Coral Gables-FL based America’s Capital Partners has launched ACP Industrial with the intent of expanding into industrial real estate development of distribution centers in prime Southeast US markets. Michael Nelligan, an industrial real estate veteran with 30 years of experience, will lead the new venture.

Nelligan’s diverse background includes industrial development, acquisitions and leasing at Exeter Property Group, and national transaction experience at major industry players Cushman & Wakefield, JLL, Staubach Company, Duke Realty and Trammell Crow Company.

ACP Industrial is targeting multiple markets in FL, GA, NC and SC with growing populations and transportation hubs providing connectivity of seaports, rail, intermodal and expressways. The venture will develop speculative and build-to-suit projects ranging from 100,000 to 500,000 square feet.

“Demand for well-located industrial real estate in Sunbelt population centers has never been higher,” said America Capital Partner CEO Sergio Socolsky. “Southeast industrial markets are experiencing record-low industrial vacancies and rising rental rates.”