180 Park Ave. in Florham Park, where Transwestern keeps its New Jersey headquarters
By Joshua Burd
Industry veteran Brian Banaszynski has joined Transwestern’s national development arm, where he will spearhead the firm’s expansion into the Northeast industrial market.
The Houston-based firm announced Wednesday that it has hired Banaszynski as a regional partner in its national logistics group, following his recent departure as president of Heller Industrial Parks. In the new role, he will source and execute institutional logistics projects with a primary emphasis on New Jersey, Pennsylvania and New York.
He is based in Transwestern’s Florham Park office, which recently became the new home of the company’s real estate services team in New Jersey.
“We continue to recruit top talent to grow our operations and identify opportunities in the marketplace as demand for high-quality logistics space shows no signs of slowing,” said John Thomas, managing partner of Transwestern Development Co.’s logistics group. “Brian has an impressive track record of successful projects in the Northeast that have consistently delivered superior results for investors.
“His in-depth knowledge of local markets and ability to execute projects make him a valuable addition to our team and investment partners.”
During three decades in commercial real estate, Banaszynski has been involved in the development of 6.5 million square feet of industrial and logistics space and 1,250 apartments and hotel rooms, Transwestern said. He has also been involved in the disposition of 2.5 million square feet of stabilized commercial projects.
“Both e-commerce tenants and institutional investors have shown continued robust demand for infill last-mile space throughout the Northeast, a vital logistics region for expediting e-commerce delivery times,” Banaszynski said. “We are well-positioned to capitalize on consistently low vacancy rates to meet pent-up demand and deliver value for our investors.”
The hiring comes after Transwestern Development Co. appointed Stephen Batcheller to oversee West Coast projects and John Thomas to lead the national logistics group, which develops both speculative and build-to-suit industrial projects, primarily in major distribution markets, the firm said. The group’s expertise includes intermodal logistics, e-commerce, port strategy, sustainability and municipal incentives.
The company currently has more than 4 million square feet under development, including both large-scale bulk distribution and infill projects, according to a news release. Over the last four years, it has completed more than 14 million square feet of projects throughout the country.