DALLAS, May 31, 2016 /PRNewswire/ -- Crow Holdings Industrial (CHI), the industrial development affiliate of Dallas‐based Crow Holdings, today announced that Philip J. Prassas has joined the firm as Senior Managing Director and head of a new office based in Los Angeles, California. Mr. Prassas joins CHI from KTR Capital Partners, where he served as Senior Vice President of Investments, and was responsible for the acquisition and development of more than $1 billion of industrial product on the west coast.
"Phil brings unique perspective to our efforts in Southern California - the most dynamic industrial market in the country," said Ken Valach, CHI's Chief Executive Officer. "His relationships, market knowledge and investment acumen will be instrumental as we capture opportunities created by proximity to North America's largest ports and population center. The Crow family has deep roots in the industrial development business and returning to California was a logical next step. We look forward to supporting Phil and his team in Southern California and beyond."
Harlan Crow, Chairman and Chief Executive Officer of Crow Holdings, added, "Our new office in Los Angeles continues our proud tradition in the region, which began with my father's early work in the industrial business and subsequent expansion into Southern California in the 1970's. We are excited that this business is once again active in one of the nation's premier markets."
Mr. Prassas added, "I am extremely pleased and honored to join the Crow family, which has maintained its reputation as one of the preeminent developers in the country for more than 65 years. Additionally, they have consistently displayed the energy and focus of true entrepreneurs while maintaining their trademark integrity. My goal is to build a team worthy of the Crow family's name."
Prior to KTR, Phil worked as Vice President at Duke Realty Corporation and at RREEF/DB Real Estate where he was responsible for sourcing investment opportunities in multiple markets across the country. Mr. Prassas earned a Bachelor of Science in Finance from Miami University in Ohio.
ABOUT CROW HOLDINGS INDUSTRIAL
Crow Holdings Industrial (CHI) is focused on the development of speculative and build-to-suit warehouse/distribution, manufacturing and fulfillment facilities in major distribution markets across the country. For more information, please visit www.CrowHoldingsIndustrial.com.
ABOUT CROW HOLDINGS
With the construction of a single warehouse in Dallas, Texas, in 1948, Trammell Crow began investing in real estate. Today, Crow Holdings is a Dallas-based global investment enterprise encompassing multiple operating businesses and signature properties. These operating businesses include Crow Holdings Capital, a registered investment advisor (RIA) which serves as the Manager to private equity real estate and other private funds and provides investment advisory services to Family Offices, Trammell Crow Residential (TCR), which has developed over 240,000 multi-family units and currently has $5 billion under development, and Crow Holdings Industrial. For more information on Crow Holdings, please visit www.CrowHoldings.com.
Perry Street Communications
SOURCE Crow Holdings Industrial