--Foundry welcomes key client, Torreno Realty Corporation, as a result of strategic acquisition--
Miami, FL (January 27, 2016)
Multi-city commercial real estate firm Foundry Commercial has added over one million square feet to its industrial property management portfolio after acquiring South Florida property management firm TROLEM. As a result of the acquisition, Foundry Commercial will expand its customer base in South Florida. One of the customers gained through the acquisition is Terreno Realty Corporation – a San Francisco-based company that acquires, owns and operates industrial real estate in six major U.S. coastal markets.
Previously owned and operated by commercial real estate veteran and recent Foundry recruit Ford Gibson, the firm will enhance Foundry Commercial’s growing leasing and management portfolio as it continues to invest and expand in the region.
“The most exciting aspect about this acquisition is the fact that we get to continue serving some of the best real estate owners in the Southeast, who share our interests in developing and managing quality real estate that is an asset to the tenant’s business and their ultimate growth and success,” said Ford Gibson, managing director at Foundry Commercial. “Given our experience, the talent of our team, and the passion they have for their customers, we are confident that we are the best team to serve them and look forward to building an even deeper relationship.”
Gibson elected to join Foundry Commercial earlier this year in order to pursue his passion for development and investment projects.
“This acquisition is proof that, with the leadership and talent we have in South Florida, the possibilities for growth in the market are limitless,” said Pryse Elam, president of development & investments and CIO at Foundry Commercial. “Bringing Ford Gibson on board earlier this year was one of the best decisions we’ve ever made as a company, and adding the TROLEM team to our roster of talented associates will help deepen and broaden our service in
The acquisition will add more than one million square feet of management assignments to Foundry’s existing South Florida portfolio. As Foundry Commercial looks to expand its development and investment activity in South Florida with projects like the 1.75 million square-foot Carrie Meek Industrial Business Park, in addition to its growing services business, it is evident that Foundry Commercial is dedicated to the South Florida market and will continue to build upon its differentiated platform that is fully focused on delivery value for its customers.
About Foundry Commercial
Foundry Commercial is a full-service real estate services and investment company with 270 employees and nearly 45 million square feet of space under management and leasing across the Southeast and Texas. Foundry provides corporate services, brokerage, leasing, building management and project management services, and is the largest real estate service provider to religious and not-for-profit organizations in the country. Foundry also includes a development and investment platform that is fully integrated into its services business, leveraging its local market expertise to control more than $500 million in advantaged investment opportunities in partnership with its clients. Foundry Commercial was founded as CNL Commercial Real Estate in 2007 and launched as Foundry in 2015 through a management led buyout. For more information, visit www.foundrycommercial.com.