CA Ventures taps industry veterans to bolster industrial division

Chicago-based CA Ventures has appointed two industry leaders to support the continued growth of its industrial division. Joe Trinkle and Steve Rowley have each joined the firm as senior vice president and market officer, with responsibility for the Southwest/West and Southeast regions, respectively.

Under the leadership of Michael Podboy, president of CA’s industrial division, Trinkle and Rowley will be responsible for the growth and management of their regional teams as they leverage existing relationships to source deals and advance CA’s broader investment strategy in their respective markets.

“Industrial real estate has proven resilient despite the broader economic challenges created by COVID-19, which has disrupted supply chains and accelerated e-commerce adoption, fueling demand for warehouse and distribution space across the U.S.,” said Podboy. “With the addition of Joe and Steve to our fast-growing industrial team, CA will be able to continue strategically expanding the vertical in desirable markets where demand has continued to outpace supply.”

Prior to CA, Trinkle spent over two decades at Liberty Property Trust (prior to its acquisition by Prologis), where he served as a senior vice president and regional director, leading markets in Texas, Florida, Arizona and throughout the Midwest. While at Liberty Property Trust, Trinkle launched the firm’s Industrial Practice Group and oversaw the national leasing platform. Under Trinkle’s leadership, Liberty transformed its industrial strategy, expanding both the vertical’s size and geographic footprint. Trinkle served as the project lead on this multi-year, multibillion-dollar undertaking, which grew the portfolio to more than 50 million square feet and $250 million NOI annually. He also served on the firm’s investment committee, was an executive sponsor for the industrial strategy team and supported the firm’s digital transformation projects.

Trinkle holds a bachelor of science in civil engineering and an MBA from Villanova University.

Rowley previously served as vice president at Liberty Property Trust, with Trinkle, where he led the firm’s industrial practice group. As vice president, he supervised the firm’s Virginia offices and opened its Georgia office, ultimately growing the Atlanta market to 4 million square feet through leasing, acquisition and development activity. While at Liberty, he also worked as a director of leasing and development in South Florida. Prior to Liberty, Rowley was a senior market representative with Prologis, covering San Antonio, Austin, El Paso, Denver and Phoenix. Throughout his career, Rowley has closed over 700 lease, acquisition and development deals throughout the Southeast and Southwest markets.

Rowley holds a bachelor of science in finance from Brigham Young University and an MBA from the Kellogg School of Management at Northwestern University.

CA launched its industrial division in 2018 with a goal of investing $1.5 billion in speculative industrial development and acquisition opportunities over the first five years. The firm’s portfolio includes CA Elk Grove, a 146,029-square-foot speculative Class A warehouse in Elk Grove Village, Illinois; CA Gateway, a 139,860-square-foot speculative Class A warehouse in the Gateway International Business Park, immediately west of the Cincinnati/Northern Kentucky International Airport in Hebron, Kentucky; and a 244,622-square-foot building in the AmeriPlex Indianapolis business park, near the Indianapolis International Airport, being developed in partnership with Clarion Partners.

Leveraging CA’s vertically integrated platform, data-driven investment strategy and longstanding relationships within the commercial real estate industry, the vertical has achieved rapid growth in the central U.S., and, with the expansion of its team, will continue to scale its model to new markets across the U.S.