40 — August 2026 — Owners, Developers & Managers — M id A tlantic Real Estate Journal
www.marej.com
O wners , D evelopers & M anagers
DWG Capital Partners acquires Virginia manufacturing facility
As early-stage feasibility reshapes development SESI Consulting Engineers marks 50 years in CRE
320 Newbern Road in Dublin, Virginia
Partners. “We believe CVG is uniquely positioned to benefit from the continued expansion of American manufacturing.” Situated along I-81 in Southwest Virginia’s New River Valley, the 4-7-acre property features 14’-16’ clear heights, six dock-high doors, one grade-level drive-in door and outdoor storage. Colliers’ Albert Hernan- dez and Rob Stockhausen represented CVG, and financ - ing was provided by Skyline National Bank . “Today’s market presents outstanding opportunities to acquire institutional- quality industrial assets with durable cash flow and long-term value,” remarked Dunning. MAREJ
DUBLIN, VA — DWG Capital Partners has pur - chased 320 Newbern Rd., an 83,683 s/f manufacturing facility in Dublin, VA, in a pre-market acquisition that aligns with the firm’s long- term investment strategy of acquiring high-quality Ameri - can industrial real estate. A new 20-year absolute triple- net lease with Commercial Vehicle Group was signed in the sale-leaseback acquisition. “Following extensive due diligence, we developed strong conviction in the ten - ant’s business, which oper - ates across five continents and is supported by excep - tional corporate credit,” said Judd Dunning , founder and principal, DWG Capital
ARSIPPANY, NJ — As SESI Consulting Engineers (SESI) marks its 50th anniversary, the firm is addressing a funda - mental shift that is reshaping real estate development across the Northeast: engineering feasibility is increasingly de - termining whether projects move forward long before de - sign or approvals begin. Rising construction costs, evolving environmental regu - lations, infrastructure limita - tions, and extended municipal review timelines are driving developers to evaluate risk, cost, constructability, and sustainability at the earliest stages of site selection. As a result, geotechnical, environ - mental, and civil engineering input is now central to devel - opment decision-making, not simply design execution. “For fifty years, engineer - ing often entered the process after a site was already under control and a concept was defined,” said Michael St. Pierre , president of SESI Consulting Engineers. “To - day, we are involved much earlier in the process, and our engineering insight is helping determine whether a project is viable in the first place. Feasibility has become the starting point, not a step along the way.” Founded in 1976, SESI has supported development across industrial, multifamily, office, warehouse, and large-scale in - frastructure projects through - out New Jersey, New York, Connecticut, and surrounding markets. The firm’s work is grounded in an integrated model that brings geotechni - cal, environmental, and site civil engineering together to evaluate cost, risk, and con - structability in parallel rather than sequentially. Thomas G. Gallagher , man - aging engineer at The Morris Companies , said, “SESI’s abil - ity to listen and re-think ap - P
proaches has yielded practical solutions that allowed stalled projects in both the planning stage and the construction stage to proceed.” This approach has become increasingly relevant as re - development and infill proj - ects face greater regulatory scrutiny and infrastructure constraints. In many cases, utility capacity, stormwater requirements, environmental remediation, and flood-haz - ard compliance must now be evaluated before zoning ap - proval or financing decisions can proceed. “Clients are asking differ - ent questions earlier in the process,” said Justin Pro- tasiewicz , principal at SESI Consulting Engineers. “They want to understand multiple viable paths for a site, includ - ing how different engineer - ing approaches impact cost, schedule, and long-term per - formance. Our role is to bring clarity to those decisions before major capital is committed.” SESI’s early-stage feasibility approach often includes evalu - ating multiple foundation systems, ground improvement strategies, and remediation options to determine the most viable path forward for a site. In one example, SESI imple - mented a ground improvement program using surcharge load - ing and dynamic compaction for a major industrial rede - velopment in Lyndhurst, New Jersey, eliminating the need for deep foundation systems and contributing to significant capital cost savings while im - proving constructability. In Fair Lawn, SESI’s geo - technical, environmental, and site civil teams supported the redevelopment of a for - mer industrial property into a modern warehouse facil - ity, coordinating remedia - tion, permitting, and ground improvement in a constrained redevelopment environment. The northeastern US is a
highly complex geotechni - cal region, with the New Jersey Meadowlands among the most challenging devel - opment zones. Subsurface conditions can include up to approximately 200 feet of compressible marsh depos - its, silts, clays, and variable fill materials. SESI has long supported projects requiring specialized ground improve - ment strategies to address these conditions. These so - lutions have enabled devel - opers to reduce foundation risks, improve schedule cer - tainty, and advance projects that might otherwise be con - sidered unfeasible. Clients working with SESI describe a shift in how engi - neering support is delivered during early-stage project evaluation. “We needed a consultant that would function more like a business partner,” said Peter Palazzo , president of LRC Construction LLC . “Someone who matched our intensity and could respond with the urgency our business demands. SESI didn’t just deliver one limited service or another. They stayed engaged and adapted as our needs evolved. It felt like a true part - nership rather than dealing with an outside consultant.” As SESI enters its next chapter, the firm expects con - tinued demand for early-stage engineering support in in - dustrial redevelopment, data centers, multifamily housing, and infrastructure-adjacent development, where feasibility constraints increasingly shape investment decisions. “Looking ahead, the most successful projects will be those where engineering is engaged early enough to influ - ence the decision itself,” St. Pierre added. “That is where we see the greatest impact on outcomes—for clients, communities, and the built environment.” MAREJ
Precis announces new leadership
Josh Hirshenhorn
Corin Gearhart
Debbie Douglas
Deirdre Garcia , who retired in June. Gearhart brings more than 15 years of graphic design and marketing experience. Her background includes brand - ing, collateral development, social media strategy, video and photography coordina - tion, and proposal develop - ment. She will lead daily marketing operations and work closely with the business development team. Gearhart holds a B.S. in Graphic Design from Jefferson University. Douglas joined Precis in 2023 and brings more than 30 years of architecture and project management experi - ence across commercial and residential markets in the US and abroad. In her new role, she will lead special - ized, small-scale commercial projects and project teams. She holds B.Arch. and B.A.S. degrees from the University of Cape Town. MAREJ
AMBLER, PA | CARY, NC — Precis Engineering + Architecture has made three strategic appointments, hiring Josh Hirshenhorn as director – business devel - opment and Corin Gearhart as marketing manager, and promoting Debbie Douglas, AIA , to director – special projects. The appointments became effective in June 2026, and all three contribute to firm leadership. Hirshenhorn brings more than 15 years of sales and business development ex - perience, including work in the regulated pharmaceuti - cal, biotechnology and life sciences markets. He will collaborate with Precis lead - ers and technical teams to strengthen client relation - ships and support growth. Hirshenhorn holds a B.S. from the University of Pitts - burgh and is a member of AMFP and ISPE. He succeeds
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