Industrial real estate firm elevates three experienced team members, acknowledging valued talent and paving the way for ongoing expansion and industry achievement in 2025
NEWPORT BEACH, Calif. – February 10, 2025 – Western and Central U.S. industrial real estate investor, developer and asset manager, CapRock Partners (“CapRock”), announces its promotion of three executives: Bob O’Neill to Executive Vice President, Paul Liebermann to Senior Vice President, and Sean Grubbs to Senior Vice President. These leadership advancements reflect CapRock’s commitment to fostering talent and driving value creation through strategic industrial real estate investment and development as the firm continues to bolster its established portfolio of best-in-class, institutional investment-level properties.
“Bob, Paul, and Sean each play an integral role in CapRock’s strategic expansion and operational excellence,” said Jon Pharris, Co-founder and President of CapRock Partners. “Since joining our team, their leadership and expertise have significantly contributed to our ability to acquire, develop, and manage high quality industrial assets across key markets while reaching new milestones and raising industry standards. We are grateful for their hard work and unwavering dedication and look forward to more collective success with them in the future.”
Bob O’Neill Promoted to Executive Vice President
O’Neill, an experienced industrial real estate professional, joined CapRock as its ninth employee in 2016. A central driver in the firm’s growth, while at CapRock he has led the acquisition and development of over 7 million square feet of industrial space, expanding CapRock’s portfolio in significant Western markets, including Phoenix, San Diego, and the Pacific Northwest.
Under his new title, Executive Vice President, O’Neill maintains his primary role of leading CapRock’s acquisition and development efforts throughout California, Arizona, Oregon and Washington. He will continue to interact with investors, lenders, and assume additional leadership roles in the Newport Beach office.
“Bob’s leadership and strategic acumen have played a crucial role in our sustaining success,” said Patrick Daniels, Co-founder and President of CapRock Partners. “His ability to execute complex deals and build strong investment partnerships will continue to propel our firm’s growth.”
Paul Liebermann Promoted to Senior Vice President, Portfolio and Asset Management
Liebermann joined CapRock in 2022 and leads both the fund management and asset management teams. A valuable member of the executive team, he has been instrumental in implementing company-wide initiatives, enhancing cross-departmental collaboration, and strengthening CapRock’s market presence through his industry involvement.
Liebermann is known for his keen development and implementation of critical processes to optimize portfolio performance, mentorship of team members in real estate finance and valuation and streamlining of reporting systems for both internal and external stakeholders. As the leader of CapRock’s Asset Management team, he also is responsible for implementing business plans and ensuring the portfolio maximizes investor returns.
Sean Grubbs Promoted to Senior Vice President, Capital Markets
An essential part of CapRock over the past three years, Grubbs’ significant capital markets experience and expertise in navigating challenging market environments has led to the successful closing of nearly $1 billion in loans across the CapRock platform in 2024. He plays a vital role in lender negotiations, securing favorable terms and reinforcing CapRock’s reputation as a trusted partner in the lending community.
As Senior Vice President, Grubbs leads all lender relationships while diversifying lending partnerships. He is now spearheading efforts to expand CapRock’s role in providing joint venture equity to sponsors, further expanding the firm’s capital markets department.
“Sean possesses a rare expertise in structuring loans to optimize proceeds while maintaining a balanced risk profile. His exceptional negotiation skills, deep understanding of loan agreements, and strategic oversight of our hedging initiatives make him an invaluable asset. His leadership not only enhances our financial strategies but also reinforces our long-term success,” added Pharris.
Looking Ahead
CapRock Partners remains actively engaged in acquiring land for development and middle-market value-add assets across the Western and Central U.S. Since its inception, the firm’s total investment and development pipeline exceeds 33 million square feet of industrial real estate. With strong leadership in place, CapRock continues to pursue opportunities that bolster its portfolio of investments that deliver value to investors and expand its presence in targeted markets.
As of December 31, 2024, CapRock’s current portfolio, including its development pipeline, includes approximately 21 million square feet of Class A logistics facilities across the Western U.S. and Texas that the company recently completed, is currently building, or is about to commence.
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 33 million square feet of industrial real estate. Follow the company on Facebook, LinkedIn, X and Instagram.
