TCC Real Estate Foundation Board

The TCC Real Estate Foundation Board is a dynamic cross-section of the real estate industry in South Hampton Roads, from development to banking to legal to construction to architecture.


Burrell Saunders

Chair and Treasurer

Burrell Saunders is CEO and co-founder of Saunders + Crouse Architects of Virginia Beach. The firm has provided master planning, urban lifestyle architecture, open-space designs, parking strategies and avenues for public input for a number of major projects, including Virginia Beach’s Town Center.

Understanding that cooperation between civic leaders, citizens and investors is fundamental to the success of any comprehensive plan, Mr. Saunders dedicates his energy to shaping public initiatives that will produce long-term benefits for communities. One of the firm’s current projects is the new ODU art museum.

Mr. Saunders has planned and designed four major town centers and over 50,000 acres of mixed-use properties across the Mid-Atlantic. He is a member of the American Institute of Architects and the International Interior Design Association.


William A. Hudgins

Vice Chair and Secretary

Bill Hudgins is the senior development manager of the mid-Atlantic market for Panattoni Development Company, where he is principally focused on industrial, office and build to suit development in Virginia and North Carolina.

Prior to joining Panattoni, Mr. Hudgins served as president of HL Development Services Group and senior vice president of Harvey Lindsay Commercial Real Estate, where he successfully brought to market more than $500 million and 2.5 million square feet of mixed-use projects in the greater Norfolk region. Prior to the development focus, he served as a broker with Harvey Lindsay Commercial Real Estate.

Mr. Hudgins previously worked with Riggs National Bank in Washington, D.C. He received his M.B.A. from the University of North Carolina at Chapel Hill.


Laura M. Arcand


Laura Arcand is an executive vice president of TowneBank. She is the senior real estate finance lender and is based at the Member Service Center in Suffolk, where she leads a team of bankers handling the banking needs of commercial and residential real estate developers and builders. Ms. Arcand has more than 20 years of experience in the real estate banking industry.

She received her bachelor’s degree from the University of Richmond and a master’s degree in business administration from the College of William & Mary.


Lee Armistead

Director Emeritus

Dr. Lee Armistead is Director Emeritus of the TCC Real Estate Foundation. Appointed to the TCC College Board by the Portsmouth City Council in 2008, he served for many years as the board’s representative to the Real Estate Foundation Board. He stepped down from the College Board in 2016 at the end of his term.

Dr. Armistead has served TCC and his native South Hampton Roads as an educator and community leader for almost four decades. After 13 years as a teacher in the Chesapeake Public Schools, he became an administrator and ultimately retired with 31 years of total service. Not long afterward he began a second career with TowneBank.

After receiving his undergraduate degree in business from Frederick College – a predecessor of TCC — Dr. Armistead went on to earn a master’s in business from Virginia Commonwealth University. He then earned a certificate of advanced graduate study and a doctorate in education with a major in educational administration from Virginia Tech.

In addition to his ample volunteer leadership in higher education, Dr. Armistead completed two terms on the Portsmouth Parks and Recreation Commission, including a three-year tenure as chair.

Dr. Gregory DeCinque

Gregory T. DeCinque

Ex Officio

Dr. Gregory T. DeCinque is Tidewater Community College’s interim president and ex officio director of the TCC Real Estate Foundation Board.

Dr. DeCinque (pronounced dee-SINK-yew) was president of Jamestown Community College for nearly 20 years – that institution’s longest serving president — before retiring in August 2013. As president of JCC, he not only led the campus through its transition to a regional community college, but also had extensive experience in steering the college through financial difficulties.

During his tenure, the college moved from sponsorship solely by the City of Jamestown to regional sponsorship that includes Chautauqua and Cattaraugus counties along with the city. JCC also advanced regional educational and workforce training opportunities, including its partnership with the Manufacturers Association of the Southern Tier to create the Manufacturing Technology Institute and the establishment of a number of new degree and certificate programs including biotechnology, environmental science, entrepreneurship, occupational therapy assistant, professional piloting and welding technology.

Subsequently, he served for nearly two years as interim president of Cayuga Community College in Auburn, N.Y., a two-campus institution of about 5,000 students. Arriving in November 2013, he found an institution in financial straits, but by the following summer, Dr. DeCinque was able to announce that $1 million would be added to the college’s fund balance for the 2014-15 fiscal year. Cayuga is now receiving more applications and is expecting an enrollment increase for Fall 2018.

He was acting president of Tunxis Community-Technical College, in Farmington, Conn., for more than a year beginning in August 1992.

Dr. DeCinque, a native of New Jersey, earned his Ph.D. in Educational Administration from the University of Texas at Austin, a master’s degree from New York University; and a bachelor’s degree from Montclair State College. He and his wife, Laura, have two sons.

Matthew Baumgarten

Matthew Baumgarten

Assistant Secretary

Matthew J. Baumgarten is Executive Director of the TCC Real Estate Foundation and Chief Operating Officer for Facilities and Public Safety.

Mr. Baumgarten provides day-to-day leadership for TCC’s Facilities Management Department and the College’s Real Estate Foundation. He joined TCC in November 2015, bringing to the college 18 years of progressive real estate development and construction management experience.

For 10 years, he was design/build project manager and owner’s representative for Lincoln Property Company of Norfolk, managing all aspects of the development process and all phases of construction for military family housing neighborhoods in the Mid-Atlantic. In that role, he led the design process and budget development; coordinated the bidding process; negotiated contract awards, cost and schedule; and oversaw the construction management process.

Previously, Mr. Baumgarten was project engineer with Sussex Development Corp. of Virginia Beach, assigned to the joint-venture company that built Virginia Beach’s new convention center; project manager for Chianelli Building Corp. of Norfolk, where he managed the construction contract at Marine Corps Base Camp Lejeune; and a project manager with J.D. Miles and Sons, Inc., of Chesapeake.

As a nuclear engineer-qualified submarine warfare officer in the U.S. Navy, he was assigned to the U.S.S. James K. Polk SSN-645 homeported here in Norfolk.

Mr. Baumgarten holds a bachelor’s degree cum laude in mechanical engineering from Manhattan College in New York City and is a graduate of the Navy Nuclear Power Program Officer Course. He is a Virginia Beach resident.


John D. Padgett

Ex Officio

John D. Padgett is an ex officio member of the board, representing the TCC College Board.

Mr. Padgett was appointed to the Tidewater Community College Board by the Norfolk City Council in 2011. Managing Partner of McGuireWoods’ Norfolk Office, he is an attorney whose expertise in advising corporate clients on a wide range of issues is matched by his commitment to myriad South Hampton Roads civic and philanthropic organizations.

A native of Norfolk, Mr. Padgett received his Bachelor of Arts with Distinction from the University of Virginia and his J.D. from the Washington & Lee University School of Law.

He has given of himself to — among others — local organizations including the Hampton Roads Economic Development Alliance, of which he is chair; Hampton Roads Chamber of Commerce and the Hampton Roads YMCA, both of which he served as chair; and the Rotary Club of Norfolk, of which he is past-president. Mr. Padgett has also previously served as the chair of the State Council of Higher Education for Virginia.


James K. Spore


Jim Spore is president and CEO of Reinvent Hampton Roads, a community leadership initiative focused on generating high-paying, satisfying jobs to underpin a vibrant economy. He retired in 2016 after serving the City of Virginia Beach for 24 years as its city manager.

Mr. Spore was instrumental in the development of the TCC Virginia Beach Campus, forging an enduring and positive partnership between the college and the city. In 2001, TCC and Virginia Beach Public Schools opened the 134,000-square-foot Advanced Technology Center. In 2005, Mr. Spore was key to the development of the Joint-Use Library, which comprises the services, programs and collections of both a public and academic library. Under his leadership, the City of Virginia Beach purchased 6 key parcels and conveyed them to the college at no cost to enable future growth and implement a shared vision for higher education in Virginia Beach.

Mr. Spore holds a master’s degree in public administration from the University of Colorado and bachelor’s and master’s degrees in urban planning from the University of Illinois.


Kenneth Stepka


Ken Stepka is chairman emeritus on the Board of Directors of Clark, Nexsen, Owen, Barbieri & Gibson, P.C. Before retiring as chief executive officer of Clark, Nexsen in 2011, Mr. Stepka had been with the company for nearly half of its history, advancing up the ranks and holding key leadership positions. He has 46 years of extensive experience in project management, subcontract administration and client interface. Stepka became general manager of the Clark, Nexsen headquarters in Norfolk in 1985 and was named an executive vice president in 2000. He holds a bachelor’s degree in engineering from Old Dominion University.


Prescott Sherrod


Prescott Sherrod is the President/CEO and Owner of PEMCCO, Inc., a minority owned systems integration, installation, and management services firm. Mr. Sherrod has over 20 years of systems design, engineering and installation and management experience in the Department of Defense, Port/Maritime, and Transportation/Transit industries. His corporate office is located in Virginia Beach, with remote presence in Norfolk, VA, Arlington, VA, Rochester, NY, Long Island City, NY and West Point, NY. He is a graduate of Virginia State University with a B.S.E.T., and received his Master’s in Engineering Management from The George Washington University. Mr. Sherrod’s passion for community and minority business interests is evident in his involvement and affiliations on both local and state levels. He serves as the Immediate Past Chair of the Minority Business Council, a Commissioner of the Virginia Beach Development Authority (VBDA); member of Virginia Beach Public School’s General Advisory Council for Technical and Career Education; Past President of the Hampton Roads Chapter of the Conference of Minority Transportation Officials (COMTO), Chairman of the Transportation DBE (Disadvantage Business Enterprise) Advisory Committee (TDAC); Hampton Road Citizen’s Transportation Advisory Committee (CTAG), and was appointed to the Commonwealth of Virginia’s Small Business Advisory Board (SBAB), representing the 2nd Congressional District. Mr. Sherrod and his firm are affiliated with a number of other professional associations related to his company’s professional interests.


Jeff Ainslie


Jeff Ainslie has more than 45 years of direct, head and hands-on experience in the shelter industry in both residential and light commercial construction. He began working the jobsites checking quality, then moving to product design, evolving to design low-to-mid-rise and multi-family units along with single family homes ranging from 1,500 to over 10,000 Sq Ft. Beginning in the field and working in dozens of positions allowed him the opportunity to focus on creating detailed land plans, site development specs, advanced building techniques with multiple integrated quality control measures and ultimately designing a state of the art builder information system that tracks everything from the initial concept to final delivery for the client and streamlined operation of the facilities if the properties are retained in their portfolio. Working while earning his degree in Marketing/Finance at ODU, he was able to leverage the classroom knowledge with daily practical experience in which he was involved to achieve a much broader learning platform and deeper understanding of the collaboration required to create repeated successes no matter what type or size the project.


Ashton Lewis


Mr. Lewis, a lifelong resident of Hampton Roads, was educated in the public schools of Chesapeake and graduated from Randolph-Macon College in 1968. Returning home, he joined his father in the family automobile business, Bill Lewis Chevrolet. As a result of Mr. Lewis’ record of commitment to community, including one year of gratuitous service as Interim President of Eastern Virginia Medical School, he was chosen Portsmouth’s First Citizen in 1988. Elected to the Beazley Foundation Board in 1990, he is currently an active principal in the First Team Auto Group, with dealership locations in Chesapeake, Suffolk, Roanoke and Christiansburg, Virginia.

Ashton has served on the governing Board of the Beazley Foundation for 27 years, currently chairs the Personnel Committee and sits on the Investment and Nomination Committees.