Brant Landry

Did You Hear? Dallas Brokerage Landry Commercial Is in Growth Mode

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Joe Whitmer will help add another dozen industrial experts at Landry Commercial. (Courtesy of Landry Commercial)

Joe Whitmer will help add another dozen industrial experts at Landry Commercial. (Courtesy of Landry Commercial)

Dallas boutique brokerage Landry Commercial Real Estate Services just nabbed a veteran broker to help grow its industrial platform.

Joe Whitmer, who had been at Transwestern for the last 12 years, joined Landry in July as a partner and managing director. He will be tasked, among other things, with adding another 10 to 15 industrial pros at the shop in the next few years. Landry specializes in tenant representation, leasing, property and construction management, and capital markets. The company handles industrial, retail and land.

For Whitmer, the move is a reunion of sorts with Landry founder Brant Landry.

“I worked with Joe while growing Transwestern’s industrial group in 2008, and he was an integral part of the success of that team,” said Landry in a statement. “Fast forward a few years and we are joining forces again.”

The firm is in growth mode, and have a buy-side connection: Landry and his partners started a private fund shop called Reserve Capital Partners to acquire value-added industrial, self-storage and office properties in the Dallas area.

The company's first fund was on track to acquire $300 million of properties by the end of this year, according to the company.

“Landry’s entrepreneurial spirit drive the company and is ultimately what attracted me to join the team,” said Whitmer.

Dallas’ industrial market continues to chug along, according to CoStar research, despite a wave of new supply. The market’s 6.1% vacancy rate is well above the 5% national average, but rents are increasing an annual average of 5.4%, above the 4.9% national rate.

Logistics is the driving force: traditional warehouse tenants like FedEx and UPS continue to grow in the area, as do newcomers like Amazon, which has snapped up an average of one to two million square feet of newly built product in the area every year recently.



New Landry Commercial Exec Plans To Expand Industrial Platform

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Landry Commercial Real Estate services is a relatively new DFW brokerage firm with ambitious plans to grow its industrial footprint quickly.

To accomplish this, Landry hired former Transwestern principal Joe Whitmer as partner and managing director of industrial services. Whitmer, who spent 12 years at Transwestern, said he sees it as an opportunity to join a familial team that is in rapid growth mode, particularly with the firm expecting to scale up its industrial brokerage services in the coming year.

Landry hopes to add 10 to 15 industrial-focused specialists in the coming years, given all of the demand for industrial properties around the Metroplex.

"Dallas continues to grow at what I would say is a dramatic pace as a national leader in the industrial sector, so we want to grow with it and meet the current demands of that growth and be a part of it, presently, and in the near future as it progresses," Whitmer said.

Landry Commercial is a full-service firm founded in 2015 that offers brokerage services to office, industrial, retail and land clients.

"I worked with Joe while growing Transwestern’s industrial group in 2008 and he was an integral part of the success of that team,” Landry Commercial President Brant Landry said. “Fast-forward a few years and we are joining forces again. Joe is an important next step in the strategic growth for Landry Commercial to expand our presence in Dallas and beyond to offer our clients a full-service strategy that includes tenant representation, construction management, property management, leasing services, capital markets and build-to-suit solutions.”