Former Black Creek Founders Launch Speed Bay, a Shallow Bay Industrial Platform, with $250 Million Strategic Commitment from BDT & MSD Partners
Black Creek Group co-founders Evan Zucker and Jimmy Mulvihill today announced the launch of Speed Bay Warehouse Solutions, a vertically integrated real estate investment and operating platform focused exclusively on shallow bay, multi-tenant light industrial properties. In connection with the launch, a subsidiary of BDT & MSD Partners (“BDT & MSD”) 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, including Phoenix, Dallas/Fort Worth, Tampa, Denver, Orlando, and Philadelphia, serving small- to medium-sized businesses with warehouse solutions ranging from 5,000 to 25,000 square feet.
