IRVINE, CA-Verde Corporate Realty Services of Texas has bolstered its local team with the addition of a new market officer to head the firm's newly formed Southern California and Arizona operations, according to managing director Alberto Chretin. The new local Verde exec is Jim McLaughlin, whose task will be to expand Verde's existing 10-million-sf industrial portfolio, through strategic acquisitions and development.
McLaughlin says that Verde, which is an owner and operator of corporate facilities on both sides of the border, will focus on the Inland Empire, San Diego, Phoenix and Tucson markets. The company will be looking for customers who need industrial facilities within 300 miles north and south of the US-Mexico border from the Pacific Ocean to the Gulf of Mexico.
The geographic region that McLaughlin will focus on is an area of specialty for El Paso-based Verde, which is an operating subsidiary of Verde Realty, a private REIT. The company was founded by former principals of La Salle Partners, Security Capital, ProLogis and Archstone-Smith.
McLaughlin, who has nearly 30 years of experience in the industry, was formerly a director with Cushman Realty in the Irvine office for five years. He was later a senior director with Cushman & Wakefield following the merger of Cushman Realty and Cushman & Wakefield in 2001.
Verde Corporate Realty Services execs in El Paso have commented in previous GlobeSt.com reports that they are bullish on the prospects for industrial and supply chain activity along the border. In one report, a Verde VP said that the company had more than four million sf of industrial property in hand along the border and a land bank to support another 7.8 million sf of development.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.