FAIRFIELD, NJ –Woodmont IndustrialPartners, an affiliate of WoodmontProperties, has named David Iacobucci managing director inthe firm's Fairfield, NJ office. Iacobuccioversees day-to-day operations and seeks new investments to growWIP's portfolio of seaport and inland port-oriented warehousedistribution facilities.

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“David is a well-respected industry leader, and his expertise,depth of relationships and strategic approach will be a significantaddition to our expanding platform, as we continue to seek newopportunities that provide capital appreciation with exceptionalrisk-adjusted yields,” says Eric Witmondt, CEO ofWIP. “His guidance will be an asset inidentifying, securing and developing investment-grade industrialproperties in markets that present the greatest value.”

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WIP targets strategically located industrialproperties that offer excellent access to ports, in close proximityto major logistic hubs. The firm's market focus is on select,high-barrier-to-entry and globally oriented seaport and inland portmarkets in the Northeastern United States.

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Woodmont Industrial Partners iswell-positioned for continued growth, and I look forward to theexciting new projects that are already in the pipeline,capitalizing on current opportunities as real estate fundamentalsstrengthen in the industrial sector, and building upon theworld-class platform that is already in place,” saysIacobucci.

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Before joining WIP, Iacobucciwas Division Manager of Baker Properties, theincome property division of regional real estate owner/developerThe Baker Companies, where he ran the company'sportfolio of industrial properties located primarily in New Jerseyand Eastern Pennsylvania. During his tenure atBaker, Iacobucci sourced andclosed acquisitions and dispositions for the firm in excess of $300million. He also oversaw leasing and management, and obtainedentitlements, development approvals for industrial projects inexcess of 1.7 million square feet.

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Before working at Baker,Iacobucci was Director of Asset Management for aregional real estate investor/developer in New Jersey where he wasresponsible for overseeing the renovation, re-leasing, financingand disposition of opportunistic suburban office investments in ajoint venture partnership with Credit Suisse/FirstBoston, valued at over $55 million.Iacobucci also managed the ground-up developmentof a build-to-suit class A office building for a national insurancecompany, and a speculative industrial/flex building from landacquisition through entitlements, design, construction andlease-up.

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Previously, Iacobucci managed a $130-millionportfolio of distressed property and loans for ArchonGroup, a Goldman Sachs affiliate.Iacobucci's background includes four years ofcommercial loan workout experience with a Boston-based commercialbank, five years of real estate investment banking experience andnearly 15 years of progressive responsibility identifying andcreating value in commercial real estate at private equity firmsthrough acquisitions, dispositions, development, construction,leasing, management and finance.

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Iacobucci is a licensed real estate salesperson in New Jerseyand a member of the New Jersey chapter ofNAIOP.

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Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].