Veteran CRE Executive Will Oversee Advance’s Growing Industrial Portfolio
Advance Realty Investors — a leading Northeast U.S. owner, developer and manager of residential, industrial, mixed-use and Class A office properties — today announced that it has hired Bill Bumber as Managing Director of Industrial Development.
A longtime veteran of the New York and New Jersey-area industrial real estate industry, Bumber will oversee the execution of all industrial development projects and the expansion of Advance’s industrial portfolio.
The company’s current industrial holdings include the 4.1 million-square foot Linden Logistics Center – the largest planned industrial development in the Port of NY/NJ region that officially broke ground earlier this year. In addition to Linden Logistics Center, Advance is also in the process of developing Logan North Industrial Park, a 3 million-square foot campus in Logan Township, N.J. Advance is partnering with Greek Development on both projects.
“Bill has long been regarded as being among the most savvy and successful commercial real estate executives in the Northeast, and we are very fortunate to bring him aboard to lead & grow the Advance Industrial platform,” said Peter Cocoziello. “While our portfolio has consistently expanded across a variety of product types through the Northeast, we are placing a particular emphasis on our Industrial portfolio in order to cater to the Northeast’s thriving e-commerce, warehousing and logistics market.”
Bumber most recently served as Senior Vice President of Capital Deployment for Prologis, where he was responsible for industrial development and acquisitions for the company’s Northeast Region. Over 5 years in the role, he completed numerous build-to-suit transactions valued at more than $400 million combined, sold more than $32 million in non-strategic land and acquired more than $50 million in land for future developments.
Prior to his time at Prologis, Bumber spent more than 8 years as Vice President of Development at Liberty Property Trust in both Pennsylvania and Maryland, developing more than 8.5 million square feet of industrial real estate across both states.
“Advance’s reputation as a leader in commercial real estate now spans more than four decades, and I am honored to be joining such a well-regarded, innovative firm, positioned for long term growth in the Industrial Market,” said Bumber. “Their well-known track record of success has easily translated to several industrial projects in recent years. I look forward to playing a key role in the execution of the existing pipeline as well as growing Advance’s Industrial footprint.”
Bumber resides in New Jersey with his family, and holds a Bachelor’s Degree in Construction Management from East Carolina University.
About Advance Realty Investors
Advance Realty Investors is a privately-owned real estate investment, development and management company that has been in business for over 40 years. Advance owns, manages or has invested in a diversified, 15-million-square-foot portfolio across all asset classes. The company actively pursues real estate investments in residential, industrial, mixed-use and Class A office properties that enhance value through development, repositioning and redevelopment. Advance Realty is one of New Jersey’s most well-respected owner/operator/ developers in the Northeast Corridor. Visit www.advancere.com for more information.