Industrial Development Platform Further Enhanced with Addition of Senior Analyst
March 10, 2021
Houston – Transwestern Development Company (TDC®) announces Greg Boler and Darcie Fankhauser have been promoted to the role of Partner and Regional Partner, respectively, within the firm’s National Logistics Group. Boler and Fankhauser are responsible for identifying, planning and executing state-of-the-art logistics projects throughout the Northeast and Midwest, respectively.
“Greg and Darcie have both shown exceptional aptitude and leadership during their tenure at Transwestern,” said John Thomas, Managing Partner and leader of the National Logistics Group. “They understand what it takes to make industrial projects attractive to both tenants and investors. This has proven highly beneficial to our equity partners, and both professionals will continue to contribute to TDC’s future success as we expand our already robust development pipeline.”
Working with Regional Partner Brian Banaszynski, Boler has helped the Northeast region’s development portfolio reach 6.5 million square feet during a one-year period and has been instrumental in supporting the East Region’s growth into a $600 million platform spanning five states. Fankhauser has participated in the development of more than 5 million square feet of industrial space ranging from speculative to build-to-suit projects valued in excess of $1 billion.
Additionally, the firm has hired Erich Schwer as Senior Analyst to identify and underwrite industrial property development opportunities throughout the Northeast. He also will facilitate project design and development and support project management.
These appointments follow a series of senior leadership hires, bringing the National Logistics Group to 24 professionals across six regional offices. The group develops both speculative and build-to-suit industrial projects, primarily in major distribution markets, with expertise in intermodal logistics, e-commerce, port strategy, sustainability and municipal incentives.
“As Transwestern Development Company continues to capitalize on the strength of the industrial market and e-commerce sector, it is imperative that we engage the most talented professionals to ensure we are providing our investment partners with products and opportunities that meet their portfolio objectives,” said Carleton Riser, President of TDC. “Despite the economic uncertainty and challenging market conditions, our experts like Greg and Darcie have continued to unearth new opportunities to create measurable value for owners and users.”
In 2020 alone, TDC acquired seven sites for new industrial developments. Nationwide, the firm has 40 industrial projects totaling 20 million square feet under construction or in pre-development planning stages that are designed to meet the sophisticated needs of modern e-commerce and logistics users, demonstrated by Amazon and Walmart preleasing five of the firm’s recent industrial projects.
About Transwestern Development Company
Transwestern Development Company (TDC®) creates real estate landmarks for itself, its partners and valued customers throughout the United States. Part of the Transwestern companies, the diversified business develops logistics, multifamily, office, mixed-use and healthcare properties, with a pipeline of projects in process or completed since 2012 exceeding $5.6 billion.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.