Member News  

NAIOP Member News offers members the opportunity to promote important announcements from their company. These include personnel transactions (hirings, promotions), company news (awards, relocations, stock reports, mergers and acquisitions) and deals (purchases, sales, major financing, awarding of property management contracts, groundbreaking and topping off, leases and land sales).

Submit your news using the online form. NAIOP will review submissions for length, clarity and appropriateness. Press releases sent directly to NAIOP may not be included.

04/02/2020 Company News

CAPROCK PARTNERS ACQUIRES STATE-OF-THE-ART DISTRIBUTION FACILITY IN PHOENIX

CapRock Partners

In a deal that bolsters its position in the strategically located southwest industrial submarket of Phoenix, California-based industrial real estate investment and development firm CapRock Partners today announced its acquisition of the newly constructed 7200 W. Roosevelt St. in Phoenix. The transaction brings a 216,880-square-foot Class A property into CapRock Partners’ growing Arizona footprint during a time of surging demand for e-commerce, nearly record-low vacancy rates in Phoenix and robust demand across all distribution sectors. Situated a quarter mile south of I-10, the location’s neighbors are comprised of dozens of household name brands and enables single-day deliveries to California, Dallas, Denver and Salt Lake City. “This is a very strategic location for manufacturers and e-commerce distributors alike,” said Bob O’Neill, senior vice president, acquisitions, of CapRock Partners. “With easy access to all the major markets in the Southwest, the property counts the likes of FedEx, PepsiCo, PetSmart and Amazon as its neighbors. This has enabled us to generate preliminary interest from a variety of tenants who want to lease the facility as a distribution hub.” Spanning 12 acres, 7200 W. Roosevelt St. was recently completed and was designed to accommodate up to two tenants. The building features the following amenities: • 32' clear height • 30 dock-high doors • Two grade-level doors • 48 trailer stalls • Fully secured concrete truck court • 3,600 amps, 277/480V power • 52’ x 55’ column spacing

Contact: Jade Terry, 512-415-6923

03/12/2020 Personnel News

Abby Glassberg Named Partner at KLNB

KLNB

Abby Glassberg, a principal at KLNB, the area’s largest privately held commercial real estate brokerage firm was named partner. Glassberg has over 27 years of commercial real estate experience in Maryland, starting as a developer representative before transitioning to brokerage and investment sales. Garnering acclaim from clients and colleagues alike, she is a past winner of the NAIOP Broker of the Year Award and 2018 NAIOP Transaction of The Year Award, three-time Maryland Top 100 Women Designee and inducted into the Circle of Excellence, and the Service Above Self Award recipient. Currently, she serves as vice chair of the Howard County Public Works board, sits on the Challenge race committee for Howard Community College and the Hero’s in Health Care committee for Howard County General Hospital, and chairs the Jewish Women Prison program at the Women’s Correctional Institution in Jessup.

Contact: Alex Thompson, 410-732-6542

03/12/2020 Personnel News

Ryan Moody Named Partner at KLNB

KLNB

Ryan Moody, a principal at KLNB, a leading provider of commercial real estate services throughout the mid-Atlantic region, has been named partner for the firm. With more than 15 years of experience in the commercial real estate industry, Ryan's primary focus is on the representation of landlords in the leasing and sales of warehouse, flex and office properties in Northern Virginia and Maryland. Ryan specializes in advising owners and developers on the marketing, positioning and lease up of their assets to achieve the highest returns. Additionally, he has represented a range of owners and tenants in the selection, purchasing, and/or disposition of properties throughout Northern Virginia and Maryland, and is an active member of NAIOP. Ryan holds a bachelor’s degree from Providence College and is a graduate of Georgetown Prep.

Contact: Alex Thompson, 410-732-6542

03/03/2020 Company News

Donny Sousa Promoted to Principal/Vice President of GTA

Geo-Technology Associates, Inc.

Donny Sousa has been promoted to Vice President of GTA. With 26 years of experience in the construction industry, including 11 years with GTA, Donny is responsible for managing the construction observation and testing (COT) services department at GTA’s Somerset, New Jersey office. He provides quality assurance and quality control on a wide variety of COT projects, as well as Special Inspections for structural fill placement, footing subgrade bearing capacity, concrete placement, reinforcing steel, structural masonry, structural steel bolting and welding, spray-applied fireproofing, and exterior insulation finishing system (EIFS) for our various clients across the NY/NJ area. Donny provides training, mentoring, and oversight of field engineering technicians and laboratory operations. Additionally, he assesses field problems and provides technical assistance on various commercial and residential projects.

Contact: Dennis Loh, 732-271-9301

02/19/2020 Company News

Dermody Properties Hires Neal Driscoll as Midwest Region Partner

Dermody Properties

Dermody Properties, a national real estate investment, development and management company specializing in acquisitions and development of logistics properties, has hired Neal Driscoll as Midwest Region Partner. He is based in the company’s Chicago office. In this position, Driscoll is responsible for the company’s expanding portfolio across the Midwest Region including the pursuit of acquisition, development, redevelopment and build-to-suit opportunities. Before joining Dermody Properties, Driscoll was Vice President and Market Officer for Liberty Property Trust. During his 15-year career with Liberty Property Trust, he oversaw a portfolio that grew from eight million to 19 million square feet of industrial space across the midwestern United States. He was also responsible for all aspects of acquisition, disposition, (re)development, leasing and operations. Prior to that, Driscoll served as an industrial broker, providing investment and representation services in the Midwest. Driscoll is an active member of NAIOP, Society of Industrial and Office Realtors (SIOR) and Association of Industrial Real Estate Brokers (AIRE), and also serves on not-for-profit advisory boards. He holds a Bachelor of Arts Degree in Real Estate and Finance from the University of Wisconsin, Milwaukee.

Contact: Chrisie Yabu, 775-686-7437

Jones Lang LaSalle Prologis