With only 10 years under its belt, industrial real
estate investment and development firm CapRock
Partners has become a dominant force in the
industrial real estate industry. To date, the company has acquired, developed or pipelined in
excess of 12 million square feet of industrial real
estate totaling more than $1.6 billion. CapRock
Partners’ entrepreneurial approach and in-house
expertise is used in all phases of the acquisition,
development, management and disposition of
institutional-quality industrial properties.
At the forefront of CapRock’s development
strategy is building energy-efficient industrial
manufacturing, warehouse and distribution facilities. The firm is committed
to proper environmental stewardship and makes necessary investments to
ensure all new developments comply at minimum with CalGreen standards
or a level of LEED certification. CapRock Partners is currently under construction on approximately 4 million square feet of industrial space, with
another 3. 5 million square feet slated to commence in the next 12 to 24
months. Most, if not all, will be either CalGreen-compliant or LEED-certified.
A prime example of CapRock’s commitment to sustainable innovation is
Colony Commerce Center, a 3-million-square-foot development in the
Inland Empire that CapRock entitled as a master-planned business park
before selling to Ivanhoé Cambridge for $450 million. CapRock is now
developing the business park on behalf of Ivanhoé Cambridge. Colony
Commerce Center Phase I is one of the 10th largest US industrial develop-Center Phase II will commence construction this spring as a second of the 10 largest industrial developments in 2019.
Another core focus of CapRock Partners’ acquisition approach is its value-add strategy. CapRock Partners leans in to its vast network to
source off-market investment opportunities in middle-market, under-valued or under-performing properties throughout the West. The
firm is actively acquiring land for development and value-add buildings in California, Nevada and Arizona.
The CapRock team understands that there is no one-size-fits-all formula to repositioning industrial assets. The company takes a strategic entrepreneurial approach and carefully considers many factors in determining the business plan for each property, such as location,
functionality and regional demand. This approach allows CapRock to redesign and bring properties to the highest and best use while
generating attractive returns on investment.
CapRock designs, develops and builds projects that not only withstand the test of time, but also create long-term value. From the beginning of every project, CapRock Partners is committed to delivering the best solutions for all constituents from neighboring property
owners to local business leaders and government entities.
CapRock Partners acquires value-add middle market industrial and develops facilities through its three core strategies: unlocking
value through individual business plans, developing institutional-quality logistics properties and developing small-box industrial warehouse properties. Through these strategies, CapRock Partners investments on average consistently outperform national indexes such
as NCREIF PI, NFI-CEVA and Preqin Value-Add. As of January 2019, CapRock Partners has been registered with the SEC.
CapRock’s president Jon Pharris was recognized as one of Real Estate Forum’s “ 50 Under 40” in 2018. He co-founded the company at 29
years old, and at the age of 34, became the company’s president, leading acquisition and fund investment strategies for more than 12
million square feet and $1.6 billion of industrial space the company has acquired, developed or has in the pipeline to date.
Nine CapRock Partners employees are NAIOP members, and two of those are either former committee leaders or hold current leadership positions. A member for 10-plus years, Pharris has held many positions within the organization, including former national board
member. He graduated from NAIOP SoCal’s YPG program in 2009.
Taylor Arnett, vice president of acquisitions at Caprock Partners, is a former board member of NAIOP SoCal and is a graduate of
NAIOP SoCal’s YPG. In 2016, Arnett was one of 21 selected nationally to receive the NAIOP Developing Leaders Award. He was awarded
NAIOP’s 2019 Volunteer of the Year.
Russell Fenton and Stefan Kelley will graduate from YPG this year and next, respectively.
Bob O’Neill, CapRock’s senior vice president of acquisitions, has raised significant monetary contributions for NAIOP charities
through the Building Block Foundation. CapRock Giving Foundation is committed to donating more than $3 million to various charities
during the next few years.
Patrick Daniels Jonathan Pharris Nicholas Ilagan
Bob O’Neill Taylor Arnett