sustainable building design — earning numerous Smart Growth awards, earning the LEED Accredited Professional designation and is an EPA Energy STAR partner.
Mr. Akridge is also a leader in philanthropic and civic organizations in the Washington, DC area. He is the Chairman of the Trust for the National Mall, a non-profit created to assist the National Park Service to restore the National Mall. Previous philanthropic leadership initiatives include: Chairman of The John Akridge Homeless Foundation, member of the Board of Directors of the National Alliance to End Homelessness, member of the Board of Trustees of The Georgia Tech Foundation and member of the President’s Advisory Board of Georgia Institute of Technology.
Mr. Akridge is a veteran of the United States military and has a Master of Business Administration in Finance and Real Estate Development from Harvard University’s Graduate School of Business Administration. He received a Bachelor of Science in Mechanical Engineering from Georgia Institute of Technology.