North Palisade Partners, a development and investment firm specializing in industrial, self-storage, and outdoor storage properties, has announced the expansion of its self-storage platform. The company has hired industry veteran Steve Cobbs to lead this division as managing director of North Palisade Self Storage. With almost 30 years of experience in commercial real estate, Cobbs previously served as the self-storage sector lead at Invesco Real Estate.
In his new role at North Palisade Partners, Cobbs will be responsible for all aspects of the company’s self-storage assets. This includes overseeing acquisitions through deal sourcing and due diligence processes to transaction executions. He will also handle asset management functions for their existing 330,000 square feet portfolio and any additional assets that may be added in the future. Additionally,Cobbs will play a key role in site selection and development plans as North Palisade aims to aggregate $400 million to $500 million worth of self-storage assets over the next three years.
According to Joe Mishurda , managing partner at Los Angeles-based North Palisade Partners,”The growing demand for our expanding portfolio led us towards creating a specialized team dedicated solely towards developing our presence within this sector.” He further stated that “Steve’s extensive experience with building successful portfolios within this asset class makes him an ideal addition to our team.”
Pictured: Steve Cobbs
