• I hired Ward Richmond because I needed a fast-paced individual who specializes in solutions for 3PLs and could deliver a comprehensive solution that maximized site value and enabled me to close the deal. His market intelligence and relentless effort on this project undoubtedly helped us secure the business with this new, Fortune 500 customer.

    BRETT M. MEARS President - Palmer Logistics
  • Ward Richmond understands the 3PL business. We rely on Ward to help solve our customers’ supply chain opportunities and provide them with logistics solutions that fit their needs.

    BRYAN KELLER Chief Executive Officer – Keller Logistics
  • Ward has consistently demonstrated a high level of customer service, a strong work ethic, and comprehensive understanding of transportation & logistics-related real estate.

    ED Brickley Fund Manager, Realterm Logistics
  • Ward and his team have consistently delivered a high level of customer service over the course of several years and hundreds of transactions by working closely with our team in an effort to assist us with developing and implementing creative real estate solutions.

    Frank Mazzone RM, Real Estate, TFI International
  • Positive attitude and customer-centered approach made for a great working relationship.

    Joe Fidalgo MD, N America, Marine Harvest
  • Ward and his team have consistently exceeded our expectations while working closely with our Properties Team to execute our real estate strategies and achieve our stated objectives.

    MAYNARD F. SKARKA COO, Yrc Freight
  • The Colliers team worked quickly and efficiently to leverage their local market relationships to find KW multiple short term, flexible space solutions in an expedient and professional manner.

    DEAN DOKGO Vice President, KW International
  • Ward has acted as our strategic real estate partner for several years having assisted our team during our rapid growth by utilizing strong relationships and unparalleled market knowledge to source off-market opportunities for property expansion needs.

    TAYLOR WHITE CEO, Performance POP

Ward Richmond

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Posts tagged realistic

Supply Chain Now Radio Episode 161 is LIVE!

September 17, 2019 Podcast 0 Comments

Our Supply Chain Real Estate Podcast Episode # 2 on Supply Chain Now Radio is now up and running! Co-host, Scott Luton

Our Supply Chain Real Estate Podcast Episode # 2

By Ward Richmond

Our Supply Chain Real Estate Podcast Episode # 2 on Supply Chain Now Radio is now up and running! Co-host, Scott Luton and I discuss traveling through Europe with an upright bass, How To Negotiate A Successful Lease Renewal and the undeniable value in recognizing and acknowledging when you might be Unconsciously Incompetent aka when You Don’t Know What You Don’t Know! I hope you enjoy!

“Supply Chain Real Estate Series: Successfully Renewing a Lease” SCNR Episode 161 is now live! Check out the following links:
Dedicated Show Page

If you plan to share and/or promote the episode, we would love for you to share this link. This link will also auto-populate a pre-formatted image that will load perfectly for LinkedIn, Twitter, and Facebook.

Apple Podcasts

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Supply Chain Real Estate Podcast: Episode #1

August 21, 2019 Podcast 0 Comments

This August, we recorded my first official Supply Chain Real Estate Podcast on Supply Chain Now Radio with the great Scott Luton.

This August, we recorded my first official Supply Chain Real Estate Podcast

By Ward Richmond

This August, we recorded my first official Supply Chain Real Estate Podcast on Supply Chain Now Radio with the great Scott Luton.

This kicks off a new monthly series that we will be recording out in ATL where we will discuss all things Supply Chain Real Estate. We will specifically focus on simple tactics that we recommend you put to work in order to maximize value and optimize process efficiency with regard to your corporate real estate strategy.

I’m hopeful we will also occasionally veer off track and discuss “Hustle Culture” including lessons that I’ve learned from Tony Robbins, Tim Ferriss, Gary Vee, Grant Cardone, Andy Frisella, Joe Rogan, Aubrey Marcus and all of my other heroes of the interwebs and my philosophies on Lifestyle, Sales & Entrepreneurship.

I head back to ATL to record Episode 2 on September 5th!

Here are the primary links: SCNR
Apple Podcasts

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Kristina Rodriguez

August 9, 2019 0 Comments

Kristina Rodriguez

  • Area of Specialization: Operation Efficiencies and Marketing Strategies
  • Hometown: Baton Rouge, LA
  • College: LSU (Geaux Tigers)
  • Favorite Lunch Spot: Roti
  • Drink of choice: Moscow Mule
  • Favorite Way To Work Out: Taekwondo
  • Favorite Sports Team: Not Florida State
  • Words To Live By (Favorite quote): “Knowing is not enough, we must apply. Willing is not enough, we must do.” – Bruce Lee

Recogonition

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James Ewing

August 8, 2019 0 Comments

James Ewing

  • Area of Specialization: Distribution & Supply Chain Analytics
  • Hometown: Uniontown, PA
  • College: University of Pittsburgh
  • Favorite Lunch Spot: Velvet Taco
  • Drink of choice: Woodford on the rocks
  • Favorite Way To Work Out: Weight Training
  • Favorite Sports Team: Pittsburgh Steelers
  • Words To Live By (Favorite quote): “If you’re not first, you’re last”-Ricky Bobby

Recogonition

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DFW Market Report – Q2 2019

July 25, 2019 Market Reports 0 Comments

DFW explodes into mid 2019 with 30 Million SF under construction. As an FYI, this is comprised of 101 new buildings.

The Hot, Wet & 40 Foot High American Summer

By Ward Richmond

DFW explodes into mid 2019 with 30 Million SF under construction. As an FYI, this is comprised of 101 new buildings. 10 of these new buildings (about 5.7 Mil SF) are Build to Suit facilities and 91 of them (24.7 Mil SF) are being built on spec. This is an extraordinary amount of concrete.

DFW finished Q2 2019 with 6 Mil SF in Total Industrial Absorption bring YTD absorption number to a rock solid 13 Mil SF. Our 850 Mil SF market is hovering at 6% vacancy which is very healthy.

Rates are holding steady in the Big Box market (250K SF +) in the $3.80 psf NNN range while Non Big Box product continues to experience high levels of demand as rates have skyrocketed from $4.50 in Q2 2018 to $4.90 today.

DFW market activity remains strong with 3 different 1 Mil+ SF deals getting signed so far this year. Multiple other 250K SF+ monster deals keep slamming down with consistency trying to help our absorption numbers stay in line with the absolutely staggering amount of product that is being developed.

We are keeping our heads down and working hard to continue helping our customers meet the ever-growing demands of Speed and Flexibility in their supply chains in an effort to maximize corporate real estate value and efficiency.

To get further inside my supply chain brain,
please check out my website and blog:
www.SupplyChainRealEstate.com

Q2 2019 TOP TEAM RICHMOND PROJECTS

    • Ace Hardware – Wilmer, TX – 900,000 SF
    • FNA – Mesquite, TX – 400,000 SF
    • 4000 Dan Morton Dallas, TX – 208,948 SF Investment Sale
    • TForce FInal Mile – Elk Grove, IL – 87,600 SF
    • Schenker International – S.A. de C.V. – Juarez, MX – 86,627 SF

Q2 2019 TOP DFW DEALS

    • El Pedregal S.A. Food & Beverage distributor lease 1.54M SF at DFW Airport from Bandera
    • Callaway Golf leased 783,000 SF in Fort Worth from Hillwood
    • Systemax leased 489,804 SF at 2119 N I-35 N in South Dallas from Hillwood
    • Petmate leased 468,300 SF at Park 20 in Lancaster from SV Captial
    • Capstone Global LLC renewed 248,096 SF in Arlington from Emerik Properties

Key Takeaways

Construction has not stopped rental rates from increasing as rates bounced back from last quarter’s decline to come in at $3.80 this quarter.

Despite all of the construction activity, the vacancy rate remains strong at 10.5%. While leasing activity has been robust thus far, only 22% of the speculative development has been pre-leased, leaving close to 15 million SF of new space to come on the market.

“Go Big-Box or go home” continues to be the mantra in DFW with several new buildings kicking o during the quarter. These new builds are keeping the under construction pipeline of close to 24 million SF in record territory for the metroplex.

Absorption of almost 9 million SF through mid-year 2019 is on pace to eclipse the 2017 record of 18.8 million SF.

MEET THE TEAM MEMBERS

Ward Richmond has over twelve years of experience specializing in industrial real estate, and has negotiated over 500 transactions while working in over 100 cities across the USA, Canada, and Mexico. Several publications have featured Ward for his expertise in this field including the Wall Street Journal, Dallas Morning News, and Dallas Business Journal. He also serves on Colliers International Industrial Advisory Board, and is a member of the Logistics & Transportation Solutions Group.

WARD RICHMOND, SIOR
Executive Vice President

COLE HOOPER
Senior Associate

ZACK RUTLAND
Associate

JAMES EWING
Associate

KRISTINA RODRIGUEZ
Client Services Specialist

The Gladiator Group is supported by Colliers International Research Team

ON THE ROAD AGAIN

Sept 4 2019: Annual Interface DFW Industrial Conference, Dallas, TX
Sept 14-18 2019: IAMC Fall Forum, Milwaukee, WI
Sept 24-27, 2019: Colliers International Supply Chain Conference, San Diego, CA
Oct 8-9, 2019: Keller Logistics Customer Summitt, Deance, OH
Oct 15-17, 2019: Armstrong 3PL Conference, Chicago, IL
0ct 26 2019: Arete Live, St. Louis, MO
Nov 8-11, 2019: Summit LA19, Los Angeles, CA

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Food and Beverage Industry Continues to Grow but 3PLs Dominate Activity in First Half of 2019

July 23, 2019 Market Reports 0 Comments

Occupier activity across the Unites States continues to be robust, but it is not on par with the same time a year ago in bulk industrial space (100,000 square feet and larger).

Food and Beverage Industry Continues to Grow but 3PLs Dominate Activity in First Half of 2019

By James Breeze

Occupier activity across the Unites States continues to be robust, but it is not on par with the same time a year ago in bulk industrial space (100,000 square feet and larger). In the first half of 2019, 1,142 industrial (warehouse, manufacturing, flex) new leases, renewals and user sales were transacted, totaling 266.7 million square feet, a 12.6% decline from the first half of 2018. The average size of a bulk transaction was 234,000 square feet, much lower than the 261,000-square-foot average this time last year.

While e-commerce-only occupiers, like Amazon, remain on the top of minds of industrial landlords, they only made up 10% of the transactions signed in the past 12 months — in line with the percentage of total retail sales e-commerce accounted for. The top occupier remains third-party logistics and packaging companies (3PLs), signing 67 million square feet of transactions, 25% of the total transactions signed. 3PLs, who offer logistics and warehousing services for retailers and wholesalers who choose to outsource, remain the top occupier of industrial space because of the sheer volume of companies who service every industry in the business. While 3PLs were the top overall occupier, the food, beverage and pet supplier industry grew the most compared with the previous year, at a rate of 6.5% and they were the only occupier type to post a growth in year-over-year transactions.

E-commerce-only occupiers continue to require buildings much larger than other occupier types, as the average e-commerce transaction the past year totaled 422,903 square feet, nearly double the overall average transaction size for a bulk industrial building but much lower than the 510,840-square-foot average in the first half of 2018 because of a decline in transactions larger than one million square feet. For the 19th consecutive quarter, Amazon was the top e-commerce and overall occupier of industrial space, with a year-to-date total of 9.3 million square feet.

The Midwest beat out the Southeast as the top region of choice for bulk industrial occupiers, with 32% of the bulk transactions signed in the region. Both industrial and manufacturing occupiers continue to move into the market in droves because of the region’s pro-business climate and significant logistics advantages. The Southeast region is still doing well as occupiers move into the region to support the growing population. At the time of this report, more than 70 million people lived in the Southeast region, and this is expected to grow by a nation-leading 7% over the next five years. The West region finished in third thanks to continued strong demand in the Inland Empire, which remains one of the top markets in the country for bulk leasing activity.

Transaction volume for bulk industrial space will remain robust over the next 12 months because of occupiers’ increasing need for both regional and final-mile bulk distribution centers. While 3PL and retail-related distribution volume will remain robust, look for the strong growth that was showcased in the food and beverage industry to continue, as many of these occupiers are looking to expand and modernize their distribution and manufacturing networks. Population growth will keep occupiers in all industries looking at space in the Southern and Western portions of the U.S., while improvements and expansions of inland and coastal logistics hubs as well as strong domestic manufacturing in the Northeast and Midwest will keep demand strong in these regions for the foreseeable future.

Company Type Description:

    • Construction, Improvement and Home Repair – Warehousing and distribution of materials used in residential and commercial construction, improvements and repair, could contain some e-commerce components.
    • Data Centers, Tech and R&D – The use of industrial space for data centers and non-pharmaceutical R&D purposes.
    • E-Commerce Only – Warehousing and distribution of product that is ordered online and shipped directly to the end consumer only.
    • Food, Beverage and Pet Supply – Manufacturing, warehousing and/or distribution of food and beverage related products. Could contain some e-commerce or manufacturing components.
    • Furniture and Appliances – Warehousing and distribution of retail and/or wholesale furniture and appliance products. Could contain some e-commerce and or manufacturing components.
    • General Retail and Wholesale – The warehousing and distribution or retail and/or wholesale products not listed in any of the other categories. Could contain some e-commerce or manufacturing components.
    • Manufacturing – Industrial space used for manufacturing and/or storage of raw materials and equipment used in the manufacturing of non-automobile related products.
    • Motor Vehicles, Tires and Parts – The warehousing, manufacturing and/or distribution of motor vehicles, tires and related parts and materials.
    • Third Party Logistics and Packaging – Third party logistics (3PL) and packaging of a wide variety of products, could contain some e-commerce components.

James Breeze is the national director of Industrial Research for Colliers International, where he focuses on analyzing industrial property trends, compiling Colliers’ thought leadership and delivering timely market projections to provide clients with a leading edge in our industry.

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Listen to “Live from the eft Media Zone: Ward Richmond & Stacie Vroman” – SCNR Episode 113 in Podcasts

June 25, 2019 Podcast 0 Comments

A couple of weeks ago at EFT 3PL/ Supply Chain conference in ATL, I had the pleasure of making a guest appearance on the Supply Chain Radio Now Podcast...

Live from the eft Media Zone: Ward Richmond & Stacie Vroman

By Ward Richmond

A couple of weeks ago at EFT 3PL/ Supply Chain conference in ATL, I had the pleasure of making a guest appearance on the Supply Chain Radio Now Podcast. Please take some time and go check it out to hear us discuss all things Supply Chain Real Estate in the midst of the eComm explosion. I’ve been seriously considering and seriously procrastinating starting my own podcast for over a year so this was a super cool experience and despite the fact that I am a podcast rookie, I’m proud to say that I sound smarter than I actually am!😉 So- After you listen, let me know: Should I start my own podcast?!

Listen to “Live from the eft Media Zone: Ward Richmond & Stacie Vroman” – SCNR Episode 113 from June 19, 2019 in Podcasts.

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