- Industry veterans Randy Baird, Ben Doherty, and Brice Hafner formed Eider Creek, combining decades of experience in industrial investment, development, and capital markets.
- The firm has two divisions: Eider Creek Partners for acquisitions and joint ventures nationwide, and Eider Creek Development for ground-up projects in core Texas markets.
- The company’s initial portfolio includes two Dallas-Fort Worth logistics centers totaling over 636K SF, reflecting continued industrial growth despite rising vacancy rates in the Metroplex.
A trio of seasoned Dallas-Fort Worth real estate executives is entering the competitive industrial market with a new venture, reports Bisnow. Randy Baird, Ben Doherty, and Brice Hafner have launched Eider Creek. The firm is split between investment and development arms, with a focus on Texas and strategic logistics markets across the country.
A Familiar Foundation
While the firm is new, its leadership is not. Baird, a 31-year industry veteran and former vice chairman at CBRE, will oversee portfolio strategy and capital oversight. Doherty, who spent more than two decades with Crow Holdings Capital leading its industrial and self-storage group, will steer investment strategy and governance. Hafner, formerly of Crow Holdings and GreyArch Properties, will manage development, acquisitions, and asset management.
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The Details
- Eider Creek Partners will pursue warehouse and logistics acquisitions and form joint ventures nationally.
- Eider Creek Development will build industrial projects in Dallas-Fort Worth, Houston, and other core Texas markets.
- The initial portfolio includes:
- Mountain Creek East Logistics Center in Dallas (468K SF)
- Marine Creek Logistics Center in Fort Worth (168K SF, with a 6K SF spec office and 36-foot clear heights on 11.6 acres)
- Mountain Creek East Logistics Center in Dallas (468K SF)
The firm’s offices are located at 8333 Douglas Ave., near the Dallas North Tollway and Northwest Highway.
Market Backdrop
Dallas-Fort Worth leads the nation in industrial construction, with over 28M SF underway—roughly 3% of its total industrial inventory, per Yardi Matrix. The surge in speculative development has pushed the metro’s vacancy rate to 10.2%, prompting a shift toward build-to-suit projects to curb oversupply risks.
Why It Matters
Eider Creek’s leadership team blends investment, development, and operational expertise. The firm is positioned to capitalize on both speculative and tailored industrial opportunities. It operates in a market that remains a national logistics leader despite short-term vacancy headwinds.
