New commercial real estate company provides materials handling services

Bastian development integrates real estate, logistics, and material handling
By Modern Materials Handling Staff
November 11, 2010 - MMH Editorial

Bill Bastian II announced recently the formation of Bastian Development, a commercial real estate company that will provide real estate development, logistics and materials handling on a national basis.  With this expertise, Bastian Development will integrate the tenant’s internal and external processes into the building design. Bastian Development’s primary affiliate, Bastian Material Handling, has provided the design and integration of materials handling systems to clients worldwide since 1952. This affiliation will allow Bastian Development to immediate support and provide services to a large existing client base.

“The formation of Bastian Development will allow us to provide real estate solutions to our existing client base and expand our exposure to other industrial users.  This addition makes us the only developer and owner of real estate that will integrate real estate, logistics and material handling on a national basis,” said Bastian.

The initial plans call for eight regional offices located in the United States and the recruitment of experienced commercial real estate personnel.  The first step in this process has been the hiring of Lance Collins, a 20-year veteran of commercial real estate, who will oversee the startup and day-to-day operations as general manager.

“I am proud to join the Bastian family of companies as general manager of Bastian Development.  The commercial real estate industry has become a commodity-based business, which requires the tenant to design and run their operation around whatever building the developer or landlord provides.  With the creation of Bastian Development, we will be able to partner with our clients and provide a broader and more complete facility solution.”



Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The Department of Commerce reported that January retail sales were up 0.2 percent compared to December and up 3.7 percent annually at $449.9 billion, and the NRF reported that January retail sales, which exclude automobiles, gas stations, and restaurants, rose 0.6 percent over December and 1.4 percent compared to January 2015.

On the freight shipments side, Cass reported that January shipments––at 1.025––trailed December by 1.3 percent and January 2016 by 0.2 percent. These declines were less than the 4.9 percent drop from November to December, though, and January shipments still topped the 1.0 mark for the 65th straight month in December.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that its Freight Transportation Services Index (TSI) saw a 0.4 percent decline from November to December, its second straight decline on the heels of a 1.0 percent decrease from October to November.

Carloads saw a 11.7 percent annual decline at 241,680, and intermodal containers and trailers rose 10.5 percent to 262,830

An amendment to the International Maritime Organization’s Safety of Life at Sea convention will go into effect requiring all shippers (importers and exporters) to certify and submit the Verified Gross Mass – the combined weight of the cargo and the container – to the steamship line and terminal operator in advance of loading the container aboard a vessel.

Comments

Post a comment
Commenting is not available in this channel entry.