HOUSTON, Oct. 23, 2018 (GLOBE NEWSWIRE) -- Transwestern Development Co. (TDC®) today announces it has expanded its national Logistics Group, previously called Ridge, with industry veteran John Thomas at the helm as Managing Partner. Based in Dallas, Thomas will oversee the firm’s significant industrial pipeline and manage regional offices in Texas, Illinois, California and Georgia with plans to open more across the U.S.
“With demand for high-quality logistics space continuing at robust levels, we continue to expand and add to our team at the most senior levels,” said Carleton Riser, President of TDC. “As proven professionals with millions of square feet of successful projects, John and Steve have shown keen ability to identify opportunities and deliver superior financial results. They will be tremendous assets to our company and investment partners.”
With more than 35 years of commercial real estate development and investment experience, Thomas recently served as Senior Managing Director at CBRE Global Investors where he oversaw the firm's North American logistics investment strategy and was the global practice leader for the logistics business. He also founded USLF 1, an institutional real estate investment fund that committed over $100 million to build modern logistics assets. Earlier, he established Hillwood Investment Properties’ European logistics platform and held senior roles with Panattoni Development Co., Trammell Crow Co., and Clarion Partners, where he co-founded the firm’s Lion Industrial Trust Fund.
“The industrial sector has gone through tremendous change since the e-commerce boom began, and design is still evolving to meet the logistics needs of major e-commerce players,” said Thomas. “This presents significant opportunity for TDC to provide high-quality, modern facilities that will deliver unmatched value for tenants and investors.”
In addition to Thomas, TDC has recruited Stephen Batcheller as Regional Partner to facilitate the firm’s expansion along the West Coast. Based in Orange County, California, he previously worked at Panattoni Development Co. as a Partner, where he was responsible for all aspects of the company’s office and industrial activities in the Inland Empire, Orange County and a portion of Los Angeles County.
Transwestern Development Co. has completed more than $2.9 billion in commercial real estate projects since 2012, consisting of 19 million square feet of industrial space, 2.2 million square feet of office space, 299,000 square feet of healthcare and retail space, and 4,800 multifamily units.
ABOUT TRANSWESTERN DEVELOPMENT CO.
Transwestern Development Co. is a diversified business with expertise and experience in all commercial property types. The firm executes projects through a variety of venture and contract structures and has been creating commercial landmarks for itself, its partners and valued customers throughout the U.S. since 1978. Transwestern Development Co. operates as a principal, investing capital alongside its institutional equity partners in the development of speculative and build-to-suit projects, and as a fee developer for clients and user-owners. The company has amassed valuable experience in construction, design, sustainability, leasing, acquisitions, finance and asset management. As a member of the Transwestern Enterprise, the firm capitalizes on the market insights and operational expertise of its affiliates, which include a diversified real estate services firm with 35 U.S. offices and a real estate investment management company. Please visit transwesterndevelopment.com for more information.
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