By Joshua Burd
Prologis Inc. has named a new market officer for its New York and New Jersey region, where its footprint spans some 250 buildings totaling 55 million square feet.
Mike Sacro, a senior vice president with the company, has moved into the role after managing its Central Florida market for seven years. He will now focus on strengthening relationships with Prologis’ key tenants in New Jersey and New York, while expanding its portfolio and cultivating top talent.
The industrial real estate giant noted that it has 500 customers in the market.
“I’m proud of the work we’ve done in Central Florida, and I’m excited to return to the Northeast and assume the role of market officer for New York-New Jersey,” Sacro said. “I look forward to helping this very talented team take Prologis’ customer centricity to the next level. We’ve already hit the ground running.”
Sacro succeeds Jesse Harty, who left the market officer role earlier this year and is now with CBRE Investment Management as its head of Americas logistics operator division. And the move comes after the San Francisco-based real estate investment trust reported last summer that it had nearly doubled its headcount in the region from three years earlier, while it continues to add properties in New Jersey through acquisitions and ground-up development.
Its operation in the region is based at One Meadowlands Plaza in East Rutherford, while it also has offices in central and southern New Jersey and in New York City.