Albert M. Donato Jr., 70, the longtime CEO of the Acorn Group Inc. real estate firm in downtown Indianapolis, died Monday.
Donato founded the commercial real estate and property management firm in 1988 and most recently served as CEO and board chairman. His son, Albert M. Donato III, is president of the firm.
Donato entered the commercial real estate business in 1978. His most notable projects included the redevelopment of One North Penn, where Acorn’s office is located, and the nearby Jefferson Plaza.
Donato began his career as a manager at Western Electric and later was a general partner at William C. Roney & Co., a national investment banking firm, where he served as co-manager and broker for the Indianapolis office.
Born in Indianapolis, Donato graduated from Cathedral High School in 1959 and attended Wabash College before earning a bachelor’s degree in economics from Indiana University in 1964.
Leppert Mortuary is handling service arrangements.