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RSS MBK Industrial Properties Archives – MBK Real Estate
  • Hopewell, MBK Industrial land construction financing in Irving
    It’s not easy to secure debt in today’s tight lending environment, but TriStar Business Park is an exception. The industrial development, at 7810 and 7815 Jetstar in Irving, is owned by a joint venture between Canada-based Hopewell Development and California-based MBK Industrial Properties. They landed financing to fund ongoing construction at TriStar. This deal comes […]
  • Clayton Commerce Center – Las Vegas Update. NOW UNDER CONSTRUCTION | Q3 ’24 DELIVERY | FOR SALE OR LEASE
    For Sale or Lease | ±190,306 SF State-of-the-Art, High Image Rear Loading Industrial Facility Clayton Commerce Center ±190,306 SF is a state-of-the-art industrial building featuring a ±4,356 SF spec office, 36′ minimum clear height, dock and grade level loading, ESFR sprinkler system, and much more.  Conveniently located in the heart of the North Las Vegas […]
  • Core5 Industrial Partners and MBK Industrial Properties Break Ground on Speculative Distribution Building in the Inland Empire.
    IRVINE, CA / ACCESSWIRE / January 26, 2023 / Core5 Industrial Partners, in a joint venture with MBK Industrial Properties, announces the groundbreaking of Arrow Business Center, a 49,291-square-foot Class A industrial building in Rancho Cucamonga. Located in Southern California’s high-demand Inland Empire submarket, the state-of-the-art warehouse facility, scheduled for completion in September 2023, will offer […]
  • Core5 Industrial Partners and MBK Industrial Properties break ground on 1.8 million-sq.-ft. industrial spec development in Schertz
    Schertz, TX, December 8, 2022 – Core5 Industrial Partners, in a joint venture with MBK Industrial Properties, announced that its Core5 Logistics Center at Interstate 10 Project — an industrial spec development in Schertz — has broken ground. The 1.8 million sq. ft. project is being developed in two-phases with Phase I expected to be completed by […]
  • MBK Industrial Properties breaks ground on a 1.8 million-square-foot speculative project in Schertz, Texas.
    SCHERTZ, TEXAS — A joint venture between Atlanta-based Core5 Industrial Partners and California-based MBK Industrial Properties has broken ground on a 1.8 million-square-foot speculative project in Schertz, a northeastern suburb of San Antonio. The site is located along the I-10 corridor. Phase I of the project will deliver two buildings totaling roughly 1 million square […]
  • MBK Real Estate-Rockefeller Group Joint Venture Announces Sale of 297,161-square-foot Building in Inland Empire For $54 Million.
    IRVINE, Calif. (February 2, 2021)  Last month, a joint venture between MBK Real Estate and Rockefeller Group closed on the sale of a 297,161-square-foot building in Fontana, CA in the Inland Empire. Haralambos Leasing Company acquired the recently completed building referred to as Fontana Santa Ana Industrial Center for $54 million. Key Data Points:  One […]
  • Rockefeller Adds IE Distribution Center to Pipeline
    2-BUILDING PROJECT TO TOP 600,000 SF Rockefeller Group, a New York-based commercial real estate developer whose western U.S. operations are based out of Irvine, continues to be bullish on the Inland Empire industrial market. The company best known for developing Rockefeller Center in New York City recently closed on 30 acres in Riverside with development […]
  • Rockefeller/MBK Jv Set to Develop Fontana Distribution Center
    Rockefeller/MBK JV Set to Develop Fontana Distribution Center Order Reprints… December 20, 2019 Rockefeller Group is set to finalize a joint venture with MBK Real Estate for development of a 297,161-square-foot industrial building on a 13.78-acre site in Fontana, CA. The project, named Fontana Santa Ana Industrial Center, is expected to commence construction in April […]
  • Rockefeller Group Sells New Industrial Building to Kkr For $43.5 Million
    IRVINE, Calif.,Jan. 30, 2019/PRNewswire/ –Rockefeller Group, a leading real estate developer, owner and operator, announced today that it has sold a recently completed 406,650-square-foot industrial distribution building to KKR for $43.5 million. The building, located at Optimus Logistics Center in Perris, Calif., a 1.45 million-square-foot industrial complex, is the second building to be completed and […]
  • U.s.-based MBK Real Estate LLC to Jointly Operate a Logistics Facility Development Project
    MBK Real Estate LLC (“MRE”), a U.S.- based wholly owned subsidiary of Mitsui & Co., Ltd. (“Mitsui”, Head Office: Tokyo, President and CEO: Tatsuo Yasunaga), and Rockefeller Group International, Inc. (“RGI”), a U.S.-based wholly owned subsidiary of Mitsubishi Estate Co., Ltd. (“Mitsubishi Estate”), entered into a joint venture agreement relating to a project for the […]

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MBK Industrial Properties is a vertically integrated real estate company focused on the investment and development of industrial properties in core markets of the U.S.
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John Low Vice President Construction

John Low joined MBK in 2024 and is an industry veteran with over 30 years of experience in industrial, commercial and office development. John’s responsibilities include forward planning, entitlements, assembling of consultants, managing budgets and schedules, interfacing with governmental agencies and managing general contractors.

John has an extensive background with acquisitions, entitlements, development, and construction of master planned/multi-phase projects throughout Southern California, Hawaii and the 13 western states.

John has a passion for working on complex/difficult projects bringing them to successful completion.

Joe Deverian Development Manager

Joe Deverian joined MBK in 2019 and has worked at both MBK Rental Living and MBK Industrial Properties subsidiaries as a Development Manager. Joe’s responsibilities include forward planning, entitlements, assembling of consultants, managing budgets and schedules, interfacing with governmental agencies and managing general contractors.

Joe has over 25 years of working experience in residential, commercial and hospitality land development projects for public and private companies. Joe holds a California states contractor’s license and has experience as a residential and commercial general contractor.

Joe earned a Bachelors in Business Administration & Finance from Point Loma Nazarene University, San Diego.

Vijay Pandurangadu Senior Vice President

Vijay Pandurangadu has been with MBK since 2017 and joined shortly after the MBK Industrial Properties subsidiary was formed. Vijay has overarching responsibilities including business strategy, acquisitions, development, joint ventures and asset management.

Prior to joining MBK, Vijay held acquisition and development related roles at Goodman Group, DEXUS Property Group, and the Irvine Company. Over his career, Vijay has closed over $2.5 billion in office and industrial real estate and engaged in over 11 million square feet of industrial development.

Vijay is active in NAIOP and previously served on the Board for NAIOP Inland Empire.

Vijay earned his MBA from University of California, Irvine and Bachelors in Science from Ball State University.

Masafumi Kamiya SVP, Partnership Strategy

Masa Kamiya brings nearly 20 years of experience in real estate investment, business development, financial management, and strategic partnerships.

In the early stage of his career, Masa worked in finance division for Mitsui & Co., where he was responsible for cash flow management, asset liability management, and risk management, as well as issuing corporate bonds in overseas capital markets. Later Masa joined Mitsui’s real estate subsidiary in China, leading investment and business development in the Chinese market.

Prior to joining MBK, Masa served in Mitsui’s real estate division, managing the company’s overseas real estate portfolio, supporting the establishment of a joint venture with a Japanese investor and a U.S. private fund, and facilitating business development in the Asian real estate market.

Anita Hsu SVP General Counsel & Chief Legal Officer

Anita Hsu is Senior Vice President, General Counsel of MBK Real Estate. She currently oversees all related legal matters for MBK Real Estate and its subsidiaries, MBK Senior Living, MBK Rental Living, and MBK Industrial Properties.

Prior to joining MBK in 2014, Anita was a partner at Manatt, Phelps & Phillips, LLP, specializing in real estate transactions, including complex acquisitions and dispositions, financing, leasing and other matters related to the ownership and development of commercial, industrial, residential and retail properties. She also served (on secondment) as in-house legal counsel for an alternative energy company.

Anita received her law degree from the University of California, Berkeley School of Law, and she was a recipient of the Paul and Daisy Soros Fellowship for New Americans. She graduated summa cum laude with a Bachelor of Arts in Psychology from the University of California, Berkeley.

Hiroshi Sugita Executive Vice President

Hiroshi Sugita brings more than 20 years of experience in investment and business development to his position as Executive Vice President of MBK Real Estate, overseeing the company’s overall management. In addition, Hiroshi has also been initiating the launch of a private fund strategy aiming at utilizing MBK’s platform and Mitsui’s global network.

Hiroshi has worked for Mitsui & Co., Ltd since 1998. Before joining MBK, he has led multiple investments and real estate projects at Mitsui, including M&A of Mitsui’s subsidiaries in property management and development projects and industrial REIT in Singapore.

Hiroshi earned a bachelor’s degree in Economics from Waseda University, Japan, and a Master of Business Administration from Kellogg School of Management at Northwestern University.

Ed Stokx EVP CFO/CAO

Ed Stokx is Chief Financial & Administrative Officer of MBK Real Estate and its subsidiaries, MBK Senior Living, MBK Rental Living, and MBK Industrial Properties. In this role, Ed leads the company’s capital raising efforts, including debt and third-party equity. In addition, Ed oversees the company’s finance and accounting functions as well its IT and HR resources, which support MBK’s approximately 2,700 employees.

Prior to joining MBK in 2017, Ed served 14 years as Executive Vice President, Chief Financial officer of PS Business Parks, a publicly traded real estate investment trust focused on office and industrial assets across the United States. In his capacity at PS Business Parks, Ed led the company’s debt and equity raising efforts as well as its investor relations efforts. While at PS Business Parks, Ed led the efforts to form the company’s multi-family joint venture which focused on replacing obsolete office properties with state-of-the-art apartment communities.

Prior to joining PS Business Parks, Ed served as Chief Financial Officer of Center Trust, Inc., a publicly traded real estate investment trust focused on developing and managing community retail centers. He was instrumental in the company’s 2003 merger with another public REIT. Mr. Stokx joined Center Trust in 1997 after having assisted taking the company public while working for Deloitte.

Ed is a graduate of Loyola Marymount University and is a certified public accountant.

Kenji Iwai President/Chairman

Kenji Iwai is President and Chairman of the Board of MBK Real Estate LLC (MRE). As President and Chairman, he is responsible for the overall management of the Company. He oversees the development and execution of the Company’s fiscal strategies, evaluates the organization’s fiscal function and performance as well as directs MRE’s subsidiaries to fulfill the strategic goals of the organization.

Mr. Iwai has held various leadership positions within Mitsui & Co. Ltd., most recently as Deputy General Manager, Human Resources & General Affairs Division and Corporate Planning Division. Mr. Iwai previously served as General Manager of the US Real Estate Business, Strategic Planning and Investment Management Department.

After earning a degree in Engineering from the University of Tokyo, Mr. Iwai joined Mitsui in 1997 in the company’s Residential Business Division in Tokyo. He has worked in various capacities in Asia, Europe, and the US.