# Smith Industrial Partners | Lee & Associates # https://smithcre.com > Smith Industrial Partners is a specialized industrial real estate advisory team led by Justin Smith, SIOR, based at Lee & Associates in Irvine, California. We combine supply chain intelligence with industrial real estate brokerage to deliver better outcomes for tenants, landlords, and investors. We have executed transactions in every major U.S. industrial market. ## What We Do Smith Industrial Partners provides four integrated service lines, each informed by supply chain expertise and 22+ years of industrial real estate experience: - **Tenant / Occupier Representation**: Lease negotiations, renewals, relocations, expansions, and build-to-suit representation for industrial occupiers. We evaluate locations based on supply chain operations, not just square footage and price. - **Landlord / Owner Representation**: Strategic leasing for institutional funds, developers, and private investors. We leverage tenant relationships and market intelligence to maximize asset performance. - **Investment Sales**: Acquisition and disposition advisory for industrial assets. Deep market knowledge with national execution capability and proprietary buyer-seller intelligence. - **Supply Chain Consulting**: Network optimization, 3PL selection advisory, Mexico nearshoring analysis, and site selection strategy. We are the only CRE team in our market with graduate-level supply chain education (MSCM). ## Who We Serve - Industrial tenants and occupiers (warehousing, distribution, manufacturing, logistics, e-commerce fulfillment) - Third-party logistics providers (3PLs) - Institutional landlords and developers (Prologis, Rexford, GLP, Irvine Company, Blackstone, Brookfield, and others) - Private investors and owner-users of industrial property - Companies evaluating supply chain and distribution network strategy ## Markets We have executed transactions in every major U.S. industrial market. Our primary markets include: - Orange County, California (Headquarters) - Los Angeles County, California - Inland Empire, California - Phoenix, Arizona - Las Vegas, Nevada - Seattle, Washington - Dallas, Texas - Houston, Texas - San Antonio, Texas - Austin, Texas - Atlanta, Georgia - Tampa, Florida - Charlotte, North Carolina - Chicago, Illinois - Columbus, Ohio - Cincinnati, Ohio - New Jersey National execution is supported through Lee & Associates' 75+ office network across North America. ## Team - **Justin Smith, SIOR** -- Founder & Principal. 22+ years of experience. 700+ assignments totaling $700M+ in deal value and 10M+ SF transacted. Author of *Industrial Intelligence* and *Industrial Income*. Host of the *Industrial Insights* podcast (100+ episodes). Credentials: SIOR, MBA, MRED, MCR, MSCM. - **Grant LaBounty** -- Vice President. Logistics, warehouse, and industrial clients across Southern California Mid Counties. Specializing in occupier solutions and market intelligence. - **Chris Vassilian** -- Associate. Business development and off-market opportunities for industrial developers. Analytics-driven approach to deal sourcing and valuation. ## Credentials & Authority - **SIOR** (Society of Industrial and Office Realtors) -- the highest professional designation in commercial real estate - **MBA** -- Master of Business Administration - **MRED** -- Master of Real Estate Development - **MCR** -- Master of Corporate Real Estate - **MSCM** -- Master of Supply Chain Management - Published author of two books on industrial real estate strategy - Host of *Industrial Insights* podcast with 100+ episodes featuring industry leaders - Member of Lee Corporate Solutions national tenant representation platform - Active relationships with executives at Geodis, Prologis, Maersk, and dozens of supply chain technology providers ## Books - **Industrial Intelligence: The Executive's Guide for Making Informed Commercial and Industrial Real Estate Decisions** -- A comprehensive guide for decision-makers navigating industrial real estate transactions. - **Industrial Income: The Insider's Guide to Passive Industrial Real Estate Investments** -- A guide to industrial real estate investing for passive investors and family offices. ## Why Choose Smith Industrial Partners 1. **Supply chain expertise**: We are the only industrial brokerage team in our market with graduate-level supply chain education. We evaluate properties through both a real estate lens and an operations lens. 2. **700+ completed assignments**: $700M+ in deal value and 10M+ square feet transacted across our career. 3. **National reach**: Transactions executed in every major U.S. industrial market through Lee & Associates' 75+ office network. 4. **Institutional-grade negotiation**: We have negotiated against every major institutional landlord in the U.S. and also represent landlords, giving us insight into both sides of the table. 5. **Long-term advisory relationships**: Many clients have trusted us for 15+ years across multiple transactions and markets. 6. **Published thought leadership**: Two books, 100+ podcast episodes, and a monthly market newsletter establish our position as subject matter experts. ## Contact - **Website**: https://smithcre.com - **Phone**: (949) 400-4786 - **Email**: jbsmith@lee-associates.com - **Office**: 9838 Research Dr., Irvine, CA 92618 - **LinkedIn**: Justin Smith SIOR - **Podcast**: Industrial Insights (available on Apple Podcasts, Spotify, and all major platforms) ## Site Pages - [Home](https://smithcre.com/) - [About / Team](https://smithcre.com/about) - [Services](https://smithcre.com/services) - [Why Us / Differentiators](https://smithcre.com/differentiators) - [Insights / Podcast / Books](https://smithcre.com/insights) - [Contact](https://smithcre.com/contact) ## Podcast — Industrial Insights (full episode transcripts) Full searchable transcripts of the Industrial Insights podcast, hosted by Justin Smith, SIOR — 81 episodes on industrial real estate, logistics, supply chain, 3PL, warehousing, and data centers (2021–present, newest first). - [All episodes](https://smithcre.com/podcast/) - [Operations Consulting from Shop Floor to Boardroom with Gabriel Rodrigues](https://smithcre.com/podcast/gabriel-rodrigues/) - [Bringing Data Mastery to Shipping with Hannah Testani of Intelligent Audit](https://smithcre.com/podcast/hannah-testani/) - [Putting Data Center Deals Together with Jim Kerrigan, SIOR](https://smithcre.com/podcast/jim-kerrigan/) - [The Future of On-Demand Warehousing with Karl Siebrecht of Flexe](https://smithcre.com/podcast/karl-siebrecht/) - [Industrial Insights with Rosemary Coates](https://smithcre.com/podcast/rosemary-coates/) - [Industrial Insights with Nick Biondolillo](https://smithcre.com/podcast/nick-biondolillo/) - [Industrial Insights with Casey Winans](https://smithcre.com/podcast/casey-winans/) - [Industrial Insights with Chris O'Brien](https://smithcre.com/podcast/chris-o-brien/) - [Real Estate Capital Markets with Brandon Sedloff of Juniper Square](https://smithcre.com/podcast/brandon-sedloff/) - [The Evolving 3PL Landscape with Scott Weiss of Maersk](https://smithcre.com/podcast/scott-weiss/) - [Industrial Insights with Mo Nafisi](https://smithcre.com/podcast/mo-nafisi/) - [Industrial Insights with Adrian Betts](https://smithcre.com/podcast/adrian-betts/) - [Industrial Insights with Paul Lukehart](https://smithcre.com/podcast/paul-lukehart/) - [Industrial Insights with Joe Dunlap](https://smithcre.com/podcast/joe-dunlap/) - [Industrial Insights with Hillary Drake](https://smithcre.com/podcast/hillary-drake/) - [The Benefits of 3PL Scale with Jonathan Briggs of ShipMonk](https://smithcre.com/podcast/jonathan-briggs/) - [Inside the Port with Dr. Noel Hacegaba](https://smithcre.com/podcast/dr-noel-hacegaba/) - [Industrial Insights with Ryan Robinson](https://smithcre.com/podcast/ryan-robinson/) - [Industrial Insights with Jesse Gundersheim](https://smithcre.com/podcast/jesse-gundersheim/) - [Industrial Insights with Michael Myers](https://smithcre.com/podcast/michael-myers/) - [Industrial Insights with Parth Pethani](https://smithcre.com/podcast/parth-pethani/) - [Industrial Insights with Rob Jensen](https://smithcre.com/podcast/rob-jensen/) - [Industrial Insights with Neal Perry](https://smithcre.com/podcast/neal-perry/) - [Industrial Insights with John Gaglio](https://smithcre.com/podcast/john-gaglio/) - [Industrial Insights with David Hickey](https://smithcre.com/podcast/david-hickey/) - [Industrial Insights with Justin Rappel](https://smithcre.com/podcast/justin-rappel/) - [Industrial Insights with Rob Quarton](https://smithcre.com/podcast/rob-quarton/) - [Industrial Insights with Janet Ydavoy](https://smithcre.com/podcast/janet-ydavoy/) - [Industrial Insights with Chelsea Levane](https://smithcre.com/podcast/chelsea-levane/) - [Industrial Insights with SoCal Industrial Market Update](https://smithcre.com/podcast/socal-industrial-market-update/) - [Industrial Insights with Michael Bucci](https://smithcre.com/podcast/michael-bucci/) - [Industrial Insights with Eric Ruehle](https://smithcre.com/podcast/eric-ruehle/) - [Industrial Insights with Rob Guthrie](https://smithcre.com/podcast/rob-guthrie/) - [Industrial Insights with Michael Schulte](https://smithcre.com/podcast/michael-schulte/) - [Mastering Material Handling Dynamics in Industrial Real Estate](https://smithcre.com/podcast/mastering-material-handling-dynamics-in-industrial-real-estate/) - [Digging into Labor Analytics with Kevin Dollhopf and Gary Yates](https://smithcre.com/podcast/digging-into-labor-analytics-with-kevin-dollhopf-and-gary-yates/) - [Electrifying the Grid & Innovative Solar Applications with Chris Pawlik](https://smithcre.com/podcast/electrifying-the-grid-innovative-solar-applications-with-chris-pawlik/) - [Warehouse Automation FAQ with Josh Duane](https://smithcre.com/podcast/warehouse-automation-faq-with-josh-duane/) - [Automating Credit Underwriting with Josh Feinberg](https://smithcre.com/podcast/automating-credit-underwriting-with-josh-feinberg/) - [CRE Lobbying with Matt Hargrove](https://smithcre.com/podcast/cre-lobbying-with-matt-hargrove/) - [Inside Rainmaker U with Tim O’Brien](https://smithcre.com/podcast/inside-rainmaker-u-with-tim-obrien/) - [Cold Storage Development 2.0 with Matt Anderson](https://smithcre.com/podcast/cold-storage-development-2-0-with-matt-anderson/) - [Leading NAIOP SoCal Into 2023 with Timothy Jemal](https://smithcre.com/podcast/leading-naiop-socal-into-2023-with-timothy-jemal/) - [Inside Commercial Financing with Colin Dubel](https://smithcre.com/podcast/inside-commercial-financing-with-colin-dubel/) - [Supply Chain Economics with Jason Miller and Jay Tanjuan](https://smithcre.com/podcast/supply-chain-economics-with-jason-miller-and-jay-tanjuan/) - [Taking Tenant Assignments Digital with Chris Skyles](https://smithcre.com/podcast/taking-tenant-assignments-digital-with-chris-skyles/) - [Launching A Second Fund with Peter Mork](https://smithcre.com/podcast/launching-a-second-fund-with-peter-mork/) - [Growing an Industrial Investment Platform with Jordan Kovalsky](https://smithcre.com/podcast/growing-an-industrial-investment-platform-with-jordan-kovalsky/) - [How Supply and Demand Dynamics Effect Industrial Real Estate](https://smithcre.com/podcast/how-supply-and-demand-dynamics-effect-industrial-real-estate/) - [Improving Sales, Inventory & Operation Planning with Lisa Anderson](https://smithcre.com/podcast/improving-sales-inventory-operation-planning-with-lisa-anderson/) - [GXO Logistics’ Success with Mark Manduca & Jeff Rinkov](https://smithcre.com/podcast/gxo-logistics-success-with-mark-manduca-jeff-rinkov/) - [Material Handling with Steve Graham](https://smithcre.com/podcast/material-handling-with-steve-graham/) - [Turning Supply Chain Disruption into Innovation with Alan Amling](https://smithcre.com/podcast/turning-supply-chain-disruption-into-innovation-with-alan-amling/) - [Transforming Your Supply Chain to a Digital Supply Network with Jim Tompkins](https://smithcre.com/podcast/transforming-your-supply-chain-to-a-digital-supply-network-with-jim-tompkins/) - [San Diego Industrial Development with Matt Traino](https://smithcre.com/podcast/san-diego-industrial-development-with-matt-traino/) - [Navigating the Industrial Market Development Cycle](https://smithcre.com/podcast/navigating-the-industrial-market-development-cycle/) - [Cost Segregation with Yonah Weiss](https://smithcre.com/podcast/cost-segregation-with-yonah-weiss/) - [Brian Malliet of BKM Capital Partners](https://smithcre.com/podcast/brian-malliet-of-bkm-capital-partners/) - [Warehouse and Transportation Optimization with Phil Schmidbauer](https://smithcre.com/podcast/warehouse-and-transportation-optimization-with-phil-schmidbauer/) - [Property Management with Sam Chanin](https://smithcre.com/podcast/property-management-with-sam-chanin/) - [Industrial Development with Jay Tanjuan](https://smithcre.com/podcast/industrial-development-with-jay-tanjuan/) - [Underwriting Deals & the Journey to the Principal Side of the Business with Jonathan Metcalfe](https://smithcre.com/podcast/underwriting-deals-the-journey-to-the-principle-side-of-the-business-with-jonathan-metcalfe/) - [CRE Broker Financial Advice with Mike Salmon](https://smithcre.com/podcast/cre-broker-financial-advice-with-mike-salmon/) - [Industrial Real Estate Market Cycle Considerations with Rob Neal](https://smithcre.com/podcast/industrial-real-estate-market-cycles-considerations-with-rob-neal/) - [How to Redesign Your Supply Chain Network with Steve Johanson and David Barron](https://smithcre.com/podcast/how-to-redesign-your-supply-chain-network-with-steve-johanson-and-david-barron/) - [Liquid Membrane Roofing with Aron Corral](https://smithcre.com/podcast/liquid-membrane-roofing-with-aron-corral/) - [Facility Design with John Curtis](https://smithcre.com/podcast/facility-design-with-john-curtis/) - [Commercial Construction Market with John Gormly](https://smithcre.com/podcast/commercial-construction-market-with-john-gormly/) - [When to Bring in Capital Partners with John Meek](https://smithcre.com/podcast/when-to-bring-in-capital-partners-with-john-meek/) - [Landlord Insurance Policy Insights with Will Narduzzi](https://smithcre.com/podcast/landlord-insurance-policy-insights-with-will-narduzzi/) - [Creating Value in Development with Jason Korengold](https://smithcre.com/podcast/creating-value-in-development-with-jason-korengold/) - [Structuring Industrial Sale Leasebacks Investments with Neil Wahlgren](https://smithcre.com/podcast/structuring-industrial-sale-leasebacks-investments-with-neil-wahlgren/) - [E-Commerce Platform Success with Padhu Raman](https://smithcre.com/podcast/e-commerce-platform-success-with-padhu-raman/) - [Industrial Insurance with Luke Nelson](https://smithcre.com/podcast/industrial-insurance-with-luke-nelson/) - [Building a Multi-Tenant Industrial Portfolio with Peter Mork](https://smithcre.com/podcast/investing-in-multi-tenant-industrial-in-the-greater-minneapolis-markets-with-peter-mork/) - [Discussing the Industrial Development In Northern and Southern California with Taline Agopian](https://smithcre.com/podcast/discussing-the-industrial-development-in-northern-and-southern-california-with-taline-agopian/) - [Breaking Down Capital Expenditures Projects with Scott Jolly](https://smithcre.com/podcast/breaking-down-capital-expenditures-projects-with-scott-jolly/) - [Talking Industrial Small Bay Property Investment and General Partners with Rush Harvey](https://smithcre.com/podcast/talking-industrial-small-bay-property-investment-and-general-partners-with-rush-harvey/) - [Industrial Development in Southern California with Jake Smith of Duke Realty](https://smithcre.com/podcast/industrial-development-in-southern-california-with-jake-smith-of-duke-realty/) - [How Consultants Can Help Your Manufacturing and Distribution Business with Lisa Anderson](https://smithcre.com/podcast/how-consultants-can-help-your-manufacturing-and-distribution-business-with-lisa-anderson/) - [WHSE Partners Building Multi-Tenant Industrial with Rob Boese](https://smithcre.com/podcast/whse-partners-building-multi-tenant-industrial-with-rob-boese/) ## Industrial Insights Newsletter Archive Monthly Southern California & national industrial real estate market intelligence by Justin Smith, SIOR (Lee & Associates). - [All issues](https://smithcre.com/market-reports/) - [Industrial Insights — Issue 01: The Three Doors](https://smithcre.com/market-reports/industrial-insights-the-three-doors/) - [Industrial Insights - OC Industrial Deep Dive](https://smithcre.com/market-reports/industrial-insights-oc-industrial-deep-dive/) - [Industrial Insights - Warehousing On Demand](https://smithcre.com/market-reports/industrial-insights-warehousing-on-demand/) - [Industrial Insights - Q1 2026 SoCal Exec Brief](https://smithcre.com/market-reports/industrial-insights-q1-2026-socal-exec-brief/) - [Industrial Insights - Power is the new Location](https://smithcre.com/market-reports/industrial-insights-power-is-the-new-location/) - [Industrial Insights - The Episodes That Resonated Most](https://smithcre.com/market-reports/industrial-insights-the-episodes-that-resonated-most/) - [Industrial Insights - Owner/User Report & 90 Day Sale Analysis](https://smithcre.com/market-reports/industrial-insights-owner-user-report-90-day-sale-analysis/) - [Industrial Insights - The Hundreds Report Expanded](https://smithcre.com/market-reports/industrial-insights-the-hundreds-report-expanded/) - [Industrial Insights - Sale Market Breakdown](https://smithcre.com/market-reports/industrial-insights-sale-market-breakdown/) - [Industrial Insights - Sublease Market Update](https://smithcre.com/market-reports/industrial-insights-sublease-market-update/) - [Industrial Insights - Industrial RE ≠ Operations](https://smithcre.com/market-reports/industrial-insights-industrial-re-operations/) - [Industrial Insights - Prologis Earnings Call](https://smithcre.com/market-reports/industrial-insights-prologis-earnings-call/) - [Industrial Insights - Insource vs Outsource in 2026](https://smithcre.com/market-reports/industrial-insights-insource-vs-outsource-in-2026/) - [Industrial Insights - 2025 Year End Market Update](https://smithcre.com/market-reports/industrial-insights-2025-year-end-market-update/) - [Industrial Insights - December 2025](https://smithcre.com/market-reports/industrial-insights-december-2025/) - [Industrial Insights - November 2025](https://smithcre.com/market-reports/industrial-insights-november-2025/) - [Industrial Insights - September 2025](https://smithcre.com/market-reports/industrial-insights-september-2025/) - [Industrial Insights - August 2025](https://smithcre.com/market-reports/industrial-insights-august-2025/) - [Industrial Insights - Mid Year Report](https://smithcre.com/market-reports/industrial-insights-mid-year-report/) - [Industrial Insights - July 2025](https://smithcre.com/market-reports/industrial-insights-july-2025/) - [Industrial Insights - June 2025](https://smithcre.com/market-reports/industrial-insights-june-2025/) - [Industrial Insights - May 2025](https://smithcre.com/market-reports/industrial-insights-may-2025/) - [Industrial Insights - April 2025](https://smithcre.com/market-reports/industrial-insights-april-2025/) - [Industrial Insights - Promat 2025 Executive Briefing](https://smithcre.com/market-reports/industrial-insights-promat-2025-executive-briefing/) - [Industrial Insights - March 2025](https://smithcre.com/market-reports/industrial-insights-march-2025/) - [Industrial Insights - February 2025](https://smithcre.com/market-reports/industrial-insights-february-2025/) - [Industrial Insights - January 2025](https://smithcre.com/market-reports/industrial-insights-january-2025/) - [Industrial Insights - December 2024](https://smithcre.com/market-reports/industrial-insights-december-2024/) - [Industrial Insights - October 2024 - Leasing Update](https://smithcre.com/market-reports/industrial-insights-october-2024-leasing-update/) - [Industrial Insights - October 2024](https://smithcre.com/market-reports/industrial-insights-october-2024/) - [Industrial Insights - September 2024](https://smithcre.com/market-reports/industrial-insights-september-2024/) - [Industrial Insights - August 2024 - Sunday Edition](https://smithcre.com/market-reports/industrial-insights-august-2024-sunday-edition/) - [Industrial Insights - August 2024](https://smithcre.com/market-reports/industrial-insights-august-2024/) - [Industrial Insights - July 2024](https://smithcre.com/market-reports/industrial-insights-july-2024/) - [Industrial Insights - June 2024](https://smithcre.com/market-reports/industrial-insights-june-2024/) - [Industrial Insights - May 2024 - Summer Update](https://smithcre.com/market-reports/industrial-insights-may-2024-summer-update/) - [Industrial Insights - May 2024](https://smithcre.com/market-reports/industrial-insights-may-2024/) - [Industrial Insights - April 2024](https://smithcre.com/market-reports/industrial-insights-april-2024/) - [Industrial Insights - March 2024 - Owner/User Update](https://smithcre.com/market-reports/industrial-insights-march-2024-owner-user-update/) - [Industrial Insights - March 2024](https://smithcre.com/market-reports/industrial-insights-march-2024/) - [Industrial Insights - February 2024](https://smithcre.com/market-reports/industrial-insights-february-2024/) - [Industrial Insights - January 2024](https://smithcre.com/market-reports/industrial-insights-january-2024/) - [Industrial Insights – October 2023 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-october-2023/) - [Industrial Insights – June 2023 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-june-2023/) - [Industrial Insights – March 2023 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-march-2023-la-oc-ie/) - [Industrial Insights – July 2023 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-july-2023/) - [Industrial Insights – September 2023 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-september-2023/) - [Industrial Insights – August 2023 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-august-2023/) - [Industrial Insights – January 2023](https://smithcre.com/market-reports/industrial-insights-january-2023/) - [Industrial Insights – November 2022](https://smithcre.com/market-reports/industrial-insights-november-2022/) - [Industrial Insights – October 2022](https://smithcre.com/market-reports/industrial-insights-october-2022/) - [Industrial Insights – September 2022](https://smithcre.com/market-reports/industrial-insights-september-2022/) - [Industrial Insights – April 2022 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-april-2022-la-oc-ie/) - [Industrial Insights – October 2021 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-october-2021-la-oc-ie/) - [Industrial Insights – July 2021 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-july-2021-la-oc-ie/) - [Industrial Insights – June 2021 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-june-2021-la-oc-ie/) - [Industrial Insights – April 2021 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-april-2021-la-oc-ie/) - [Industrial Insights – March 2021 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-march-2021-la-oc-ie/) - [Industrial Insights – February 2021 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-february-2021-la-oc-ie/) - [Industrial Insights – January 2021 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-january-2021-la-oc-ie/) - [Industrial Insights – November 2020 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-november-2020-la-oc-ie/) - [Industrial Insights – October 2020 – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-october-2020-la-oc-ie/) - [Industrial Insights for OC / LA / Prologis](https://smithcre.com/market-reports/industrial-insights-for-oc-la-prologis/) - [Industrial Insights – September – LA/OC/IE](https://smithcre.com/market-reports/industrial-insights-september-la-oc-ie/)