Sterling Bay, a leading real estate investment and development firm, is pleased to announce the appointment of Scott Gibbel as the new managing director of its growing industrial division, Sterling Bay Industrial. With over two decades of experience in the commercial real estate industry, having focused largely on the industrial sector, Gibbel brings relevant experience and a proven track record of success to his new role.
As managing director, Gibbel will spearhead Sterling Bay’s strategic initiatives within the industrial real estate sector. This includes overseeing acquisitions, development projects, leasing activities, and building strong relationships with industry stakeholders. His extensive background in commercial real estate, coupled with a deep understanding of industrial market trends in Chicago and major markets across the country, will play a pivotal role in driving the division’s growth and contributing to Sterling Bay’s overall national expansion strategy.
Gibbel previously served as a market officer at IDI Logistics, a leading developer and manager of logistics real estate in the U.S. During his tenure at IDI Logistics, Gibbel played a crucial role in developing and executing strategic growth plans, overseeing complex real estate transactions, and fostering strong industry relationships. In addition, Gibbel’s background at Prologis, a global leader in industrial real estate, underscores his deep understanding of the logistics and distribution sector.
Having recently announced the acquisition of its fourth industrial development in the Chicagoland area, a nearly 150,000-square-foot facility coming soon to 4510 W Ann Lurie Place in Archer Heights, Sterling Bay’s industrial footprint is expanding with major near-term growth across prime markets a priority.
