Commercial real estate veterans Steve Backman and Tracy Hammer announce the launch of their new joint venture BH DevCo, a real estate development company specializing in build-to-suit delivery for national tenants in the e-commerce, distribution and fulfillment industries.
“Our brand philosophy was built around the growing synergy between distribution, retail and industrial uses,” said Backman. “Tracy and I have three focuses in our new venture: first, serving our existing client relationships that we have developed in fulfillment and distribution; second, leveraging our retail expertise to help transition dark retail centers to new delivery stations; and lastly, working with emerging users in the e-commerce industry.”
BH DevCo is the developer of the distribution center recently announced in partnership with Bernalillo County in the Albuquerque, New Mexico market. Bernalillo County is providing over $6M to fund public infrastructure for a regional employment hub. This exciting development comes on the heels of the company’s brand launch and one year anniversary, and serves as BH DevCo’s first major project with many more announcements on the horizon.
“BH DevCo is the culmination of our combined 45 years of experience working in commercial real estate, the meaningful relationships we’ve made along the way, and the consistent and reliable way we do business together,” said Hammer. “We thank our clients and industry partners for believing in our vision and expertise in order to bring BH DevCo to fruition.”
In the last five years, Backman and Hammer have delivered in excess of 6 million square feet of industrial space, and currently have more than 3 million square feet in development or under construction. BH DevCo was founded in 2019 to fully realize the development opportunities that exist in the combination of distribution centers within retail and industrial environments.
BH DevCo projects support the growth in e-commerce and the increasing demand for development and redevelopment of industrial facilities across the country.
BH DevCo is a real estate development company specializing in build-to-suit delivery for national tenants in the e-commerce distribution and fulfillment space. The firm represents clients on the entirety of a project—providing a single, comprehensive resource to guide deals from concept to completion. BH DevCo executives have delivered in excess of 6 million square feet of industrial space with another 3 million under construction or development—without ever missing a delivery date or going over budget.