Peter B. Fox is Founder of Fox Development Corporation, a real estate development firm which develops, manages, and leases approximately 1.5 million square feet of office and retail space in Champaign, Illinois. Mr. Fox formerly served as Senior Managing Director of Bear, Stearns & Co. Inc. from 1985 to 1997. In 1997, he relocated to Champaign to devote more time to his real estate development, small business loan and consulting businesses. Mr. Fox and his companies are focused on creating and retaining jobs associated with technology and the service sector. Most recently, he accepted the responsibility of serving as Manager of Fox/Atkins Development, LLC, developer and manager of the Research Park at the University of Illinois in Champaign. In addition to being the developer of the Research Park, Fox/Atkins invests in companies in the Park through equity on debt, funding, or favorable lease terms. In August 2008 the I Hotel and Conference Center, a joint development of Fox/Atkins and the University of Illinois, had its grand opening. The I Hotel and Conference Center is located on the UI campus in the Research Park and also features a Houlihan’s restaurant franchise. In addition, Mr. Fox has investments in start-up companies and restaurant chains including Jimmy John’s. Over the past several years, the development team has acquired six, built ten Jimmy John’s stores, three in Bloomington, Indiana, three in Durham/Chapel Hill/Raleigh, North Carolina and two in Columbia, South Carolina. Mr. Fox and his family have a heavy involvement with the local community including the adoption of five elementary schools and three UIUC endowed professorships. Mr. Fox received a Bachelor of Science degree from Stanford University in Economics and Political Science. He resides in Champaign with his wife and two children.
Contact Peter at (217)351-1430x15.
