RADNOR, PA—The Carson Companies, a leading industrial real estate investment and development firm based in Newport Beach, CA, has established an East Coast office and retained Chris Hermance as managing director to lead its regional expansion. Located in Radnor, PA, Carson's new office will pursue industrial investment opportunities – including land for development and existing buildings – in the New Jersey and Pennsylvania markets.
With a portfolio exceeding 14 million square feet of class A industrial space in Southern California and Houston, Texas, The Carson Companies provides buildings suited for modern logistics, distribution and supply chain management needs, offering in-house property management, asset management, leasing, construction management and development capabilities. The privately held REIT has been in business for more than 100 years and takes a long-term approach to its investment and development activities. The company invests on its own behalf and provides investment, portfolio and asset management services for its institutional partners.
The expansion is a natural move for the firm, says Jim Flynn, Carson's president.
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