By Joshua Burd
IDI Logistics has named a new market officer for its Northeast portfolio.
The industrial developer and manager said Justin Burns, who will be based in New Jersey, will be responsible for acquiring land sites, developing high-end logistics facilities and all leasing and asset management across the Northeast. He comes to the position with eight years of investment and asset management experience and will spearhead a territory that includes New York, New Jersey, Pennsylvania and the Baltimore-Washington D.C. corridor.
“The Northeast logistics markets are some of the strongest in the U.S. in terms of rent growth and user demand,” said Mark Saturno, CEO of IDI Logistics. “Justin’s market expertise will help IDI expand our presence in these important logistics hubs.”
Prior to IDI Logistics, Burns served as vice president of acquisitions at Penwood Real Estate Investment Management and as an acquisitions officer at Exeter Property Group, according to a news release. During his career, he has transacted roughly $1.5 billion of industrial, office and land investments.
Burns holds a bachelor’s degree in business management from the Quinnipiac University School of Business.
“We are excited for Justin to join our growing team,” said Matt Breaux, senior vice president and east region director for IDI Logistics. “His broker relationships and industrial knowledge will help us continue to grow the IDI platform throughout the Northeast region.”
Breaux joined IDI earlier this year to oversee the eastern U.S. markets, as the Atlanta-based company continues its focus on the region.