Irvine-based Birtcher Development & Investment Co. has joined with Goodman Group, an Australian counterpart that has $19 billion in assets under management, to help the company make a big push into the U.S. industrial market.
Brandon Birtcher, president of Birtcher Development, will lead Goodman Group’s North American operations out of Irvine. The Goodman Birtcher venture is expected to invest $1.5 billion on industrial and logistics facilities in the U.S.
The effort already includes two development sites in the Inland Empire and one each in Oakland and the Lehigh Valley area in Pennsylvania, according to Goodman.
Birtcher is a privately-owned commercial developer with a 73-year history that includes more than 60 million square feet of warehouse, distribution, manufacturing, office and retail projects locally and nationally, according to the company.
Goodman Group develops, owns and manages industrial properties in Australia, New Zealand, Asia, Europe and the U.K. It is the largest industrial property company listed on the Australian Securities Exchange.