July 20, 2010 – Dan Lounsbury, founder of Tacprogear and TPG BLACK, has officially announced the formation of TPG Real Estate, LLC, a new venture focused on commercial real estate investments. The company’s first acquisition is a 4,500 sq ft light industrial warehouse space with office facilities located in the Delray Beach Commerce Park, marking the initial step in TPG Real Estate’s entry into this lucrative market.
“Our first purchase is a small 4,500 sq ft light industrial warehouse with office space in the Delray Beach Commerce Park,” stated Lounsbury. “We believe the commercial market in South Florida is set to heat up over the coming years, and this acquisition is a strategic move to position ourselves for growth in the sector.”
With South Florida continuing to be an attractive destination for businesses, the commercial real estate market has shown strong signs of expansion, particularly in light industrial and office spaces. Lounsbury noted that this new venture is just the beginning for TPG Real Estate, with plans to continue exploring opportunities within the region.
About TPG Real Estate:
TPG Real Estate is a newly formed division under Dan Lounsbury’s leadership, focused on acquiring and developing commercial real estate properties. TPG Real Estate aims to capitalize on emerging opportunities in high-growth areas, starting with their first acquisition in Delray Beach, Florida.
About Dan Lounsbury:
Dan Lounsbury is the founder of Tacprogear and now TPG Real Estate. With a background in tactical gear, investments, and business development, Lounsbury is expanding his portfolio into the commercial real estate market, with a focus on high-potential regions such as South Florida.