IRVINE, Calif.--(BUSINESS WIRE)--Sep 7, 2023--
DIV Industrial, an institutional-level investor and developer of industrial real estate, today announced the appointment of Tom Donahue as Partner and Head of Development. Donahue is a well-known development professional within the commercial real estate industry who brings over 20 years of construction and development experience to his new role. His expertise and proven track record bolsters DIV Industrial's capabilities and position as a leader in sustainable development within the industrial sector.
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Tom Donahue, Partner and Head of Development, DIV Industrial (Photo: Business Wire)
“Tom adds immense value to DIV Industrial, and we are excited to officially have him aboard,” said Nicholas Ilagan, Co-Founder and Managing Partner at DIV Industrial. “Tom has served as an extension of our team since 2022, playing a crucial role as a consultant and owner representative. He is a dedicated, hard worker whose values align with DIV’s commitment to sustainability, diversity, and excellence. We look forward to the positive impact Tom will make as a part of our firm and in our industry.”
In his new role, Donahue oversees all activities for DIV Industrial’s ground-up development projects, leading project site pursuit, land due diligence, entitlement, design, and construction. His responsibilities include project budgeting, cost management, and managing the firm’s streamlined development team. Donahue works closely with municipalities and regional stakeholders throughout the asset planning and delivery process, while championing best practices and environmental, social, and governance (ESG) initiatives.
“DIV Industrial is a terrific organization making a significant positive impact in commercial real estate and the industrial sector,” said Donahue. “I am excited to be a part of its entrepreneurial team where I can apply my experience and skillset to contribute to the firm’s success by actively pursuing new deals and implementing new technology in the industrial warehouse space.”
Prior to joining DIV Industrial, Donahue held the position of Managing Director at Moote, where he excelled in providing due diligence, entitlement, pre-construction, and on-site construction management for property owners. Previously, he served as Vice President, Development Officer, at Prologis, the world's largest industrial developer. During his tenure there, he led a high-performing team, achieving a milestone of $1.6 billion in developments under construction in 2022 within Southern California's Inland Empire industrial market. Donahue also played a pivotal role in implementing corporate initiatives related to safety, sustainability, and cost-efficiency models.
At DIV Industrial, Donahue is currently focused on the development of the firm’s first ground-up construction project, El Dorado Valley Logistics Center, a new 1.7-million-square-foot Class A industrial complex. At completion, the cutting-edge, modern facility will be LEED certified and establish a new distribution location in the Western U.S., providing an alternative and efficient connection point between key regional logistics hubs.
ABOUT DIV INDUSTRIAL
DIV Industrial is an Irvine, Calif.-based investor and developer of institutional-level industrial real estate. Founded in 2022 by industry veterans Nicholas Ilagan and Jessica Quesada, the firm brings an innovative approach and creative solutions to the industrial sector through the prioritization of DEI and ESG practices. DIV targets new development through the acquisition of opportunistic land opportunities in select markets in the Western and Southwestern U.S. The firm is actively raising capital for its first fund, which will allow for more than $2 billion of industrial development and entitlement projects throughout the Western U.S. Led by the relentless pursuit of quality with precision, DIV is committed to reframing and redefining the industrial real estate industry one handshake at a time. Learn more about DIV Industrial at www.DIVindustrial.co. Follow us on LinkedIn.
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CONTACT: Nicole Deermount
949-274-3855
nicoledeermount@gmail.com
KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY PROFESSIONAL SERVICES ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) TRANSPORT DEI (DIVERSITY, EQUITY AND INCLUSION) LOGISTICS/SUPPLY CHAIN MANAGEMENT ENVIRONMENT OTHER CONSTRUCTION & PROPERTY FINANCE SUSTAINABILITY
SOURCE: DIV Industrial
Copyright Business Wire 2023.
PUB: 09/07/2023 05:00 PM/DISC: 09/07/2023 05:01 PM
http://www.businesswire.com/news/home/20230907436326/en
