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Dallas, Texas (January 4, 2024) – Foundry Commercial, a full-service real estate services and investment firm with offices across the Sun Belt, today announced that Randy Blankenship has joined the platform as Vice President in Dallas. With over a decade of experience in the industrial space, Blankenship brings a wealth of expertise to the team, with a primary focus on industrial outdoor storage (IOS) deals.
“The industrial sector has experienced remarkable growth in recent years, bolstered by a surge in demand for logistics and light manufacturing facilities. Markets experiencing high in-migration – like Dallas – are especially driving this demand, with industrial outdoor storage facilities playing a pivotal role,” said Steve Bassett, Texas Market Leader for Foundry. “Randy’s extensive background and understanding of the Texas market uniquely position him to navigate and excel in this dynamic landscape.”
He most recently served as a Vice President at Biel Partners, where he built the tenant rep business from ground up, negotiated leases and purchase/ sale transactions for clients engaged in the office and industrial sectors. In the past five years, Blankenship has facilitated roughly 70 transactions in tenant rep leasing, landlord representation, and the purchase / sale of existing product and land. While most of these transactions were in the Dallas – Fort Worth metro, several have also occurred in Houston, Harlingen (TX), Austin, and even Alaska.
Blankenship stated, “I’m honored to join Foundry Commercial as we continue to tap into all the platform has to offer in Texas. The potential for expansion in industrial leasing, particularly in Dallas, is immense. I am eager to be part of a team that is poised to lead in this arena.”
“While the industrial segment may be cooling a bit in other areas of the country following the frenzied boom years of the pandemic, the Dallas-Fort Worth metro is still in very high demand for many companies that have traditionally invested in larger and coastal markets. Last-mile logistics dictate companies need to be close to major population centers and are still creating a real need for infill warehouses here,” Blankenship added.
Blankenship graduated from the College of Charleston with a bachelor’s degree in international business, along with double minors in global logistics and political science. Blankenship was named to D Magazine / D CEO Magazine’s Power Broker list in 2021 and 2023. He is a board member and philanthropy committee co-chair for NAIOP North Texas Developing Leaders section. He is also a member of and breakfast group leader for The Real Estate Council (TREC) in Dallas. In addition, he is a member of the North Texas Commercial Association of Realtors (NATCAR) as well as Stewards of the Wild, supporting the mission of the Texas Parks and Wildlife Foundation. He is an annual volunteer, fundraiser, and open-water swimmer participating in Swim Across America, which raises money for cancer research. Blankenship resides in the Dallas metro with his wife, Lucie, and their recently welcomed daughter, Grace.