IRVINE, CA-CapRock Partners has named Jake Loughridge VP of acquisitions. He will be responsible for expanding the commercial real estate investment and development firm's acquisition efforts in addition to providing asset-management support for its growing investment portfolio.

Loughridge joins CapRock from Mariners Cos., a Newport Beach-based family office focused on distressed debt acquisitions throughout the US. There, he was responsible for developing and implementing the execution strategy for all acquisitions and owned assets.

Before Mariners, Loughridge spent eight years as a director at CT Realty Investors, a commercial real estate investment and development company in Aliso Viejo. While there, he was responsible for all aspects of the firm's acquisition process including underwriting, structuring and financing of potential investments.

According to Jerry Pharris, CapRock's chairman and CEO, “We are excited to have someone with Jake's talent and expertise join CapRock, and we see his addition as a key component of our continued success and expansion.”

As GlobeSt.com reported in March, CapRock, in a joint venture with Urdang, the real estate manager for BNY Mellon, sold a 238,000-square-foot class A industrial building in Newark on the edge of Silicon Valley for $22.1 million. The property was sold to Mitac Information Systems Corp., a US-based division of Taiwanese MiTAC International with core competencies in electronics manufacturing services, for $93 per square foot.