Black Creek Group co-founders Evan Zucker and Jimmy Mulvihill have launched Speed Bay Warehouse Solutions, a vertically integrated real estate investment and operating platform focused exclusively on shallow-bay, multitenant light industrial properties. In connection with the launch, a subsidiary of BDT & MSD Partners has committed $250 million in strategic capital, alongside $100 million from Speed Bay’s founders. To date, Speed Bay has acquired or has under control approximately 2.7 million square feet across six high-growth markets — Dallas/Fort Worth, Denver, Orlando, Philadelphia, Phoenix and Tampa — serving small- to medium-sized businesses with warehouse solutions ranging from 5,000 square feet to 25,000 square feet.
“We’re excited about the opportunity to build a dedicated platform in the shallow-bay industrial sector, a large and fragmented segment of the market that has been difficult to pursue at scale given its operational intensity,” said Zucker.
