No market was hotter than North Texas last year for industrial deals, and Dallas-based SRS Real Estate Partners is the newest player to the enter the warehouse and distribution vertical. SRS has served the North Texas region since 1986 specializing in retail space and now, SRS Industrial—which launches with six industrial professionals—will aim to serve the retailers in need of industrial space.
“In the last few years, there has been a sharp rise in industrial real estate needs for retailers,” said Chris Maguire, CEO and chairman of the board for SRS. “Where retailers once had a few distribution centers spread across the country, they now are looking for a myriad of industrial facilities to serve their rising e-commerce distribution needs. In addition, our owner services clients are finding it increasingly important to embrace non-traditional retail tenants to remain relevant. Our net lease investment clients have also shown strong interest in industrial, and we continue to bring more of that product on the market.”
Brant Landry, the founder and former president of Landry Commercial Real Estate Services, was recruited to lead SRS Industrial. Joining him are vice presidents Joseph Cooper, Shannon Johnston, Dennis Sims, and Lance Woodward, and senior marketing coordinator, Stephanie Martin.
Altogether SRS has assembled a team that has handled more than 900 transactions valued at more than $1.2 billion. SRS—which has 25 offices throughout the country—will also look to launch similar teams and operations in Los Angeles, Chicago, Atlanta, and New York.
“Retail and industrial go hand-in-hand,” said Brant Landry, managing principal for SRS Industrial. “We could not be more excited to join SRS, which will allow us to work more directly with retailers to support their evolving needs for industrial space as well as continuing to serve more traditional industrial clients. We are planting our flag in Dallas and look forward to growing our industrial platform throughout the U.S.”