By AZ Big Media
On July 1, NAIOP announced a new name for the organization: the Commercial Real Estate Development Association, or CREDA. According to CREDA, the new moniker better communicates the broad scope of commercial real estate work members engage in, such as multifamily housing, retail destinations, logistics and fulfillment facilities, offices, mixed-use developments, data centers and more.
“Commercial real estate development is about far more than buildings — it is about creating the places and infrastructure that allow communities and economies to thrive,” says Cheryl Lombard, president and CEO of CREDA Arizona. “Our new name reflects the breadth of that responsibility and the evolving role our industry plays in Arizona’s future. CREDA Arizona better represents who we are today and strengthens our ability to bring together leaders across sectors to advance responsible, long-term growth.”
When CREDA formed nearly 60 years ago, the association consisted of a small group of owners and developers of industrial parks, which is why it was first called the National Association of Industrial Parks. By 1976, changes in membership prompted leaders to amend its name to the National Association of Industrial and Office Parks. That branding carried the organization through 2009, when it decided to drop the words behind the acronym, going simply by NAIOP.
