FORT WORTH, Texas – (September 25, 2024) – CapRock Partners, a leading real estate developer and investment firm, today announced Co-Founder and President Jon Pharris has been named a 2024 GlobeSt. Industrial Influencer. This recognition highlights professionals, teams and companies that have helped shape industrial real estate through their industry contributions, the vast successes they’ve racked up in completing deals and projects or the innovations and best practices they’ve introduced to the business.
Jon pioneered CapRock Partners in 2009 with Pat Daniels and Jerry Pharris. While other investors were either sitting on the sidelines or exiting the real estate market, Jon continued to look for opportunities. Over the last 15 years, he has led the company with an innovative and entrepreneurial mindsight paired with excellent decision-making skills and an unmatched financial and operational intellect.
“While I was in college, I had a vision of conceiving a company that would acquire and develop industrial properties, with the ultimate objective of building investment funds solely for the purchase and development of industrial real estate,” said Pharris. “Since co-founding CapRock, I have had the incredible opportunity in my role to create and maintain relationships with industry leaders and investors.”
As the leader of his company, Jon continues to wear a plethora of hats, including spearheading all company decisions and guiding Caprock Partners’ direction, developing both short and long-term goals, plans and strategies. In 2021, Jon saw the need for Heartland expansion to capture the growing Midwestern and Central U.S. markets. To demonstrate Caprock’s commitment to these markets, Jon physically relocated himself and his family to the Dallas – Fort Worth metroplex and built CapRock’s Central Region presence.
Jon has had many significant transactions throughout the tenure of his career, but his best one took place in Phoenix. Under Jon’s leadership, CapRock developed the largest spec industrial development in the city of Phoenix’s history, delivering 2.5 million square feet across five buildings as part of the first phase of Phoenix’s West 202 Logistics which completed construction in July 2023. At full build-out, the park will include eight buildings totaling 3.4 million square feet on 183 acres.
A highlight of Jon’s leadership has been how he implanted social impact into Caprock’s DNA long before the concept went mainstream. He included a foundation in CapRock’s founding organizational structure, and now CapRock Partners Foundation has given donations to several local communities. Thus far in 2024, Caprock has given over $800,000 to children’s, families, veterans, religious and educational organizations.
ABOUT CAPROCK PARTNERS
Founded in 2009 in Newport Beach, Calif., CapRock Partners is a privately owned investor and developer of industrial real estate in the Western and Central United States. The company specializes in acquiring middle-market value-add industrial assets, developing large-scale institutional-quality Class A industrial warehouse facilities in key locations, and providing third-party asset management services for institutional investors. The firm is actively acquiring land for development and middle market value-add assets across the Western and Central U.S. Since inception, its total investment and development pipeline exceeds 30 million square feet of industrial real estate. Follow the company on Facebook, LinkedIn, X and Instagram.
Media Contact:
Allison Klingsick for CapRock Partners
aklingsick@sunwestpr.com
903.316.4070
