{"id":1004091594,"date":"2014-04-30T10:46:42","date_gmt":"2014-04-30T18:46:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004091594"},"modified":"2022-12-05T00:33:59","modified_gmt":"2022-12-05T08:33:59","slug":"transwestern-growth-doran","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transwestern-growth-doran\/","title":{"rendered":"Expansion Team: Mark Doran on Transwestern’s Growth Strategy"},"content":{"rendered":"

Transwestern\u2019s bold drive to expand at home and abroad is one of the big stories among diversified commercial real estate firms today. An alliance with BNP Paribas Real Estate gives the Houston-based company a new global profile. Major acquisitions in the United States include Richards Barry Joyce & Partners, a diversified services firm that gives Transwestern a presence in Boston for the first time, and Epic Realty Partners, a leading metropolitan Chicago industrial specialist. Mark Doran, the company\u2019s COO, recently discussed the strategy behind Transwestern\u2019s current expansion drive with CPE<\/em> Senior Editor Paul Rosta.<\/p>\n

\"Transwestern<\/a>

Transwestern COO Mark Doran<\/p><\/div>\n

In acquiring Epic Realty, Transwestern gained 20 professionals in a crucial industrial market, Doran explained. \u201cIt was a natural extension of what we were looking to do\u2014have a presence in a major industrial market,\u201d he said. In a stroke, Transwestern also joined the upper ranks of the region\u2019s industrial services market.<\/p>\n

In addition, the acquisition broadened Transwestern\u2019s Chicago team overall; it had been weighted toward the office sector. The group that came over from Epic Realty expands Transwestern\u2019s capacity to serve institutional clients investing in both sectors in Chicago, he noted.<\/p>\n

Rapid change makes this a vital time for growing Transwestern\u2019s \u00a0industrial development business, as e-commerce and other trends drive a demand for sophisticated, finely calibrated industrial facilities. \u201cIt\u2019s an opportune time for us to be building,\u201d Doran said, pointing out that Transwestern has been building industrial properties since its founding in the late 1970s. To help meet today\u2019s demand, in March Transwestern teamed up with Ridge Property Trust, a private REIT formed by Ridge Investors L.L.C. and Prudential Real Estate Investors. As previously reported by CPE<\/em><\/a>, the joint venture\u2019s wide-ranging mandate encompasses development of warehouse, distribution and manufacturing facilities; acquisition and redevelopment of greenfield properties; and the redevelopment of existing buildings and brownfield sites.<\/p>\n

Though Transwestern is pursuing organic growth, Doran says the company finds significant value in bringing an existing company on board. \u201cOne advantage of an existing company,\u201d he noted, is the ability for it to \u201chit the ground running.\u201d Moreover, the professionals of a veteran firm bring ready-made chemistry. Though Epic and RBJ alumni represent different markets and professional specialties, determining whether the firms were a possible fit for Transwestern involved similar principles. As Doran sums it up, each firm offered collegial, collaborative, team-oriented cultures as well as strong leadership.<\/p>\n

Regarding possible future expansion, Doran commented, \u201cWe\u2019re largely where we feel like we should be,\u201d although he acknowledged that Transwestern is open to expanding into new markets as opportunities arise. \u00a0Meanwhile, he explained, \u201cpart of the strategy is to become even deeper and more capable in the markets we\u2019re in. … We have, on occasion, gone to new markets to follow clients. That\u2019s the nice thing about being a private company\u2014not being wedded to something you\u2019ve told a group of investors is your strategy.\u201d<\/p>\n

This interview accompanies “New Horizons<\/a>,” the profile of Transwestern president & CEO Larry Heard that appeared in the March 2014 issue of Commercial Property Executive.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Insights from COO Mark Doran on the strategy behind Transwestern’s recent acquisitions the Boston and Chicago markets.<\/p>\n","protected":false},"author":445,"featured_media":1004508156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1490,21784,1491,21782,21748,13,10,21747,21744],"tags":[39390,39393],"class_list":["post-1004091594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boston","category-brokerage","category-chicago","category-development","category-industrial","category-midwest","category-northeast","category-office","category-people","tag-boston","tag-chicago"],"acf":[],"yoast_head":"\nExpansion Team: Mark Doran on Transwestern's Growth Strategy - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/transwestern-growth-doran\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expansion Team: Mark Doran on Transwestern's Growth Strategy\" \/>\n<meta property=\"og:description\" content=\"Insights from COO Mark Doran on the strategy behind Transwestern's recent acquisitions the Boston and Chicago markets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/transwestern-growth-doran\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-04-30T18:46:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T08:33:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Doran-Mark-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"450\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Rosta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-growth-doran\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-growth-doran\/\",\"name\":\"Expansion Team: Mark Doran on Transwestern's Growth Strategy - 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