GlobeSt.com (September 02, 2020) – Even during a pandemic the industrial asset class continues to fare well. It would seem, to the uninitiated, that navigating this space was an easy task with every market and industry asset type ripe with opportunity. While fundamentals are robust for the industrial category, spotting a new opportunity, building a new market and finding the right tenant for a product in that market requires skill and expertise.
As always, our selections are not based on sheer numbers—who closed the most deals, for example, or racked up the highest deal volume. Rather, we look for the people, teams and organizations that have that skill and expertise and who made a mark in the past twelve months in this category. With that in mind, we present to you our picks for this year’s industrial influencers.
CROW HOLDINGS INDUSTRIAL
A subsidiary of Dallas-based Crow Holdings, Crow Holdings Industrial launched in 2013 to develop high-quality, environmentally sustainable industrial facilities for such companies as Amazon, Whole Foods, LG, Williams-Sonoma, Uline and Wayfair. In just seven years, Crow Holdings Industrial has built 23 million square feet of industrial space, a total of 60 properties, including distribution centers, fulfillment centers and last-mile logistics properties. The firm’s market impact has increased 300% in the last three years, and the fourth quarter 2019 was its most active with 8 million square feet under construction, record leasing activity across the portfolio and $275 million in property sales.
As Crow Holdings’ portfolio and market share has grown, so has its team and geographic footprint. The developer started its operations in California and has expanded into the Northeast and Midwest markets with six offices. Under CEO, Ken Valach’s direction, the firm currently has properties under construction in New Jersey, Atlanta, California, Houston, Dallas, Chicago and Washington with 9 million square feet in its pipeline and 11 total projects.
Environmental responsibility is a cornerstone of the company, and Crow Holdings aims to use green warehouse standards to reduce energy consumption, costs and emissions, and sources green and recycled building materials whenever possible. LED lighting and EV car charging stations are typical building features in Crow Holdings Industrial projects, and it always attempts to achieve LEED certification. These practices also translate to tenant wellbeing. To ensure health and wellness in its properties, the developer includes outdoor seating, walking trails and food truck parks while positioning properties near labor centers to reduce commute times.
Read more here: https://www.globest.com/2020/09/02/industrial-influencers/