Dallas-based real estate services firm CBRE has appointed Nathan Wynne to lead the expansion of its Industrial & Logistics Capital Markets team in Houston, which the firm sees as an increasingly important regional logistics hub.
Wynne is currently a Senior Vice President within CBRE’s Industrial Services group, with a primary focus on leasing and growing CBRE’s investor portfolio.
“The strategic addition of Nathan to our team will serve as a major benefit to our clients seeking to navigate a rapidly evolving market successfully,” said Randy Baird, a Vice Chairman at CBRE in Dallas, who will be leading the team in the South-Central U.S. region.
According to CBRE’s Q1 2022 U.S. Capital Markets Figures report, Houston was the third fastest-growing market for industrial investment volume for the year ending in Q1 2022, which over the last four quarters has totaled $5.549 billion. This reflects a year-over-year growth of 178.8 percent, compared to the national growth of 44.5 percent.
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CBRE reports that the U.S. industrial market is well-positioned to withstand the economic headwinds in 2022, even as supply chain problems persist and inflation ramps up. Wynne foresees that population growth and port expansion will continue to propel demand for Houston industrial real estate as the year goes on.
“We’re seeing a lot of migration from the West and the coastal markets, specifically the west coast and California”, Wynne said. “A lot of people and companies that haven’t had a presence in Houston are now coming in and planting a flag. Consumer spending, our population growth story, the business-friendly environment, board expansion, the efficiencies at our port, I think it’s all really been a perfect storm for Houston industrial over the last few years.”
Wynne hopes that his leasing background and experience in the Houston market will provide a new perspective on these trends as CBRE’s local team expands to meet the rising developer interest in the region.
Wynne began his career in 2011 at Transwestern as an analyst, at a time when the Houston industrial market was not nearly as booming as it is now, later moving to CBRE. More recently, he received the NAIOP 2021 Industrial Deal of the Year award for a 750,770 square foot industrial lease for Ferguson Enterprises at Stream Realty Partner’s Empire West Business Park in Brookshire, Texas, negotiating and closing the deal within two months.
“Nathan has distinguished himself as a talented professional and recognized leader in the dynamic Houston industrial real estate market,” said Peter Mainguy, Senior Managing Director and Houston Market Leader at CBRE, in the press release.