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Media Releases Category: Press Releases

Core5 Industrial Partners Announces Key Promotions Across Organization

For Immediate Release Core5 Industrial Partners Announces Key Promotions Across Organization Core5 Advances Talent from Within to Support Continued Growth ATLANTA, MARCH 25, 2026 – Atlanta-based Core5 Industrial Partners today announced a series of internal promotions across its team, reflecting the company’s continued growth and its commitment to developing talent from within. These advancements underscore Core5’s focus on mentoring employees, expanding responsibilities over time, and building a strong leadership pipeline for the future. “Each of these individuals has demonstrated exceptional dedication and impact, and we are proud to support their continued growth within Core5,” said Linda Booker, President of Core5 Industrial Partners. “These promotions reflect our belief in investing in our people and fostering long-term career development as we continue to expand our platform.” The following team members have been promoted: Lydia Chase – VP, Investments
  • An almost eight-year veteran of Core5, Lydia has been instrumental in executing dispositions and overseeing joint ventures. As VP, she will continue leading investment strategies across multiple regions while partnering with senior leadership on key initiatives.
Kelsey Stone – VP, Finance
  • Over her almost 10-year career at Core5, Kelsey has grown into a key finance leader. In her new role, she will oversee lender relationships, secure project financing, and take on expanded treasury management responsibilities.
Steven Ridges – Director, Asset Management
  • With close to six years at the company, Steven has played a key role in asset operations and leasing execution. He will now guide overall asset strategy, portfolio optimization, and support long-term hold initiatives.
Anthony Armbruster – Investment Manager
  • With nearly three years at Core5, Anthony has contributed across lease analysis, acquisitions, and financial modeling. In his new role, he will take on expanded responsibilities in portfolio oversight, leasing strategy, and investment planning.
John Bennett – Finance Manager
  • Over his almost five-year tenure, John has demonstrated strong financial and analytical expertise. He will now lead budgeting, forecasting, and financial reporting, and play a larger role in cash flow management and loan closings.
These promotions align with Core5’s strategic growth trajectory and reinforce its commitment to cultivating a strong, experienced team equipped to deliver long-term value across its markets. About Core5 Industrial Partners Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Maryland, Memphis, Nashville, Pennsylvania, Phoenix, San Antonio, Savannah and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 56 million square feet since inception. Immediate access to capital, coupled with the ability to financially support deals on their balance sheet without utilizing third party resources on most transactions, Core5 executes quickly without layers of bureaucratic, time-consuming processes. The company is privately held by over 185-year-old Japanese-based Kajima Corp – one of the world’s largest construction and development companies with whom C5 leadership has sustained a 35+ year working relationship. Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making. For more information on Core5 Industrial Partners, visit www.c5ip.com. #  #  #
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Core5 Industrial Partners Announces Leadership Transition Plan

For Immediate Release Core5 Industrial Partners Announces Leadership Transition Plan Tim Gunter to Retire in 2027; Linda Booker Appointed President Effective January 1, 2026 ATLANTA, January 6, 2026 – Atlanta-based Core5 Industrial Partners today announced a leadership transition including plans for Chief Executive Officer, Tim Gunter, to retire in March 2027. As part of this transition, Linda Booker, Core5’s current Executive Vice President and Chief Financial Officer, will be promoted to President effective January 1, 2026. She will assume responsibility for all day-to-day operations of the company including real estate development, asset management and investments, and legal. Tim Gunter will remain CEO through February 2027 to ensure continuity and a smooth transition. Additionally, Jennifer Jones, Core5’s Vice President of Finance, will be promoted to Senior Vice President and Chief Financial Officer effective January 1, 2026. Tim Gunter has been a long-standing leader at Core5 and worked closely with Kajima as a key architect of the original business plan that laid the foundation for Core5. Alongside Linda Booker, Tim helped shape the strategic vision that has guided the company through multiple phases of growth, each grounded in strong values, disciplined execution, and deep expertise in industrial real estate development. Linda Booker, who will assume the role of President, has been instrumental in Core5’s success since its inception. A key factor in this leadership transition is Linda’s deep and longstanding experience with Kajima, having worked with the organization for more than 30 years, as well as her role as a founder of Core5—providing exceptional continuity for the company, its partners, and its strategic vision. Linda began her career in public accounting at KPMG, where she discovered her passion for commercial real estate. During her tenure at IDI, Core5’s predecessor, she rose to the role of Chief Financial Officer and led the company through the 2008 financial crisis as both a borrower and a real estate developer. Her approach during that challenging period helped to solidify the company’s stellar reputation and foster long-standing relationships that remain strong today. Jennifer Jones’ promotion to Senior Vice President and Chief Financial Officer further strengthens Core5’s leadership team as the company looks to its next chapter of growth. Jennifer is also a long-standing employee of Core5, having been a team member for 10 years, as well as an employee of IDI for the 10 years prior to joining Core5. “This transition reflects our thoughtful, long-term approach to leadership and succession,” said Tim Gunter. “Linda’s deep financial expertise, strategic insight, and unwavering commitment to our values make her the ideal leader to guide Core5’s daily operations well into the future.” “I am honored to take the helm of Core5, a company rooted in its core values and guiding principles,” said Linda Booker.  “With Kajima’s unwavering support for our Business Plan and strategic direction, Core5 is poised to continue the success we’ve had in the past and capitalize on the steady industrial demand in the future.” About Core5 Industrial Partners Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Maryland, Memphis, Nashville, Pennsylvania, Phoenix, San Antonio, Savannah and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 56 million square feet since inception. Immediate access to capital, coupled with the ability to financially support deals on their balance sheet without utilizing third party resources on most transactions, Core5 executes quickly without layers of bureaucratic, time-consuming processes. The company is privately held by over 185-year-old Japanese-based Kajima Corp – one of the world’s largest construction and development companies with whom C5 leadership has sustained a 35+ year working relationship. Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making. For more information on Core5 Industrial Partners, visit www.c5ip.com. ###
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Core5 Industrial Partners Announces Lisa Ward’s Retirement

Core5 Industrial Partners Announces Lisa Ward’s Retirement Industry Veteran and Original Core5 Founding Member Retiring in July 2025 ATLANTA, December 5, 2024 – Atlanta-based Core5 Industrial Partners announces the retirement of Lisa Ward from Core5, a wholly-owned subsidiary of Kajima USA, Inc., effective July 15, 2025.  She will wind down day-to-day oversight of the Southeast region at the end of 2024 and will stay on through July 15, 2025, in an advisory role. Lisa Ward has a long history with Kajima and the executive team of Core5, being one of the original founding employees of IDI, formerly owned by Kajima, and one of the original executives with Core5 when the company began operations in 2015.  Lisa excelled in her many roles at IDI over her 25 years there, frequently being awarded the top industrial landlord representative in Georgia by the Atlanta Commercial Board of REALTORS.  She went on to lead the Southeast Region of DCT, as Senior Vice President and Managing Director, overseeing capital deployment and placing her strategic guidance on improving the portfolio’s operating metrics, as well as executing the largest build-to-suit project in DCT’s history for JM Smucker’s totaling over 1 MSF in Fairburn, GA.  At Core5, Lisa oversees the operations of the Southeast Region, including Atlanta, Memphis, Nashville, and Savannah. She played a pivotal role in starting the development platform for the company, responsible for the entitlement and acquisition of 2,400 acres of land along with the development of 19.2 MSF of Class-A logistics facilities during her tenure. Core5, under Lisa’s stewardship, has consistently been named in the top three industrial developers in Georgia by the Atlanta Business Chronicle and winner of Industrial Deal of the Year in Atlanta Business Chronicle's Best in Atlanta Real Estate Awards in 2018, for a 1.2 MSF build-to-suit for SaddleCreek. Lisa placed significant emphasis on performing to the highest level of professionalism and quality in everything she touched.  While we will miss Lisa and her contributions to Core5 and the industry, we wish for her continued health, happiness, and success in her future endeavors. With Lisa’s departure, we announce the appointment of the following:
  • Rodney Davidson will assume the role of Senior Vice President and Managing Director of the Southeast region.
  • Mitchell Townsend will replace Rodney Davidson’s previous role as Vice President of Investments, focusing on leasing the Southeast region’s portfolio.
About Core5 Industrial Partners Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Maryland, Memphis, Nashville, Pennsylvania, Phoenix, San Antonio, Savannah and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 51 million square feet since inception. Immediate access to capital, coupled with the ability to financially support deals on their balance sheet without utilizing third party resources on most transactions, Core5 executes quickly without layers of bureaucratic, time-consuming processes. The company is privately held by over 180-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with whom C5 leadership has sustained a 30+ year working relationship. Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making. For more information on Core5 Industrial Partners, visit c5ip.com.
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Core5 Industrial Partners Sells Logistics Center in Perris, California

Core5 Industrial Partners Sells Logistics Center in Perris, California 248,483 SF Rider Business Center Purchased by TA Realty LLC.  ATLANTA, July 10, 2024 – Atlanta-based Core5 Industrial Partners announced today the sale of Rider Business Center, a 248,483-square-foot freestanding modern logistics facility to TA Realty LLC. The project completed construction in March 2024 to Class A construction specifications and incorporates the latest in technology with 36’ vertical clear height, 3% skylights, LED lighting, 146 auto parking spaces and first floor office space. Rider Business Center is in the Inland Empire East, one of the most robust and premier distribution markets in the country. "The acquisition of this industrial property in a prime submarket reflects our strategic vision and bolsters our portfolio with a highly sought-after asset,” stated Tom Shapiro of TA Realty LLC. Rider Business Centers’ 11.18-acre site features excellent access to the 91 freeway, I-215, I-15 and I-10 Interchanges, the Long Beach/Los Angeles port system, three airports, UPS/FedEx Hubs, and the BNSF intermodal yard. “The location, building quality, and site functionality were key factors that made this asset highly sought after by investors," stated Jon Kelly, Senior Vice President, and Managing Director for Core5. "Core5 was uniquely positioned to finalize this deal with a reputable buyer." Kelly added “with the slowdown in new development starts and increase in tenant activity, Core5 remains bullish in the Inland Empire industrial real estate market which historically has been one of the strongest industrial markets in the nation.” Core5 was represented on the investment sale by Michael Chavez, David Nguyen and Valentina Cadogen of Lee & Associates. “We are pleased to be a part of the successful disposition of Rider Business Center. This transaction represents the culmination of aligning the perfect buyer with our client's needs. It was achieved through combined marketing efforts, extensive network, and the negotiation of favorable terms benefiting all parties involved.  We are thankful for the trust our clients have placed in us and remain committed to providing dedicated service and value in every transaction,” remarked Michael Chavez, Principal with Lee & Associates in Ontario. About Core5 Industrial Partners Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Maryland, Memphis, Nashville, Pennsylvania, Phoenix, San Antonio, Savannah and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 50 million square feet since inception. Immediate access to capital, coupled with the ability to financially support deals on their balance sheet without utilizing third party resources on most transactions, Core5 executes quickly without layers of bureaucratic, time-consuming processes. The company is privately held by over 180-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with whom C5 leadership has sustained a 30+ year working relationship. Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making. For more information on Core5 Industrial Partners, visit c5ip.com. About Lee & Associates Lee & Associates, the largest broker-owned firm in North America, has been providing seamless, consistent execution and value-driven market-to-market services for our clients since 1979. Our real estate services are tailored to exceed the needs of our local, national, and international clients by combining the latest technology, resources, and market intelligence with over 40 years of expertise to optimize results.
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Joint Venture Between Core5 Industrial Partners and MBK Industrial Properties Sells Newly Completed Industrial Building in Rancho Cucamonga, California

ATLANTA, May 23, 2024 – Atlanta-based Core5 Industrial Partners announced today the recent sale of a development in Rancho Cucamonga, 49,291-square-foot Arrow Business Center, to JC United Investments. The project was a joint venture between Core5 and MBK Industrial Properties. Arrow Business Center completed construction in March of 2024 and will be owner-occupied. The property is located on 2.35 acres of land and features 32-foot ceiling heights, five dock high doors, five trailer parking positions, one drive-in door and 145-foot truck court depth. Arrow Business Center is located just south of the Rancho Cucamonga Quakes Baseball Stadium in the thriving Inland Empire West sub-market. The site offers close proximity to I-10, I-15, and Highway 60, connecting to the Southern California markets and the westerly states. “The location, building quality and site functionality were all key elements which made this asset highly sought after by investors,” stated Jon Kelly, Senior Vice President and Managing Director for Core5’s Los Angeles market office. Core5 was represented in the sale by David J. Neault, CCIM. Mr. Neault is the Managing Director for KW Commercial’s Rancho Cucamonga office. “Arrow Business Center was one of the best industrial investment offerings in the Inland Empire. The purchase price set a recent high-water mark in value for a sale of a building in this size range in this sub-market,” stated Mr. Neault. Please click here to view a drone video showcasing Arrow Business Center. About Core5 Industrial Partners Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Maryland, Memphis, Nashville, Pennsylvania, Phoenix, San Antonio, Savannah and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 49 million square feet since inception. Immediate access to capital, coupled with the ability to financially support deals on their balance sheet without utilizing third party resources on most transactions, Core5 executes quickly without layers of bureaucratic, time-consuming processes. The company is privately held by over 180-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with whom C5 leadership has sustained a 30+ year working relationship. Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making. For more information on Core5 Industrial Partners, visit c5ip.com. About MBK Industrial Properties MBK Industrial Properties (MBK Industrial) is an active developer and investor of industrial properties focused on investments in California, Texas and the other western US states. MBK Industrial’s development experience consists of both joint venture and wholly owned investments and to date has completed 1.8M SF and has an active pipeline of over 2.5M SF. With a deep bench of experienced professionals, MBK Industrial has sourced and underwrite investment opportunities, often off-market, and then take the investment through the full lifecycle. MBK Industrial is part of MBK Real Estate, which in addition to industrial properties invests and develops multi-family projects while also owning and operating a portfolio of senior living communities, under the MBK Rental Living and MBK Senior Living banners, respectively. MBK Rental Living has completed over 2,600 units to date and has an active pipeline of approximately 1,500 units throughout California. MBK Senior Living currently owns or operates 35 communities in the western US. MBK Industrial and MBK Real Estate are wholly owned subsidiaries of Mitsui and Co., Ltd., a global Fortune 500 company.
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Core5 Industrial Partners Announces Two Speculative Buildings Near the Port of Savannah

Core5 Industrial Partners Announces Two Speculative Buildings Near the Port of Savannah Effingham Business Center Set to Immediately Break Ground on a 121-Acre Site in Effingham County. ATLANTA, October 11, 2023 – Atlanta-based Core5 Industrial Partners closed on a 121-acre park located less than 9.5 miles from the Georgia Ports Authority’s Garden City Terminal. Core5 will immediately break ground on the development of Effingham Business Center, located in unincorporated Effingham County on Old Augusta Road, and only 10 miles from Savannah International Airport. The park features a 401,760-square-foot rear-load building, which will accommodate tenants 100,000 square feet and higher and a 362,880-square-foot front-load building, designed to accommodate tenants of 150,000 square feet and higher. Both buildings feature 36’ clear heights, ample auto parking and 185’ truck courts. Delivery of both buildings is scheduled for the first quarter of 2025 and will be move-ready with make-ready office, lights and dock equipment in-place at completion. “With close proximity to the Port as well as Hyundai’s Metaplant America and its suppliers, Effingham Business Center is strategically located to meet the needs of a broad range of occupiers in the Savannah market. The project is only five miles away from I-95 and 14.3 miles from I-16,” states Rodney Davidson, Vice President Investments for Core5. “Core5 is very bullish on the Savannah market, given the Georgia Ports Authority approved plan to invest over $4.5 billion over the next 12 years to expand and improve operations, we believe Savannah will become an even more important gateway for occupiers, stated Lisa Ward, Senior Vice President with Core5. CBRE’s Savannah office will handle leasing efforts on behalf of Core5 for both buildings. About Core5 Industrial Partners Core5 Industrial Partners is an industrial real estate property company with expertise in development of Class-A properties featuring the latest innovations throughout the United States. Headquartered in Atlanta, Georgia, Core5 has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Columbus, Dallas, Houston, Indianapolis, Los Angeles/Inland Empire, Louisville, Maryland, Memphis, Nashville, Pennsylvania, Phoenix, San Antonio, Savannah and South New Jersey with expansion plans to additional key logistic hubs in the US. Founded in 2015, the company has developed or begun construction on 43 million square feet since inception. Immediate access to capital, coupled with the ability to financially support deals on their balance sheet without utilizing third party resources on most transactions, Core5 executes quickly without layers of bureaucratic, time-consuming processes. The company is privately held by 180-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with whom C5 leadership has sustained a 30+ year working relationship. Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making. For more information on Core5 Industrial Partners, visit c5ip.com. ###
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Core5 Industrial Partners Announces 309,960-Square-Foot Building in North Nashville

ATLANTA, July 5, 2023 – Atlanta-based Core5 Industrial Partners closed on a 20-acre, fully entitled industrial site located 23 miles north of downtown Nashville just off State Route 76 at Exit 108. Core5 will immediately break ground on the development of White House I-65 Business Center, a 309,960-square-foot state-of-the-art rear-load facility, offering excellent access to I-65, along with frontage on I-65. Delivery of the building is scheduled for March of 2024. The configuration of the White House I-65 Business Center site offers outstanding flexibility, with the ability to accommodate users from 100,000 square feet up to the entire building. The proposed building will feature 36-foot clear ceiling height, an ESFR sprinkler system, and can accommodate on-site trailer parking for 49 trailers with 171 auto parking spaces. “The State of Tennessee, Robertson County and the City of White House have created a pro-business environment that is both responsive and easy for prospective tenants seeking to do business in the area. We are excited to begin this project,” declares Rodney Davidson, Vice President Investments for Core5. Jim Rodrigues and Brett Wallach with Lee & Associates will represent Core5 for leasing opportunities.
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Core5 Leases 957,400-SF Building to Barrett Distribution Centers

ATLANTA, April 6, 2023 – Atlanta-based Core5 Industrial Partners announced today a full-building lease at I-269 Logistics Center Building D located in Byhalia, Mississippi to Barrett Distribution Centers, a provider of customized third-party logistics, omnichannel distribution, transportation, and direct-to-consumer eCommerce fulfillment services for clients across all industries, such as apparel and footwear, health and beauty, consumer packaged goods, consumer electronics, food, candy, grocery, and automotive. The 957,400-square-foot cross-dock building was delivered in November 2022 and Barrett Distribution is scheduled to occupy the building in April 2023. I-269 Logistics Center Building D is located on a 70-acre site located at Highway 302 and I-269 in Marshall County. (more…)


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Whiplash Leases Entire Building at Core5’s I-70 Logistics Center

Cushman & Wakefield Represents Core5 in 437,589-Square-Foot Industrial Lease COLUMBUS, December 17, 2021 – Cushman & Wakefield announced today that the firm Core5 Industrial Partners is leasing 437,589 square feet of industrial space to logistics firm, Whiplash. Cushman & Wakefield Director Michael Guagenti, SIOR, CCIM, represented Atlanta-based Core5 in the lease transaction with Whiplash, a national third-party logistics firm. Core5 delivered I-70 Logistics Center East, a state-of-art industrial building located at 1225 Southgate Parkway in Etna, Ohio in August of this year. Whiplash will begin operations at the property in early 2022. “We are looking forward to welcoming Whiplash to Etna Township,” states Doug Armbruster, Senior Vice President and Manager Director with Core5. “With our location and access to a qualified workforce, I-70 Logistics Center East will be an ideal fit for their operations.” (more…)
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Phase II of Core5 Industrial Project Set to Break Ground Q3 of this Year

CBRE Set to Market and Lease Phase II Buildings Following Successful Leasing of Initial Phase I Building Cincinnati – September 2, 2021 – Core5 Industrial Partners announced today that Phase II of the Core5 Industrial Partners speculative multi-building industrial project is scheduled to break ground in the third quarter of this year in Elsmere, Kentucky. Phase II will feature two buildings totaling 869,308-square-feet. Building 2 offers 585,064-square-feet of cross-dock capability for larger tenants while Building 3 will offer 284,244-square-feet of single-loaded space, creating leasing opportunities for smaller end-users. Phase II follows the successful leasing of the Phase I -- 839,931-square-foot C5 Airport East Logistics Center Building 1 to Diversey, Inc. at 7900 Foundation Drive. This building is scheduled to be completed in Q1 2022. (more…)
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