(Atlanta, Georgia) (July 8, 2024) - Seefried Industrial Properties announces the retirement of Ferdinand Seefried and Rob Rakusin from Seefried Industrial Properties, effective July 1, 2024.

Ferdinand Seefried established Seefried Industrial Properties in 1984 with a focus on developing high quality, well located, distribution warehouses near airports, specifically targeting international freight and transportation companies. His strategic foresight and strong ties with European financial institutions and later e-commerce retailers propelled the company to prominence in warehouse development throughout the U.S. Under his stewardship, Seefried Industrial Properties expanded into vital U.S. distribution markets, specializing in build-to-suit projects for U.S. and European corporate clients and the speculative development of distribution parks.

Since joining Seefried Industrial Properties in 1993 as CEO, Rob Rakusin has been a central figure in the company's evolution. As President, Rob has provided strategic guidance to Seefried’s regional offices, playing a pivotal role in structuring deals, managing financing activities, and cultivating key relationships with U.S. capital partners and major stakeholders. His leadership over the last three decades has positioned Seefried Industrial Properties as a leader in the industrial real estate sector, establishing the company as a prominent privately held development company in the United States.

Both Ferdinand and Rob have placed great value on the relationships they’ve established over the years with capital partners, family offices, contractors, brokerage groups, and many others. They have always prioritized building and maintaining strong, trust-based connections, understanding that these relationships are the foundation of successful business ventures. Their ability to cultivate and nurture these partnerships has been instrumental in successfully navigating complex market dynamics. Through their genuine commitment to these relationships, Ferdinand and Rob have shaped Seefried Industrial Properties into a company renowned for its integrity, reliability, and collaborative spirit.

While we will miss Ferdinand and Rob, we are profoundly grateful for their exceptional contributions. As they embark on their well-deserved retirements, we extend our wishes to them for continued happiness and success in their future endeavors.

In line with our commitment to continuity and excellence, we announce the appointment of the following key executives:

  • Greg Herren now assumes the role of President and CEO
  • Jim Condon will continue in his role as Chief Development Officer while also assuming the position of Chief Operating Officer
  • Paul Seefried now serves as Executive Vice President and continues as Regional Partner for NC and FL
  • Doug Smith has become the Southeast Regional Partner, responsible for sourcing development in GA, SC, TN, and AL

About Seefried Industrial Properties:
Founded in 1984 by Ferdinand Seefried, Seefried Properties is as a privately held real estate company specializing in the development, leasing, and management of industrial properties across the United States. The company primarily focuses on development in core industrial markets and build-to-suits with tenants in core and second-tier markets. Seefried leases and manages approximately 10 million square feet for its institutional and European clients and has developed over 200 million square feet of space valued in excess of $18 billion across 30+ markets. Headquartered in Atlanta, Seefried Properties extends its operational presence through regional offices strategically located in Dallas, Chicago, Los Angeles, and Phoenix. For more information, please visit www.seefriedproperties.com.