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RealShare NJ Preview: Diversified Experience Needed for Successful Industrial Projects

Michael Seeve, president, Mountain Development Corp. Michael Seeve, president, Mountain Development Corp.

FLORHAM PARK, NJ—A broad view and diversified experience is critical to successful development of industrial properties, according to Michael Allen Seeve, president, Mountain Development Corp.

Seeve will participate in a panel discussion entitled, “Industrial: How Long Will It Remain the Darling of CRE Investment Types?” at this year’s RealShare New Jersey Conference. The conference starts tomorrow morning at 7:30 a.m. at the Brooklake Country Club, 139 Brooklake Road, Florham Park, NJ.

“Mountain Development Corp. has been developing industrial real estate properties — alongside our other holdings — since the firm’s inception and we think having a broad view and diversified experience as to the needs of tenants, in a host of different industries, is key and makes us a very strong development partner,” says Seeve. “These attributes are particularly important in a strong market where good real estate is hard to come by and execution and experience are key.”

The industrial panel, moderated by James Maggio, Counsel, Riker Danzig Scherer Hyland & Perretti, is scheduled to start at 11:05 a.m. O

In comments provided exclusively to GlobeSt.com in advance of his appearance at the conference, Seeve says, “Some of the projects which our company is most proud of include the data centers which we developed in Clifton, NJ, and the airfreight distribution properties we developed in Newark, NJ. These projects were vastly different from each other, but shared the theme of meeting the needs of dynamic tenants that could not find suitable existing buildings for their businesses.”

Relationships with development professionals and local communities are essential to a successful industrial development process, Seeve says.

“The projects required us to pair our financial wherewithal, knowledge of land use and the development process, team building and knowing the right professionals, and relationship building within the towns and communities together with the requirements of the end user and their teams,” Seeve says. “We lead a cooperative, transparent process, and the results are obvious to everyone who participates: great, purpose-built buildings completed on a timely basis, at the right price and which reflect a culture of listening to tenants and converting their requirements into great buildings.”

Other participants on the Industrial panel are: David Zimmel, president, Zimmel Associates;
Richard Burrow, PE, LEED AP, senior principal, Langan Engineering; Paul (PJ) Charlton, senior vice president, CenterPoint Properties; David Greek, development and acquisitions, F. Greek Development and Omer Mir Ahmed, partner, Acquisitions and Development, Seagis Property Group.

More information on the RealShare New Jersey Conference is available here.




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