Creation will build $200 million in industrial developments across three sites in New York and New Jersey.

The Arizona based firm has been pursuing opportunities in the tri-state area since early 2021, attracted by underlying market fundamentals, population and employment trends and high barriers to entry. Last month, the firm hired Luke Georgiadis, Vice President of Transactions, who will continue to grow Creation’s footprint on the East Coast and its New York City office opening in early 2023. These first three projects by Creation were done as part of a $1 billion joint-venture portfolio with institutional investors advised by J.P. Morgan Global Alternatives.

David Hoffman

 

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