ORANGE COUNTY, CALIF., Oct. 23, 2018 (GLOBE NEWSWIRE) — Transwestern Development Co. (TDC®) today announces it has expanded its national Logistics Group, previously called Ridge, with industry veteran Stephen Batcheller as Regional Partner to facilitate the firm’s expansion along the West Coast. Batcheller will oversee all aspects of the firm’s significant logistics pipeline.
“With demand for high-quality logistics space continuing at robust levels, we continue to expand and add to our team at the most senior levels,” said Carleton Riser, President of TDC. “As a proven professional with millions of square feet of successful projects in Southern California, Steve has shown keen ability to identify opportunities and deliver superior financial results. He will be a tremendous asset to our company and investment partners.”
Based in Orange County, California, Batcheller founded Batcheller Equities in 2004, which in various partnerships and fee assignments has since acquired, developed, leased or sold millions of square feet of property with an aggregate value in the billions of dollars. From 2007 to 2015, he worked at Panattoni Development Co. as a Partner, where he was responsible for all aspects of the company’s office and logistics activities in the Inland Empire, Orange County and a portion of Los Angeles County.
“Rising land prices in the Southern California region has not quelled enormous demand for infill last-mile development that can accelerate e-commerce delivery times,” said Batcheller. “Historically low vacancy provides us the opportunity to deliver high-quality logistics product that achieves the objectives of our clients in one of the most important logistics markets in the world.”
TDC has also recruited John Thomas as Managing Partner to lead the company’s national Logistics Group. With more than 35 years of commercial real estate development and investment experience, Thomas recently served as Senior Managing Director at CBRE Global Investors where he oversaw the firm’s North American logistics investment strategy and was the global practice leader for the logistics business.
Transwestern Development Co. has completed more than $2.9 billion in commercial real estate projects since 2012, consisting of 19 million square feet of industrial space, 2.2 million square feet of office space, 299,000 square feet of healthcare and retail space, and 4,800 multifamily units.
ABOUT TRANSWESTERN DEVELOPMENT CO. Transwestern Development Co. is a diversified business with expertise and experience in all commercial property types. The firm executes projects through a variety of venture and contract structures and has been creating commercial landmarks for itself, its partners and valued customers throughout the U.S. since 1978. Transwestern Development Co. operates as a principal, investing capital alongside its institutional equity partners in the development of speculative and build-to-suit projects, and as a fee developer for clients and user-owners. The company has amassed valuable experience in construction, design, sustainability, leasing, acquisitions, finance and asset management. As a member of the Transwestern Enterprise, the firm capitalizes on the market insights and operational expertise of its affiliates, which include a diversified real estate services firm with 35 U.S. offices and a real estate investment management company. Please visit transwesterndevelopment.com for more information.