Portman Hires Mike Nelligan to Lead Industrial Development In The Northeast

Staff Report From Georgia CEO

Tuesday, April 30th, 2024

National developer Portman today announces Mike Nelligan has joined the firm as Vice President of Development for the Northeast Region. In a new role for Portman, Nelligan will apply 30 years of industry experience to lead the sourcing and execution of developments in its northeast industrial portfolio. Portman is currently developing over 3.5 million square feet of Class-A industrial space across the region.

As an experienced real estate executive, Nelligan has executed over 300 development, acquisition, and leasing transactions in his career. At Portman, Nelligan will be responsible for all areas of development, including land acquisition, entitlement, financings, construction, leasing and dispositions in New England, Eastern Pennsylvania, New Jersey and the mid-Atlantic. He joins Portman from River Feale Investments, where he served as Managing Director. Before this, he held leadership roles with Exeter Property Group and JLL. 

“The Northeast is the most densely populated region in the country, but its existing industrial inventory is dated and lacks the infrastructure to serve the area effectively,” said John Gaskin, Managing Director for Portman. “We believe there is an incredible opportunity here to develop efficient, state-of-the art industrial product, and bringing in a leader as capable and experienced as Mike demonstrates our commitment to the region.”

Portman’s projects in the Northeast include Carney Commerce Center, a 587,500-square-foot cross-dock distribution center in Carneys Point, New Jersey, delivering this May. Near Boston, Portman has started construction on the first phase of Silver City Business Park, a 1.1-million-square-foot industrial business park in Taunton, Massachusetts.

The pipeline also includes I-76 Trade Center, an industrial campus spanning 1.9 million square feet in Philadelphia. The first phase, which includes a 636,120-square-foot building, will deliver in August. The deal to acquire the 169 acres of land to develop the campus recently earned a Best in Real Estate Award from Philadelphia Business Journal. 

“Portman has a decades-long track record of exceptional real estate development, and in recent years, it has shown its proficiency in developing top-of-the-line industrial space,” said Nelligan. “In this new role, I am eager to leverage my industry experience with Portman’s development platform and establish an industrial stronghold in the northeast.”

Portman launched its industrial business line in 2021 with a mission of developing modern logistics facilities in core markets serving the U.S. supply chain. Portman’s industrial team leverages the company’s proven development platform to diversify its portfolio of over $1.2 billion in assets under management and under construction in key markets across the U.S. including Boston, New Jersey, Philadelphia, Charleston and Austin. Portman’s industrial portfolio now spans 806 acres and 8.8 million square feet that is either delivered, under construction, or under design. 

To learn more about Portman, visit: portmanholdings.com/portman-industrial/