Four industrial real estate executives, in partnership with investment firms Davidson Kempner Capital Management and Monarch Alternative Capital, announced the launch of Outrigger Industrial, LLC.

Outrigger Industrial will seek new industrial development and acquisition opportunities. The company will also function as the external advisor to the private REIT, Centris Industrial, and service the existing CA Industrial platform assets.

Outrigger Industrial is led by Michael Podboy, Joe Trinkle, William Lu, and Steve Rowley, who previously served as the leadership team of the CA Industrial platform as well as the Centris Industrial REIT. In addition, Scott Henderson, Jimmy Hwang, and Adam Niemeyer, as well as the remaining CA Industrial platform employees, have also joined.

In addition to its headquarters in Chicago, Outrigger Industrial has offices in Los Angeles, Houston, Atlanta, Philadelphia, and Columbus. The company’s national portfolio includes industrial development projects totaling 6.4 million square feet with plans for an additional 1.4 million square feet in the near-term pipeline.