Drew Thigpen, guest of The Power of Design Podcast

Drew Thigpen

Partner & Vice President of Development

Greenberg Gibbons Properties

Episode 87

Light Industrial Development with Drew Thigpen

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Introduction

Drew Thigpen, partner and Vice President of Development at Greenberg Gibbons Properties, joins Jack Ossa on The Power of Design Podcast. Drew leads development in North and South Carolina for the company's shallow bay light industrial division, which builds flexible office and warehouse space for small and regional businesses.

It was Drew's first time on a podcast. The talk moves from a childhood move from Louisiana to Belgium and an international career in engineering and construction, to the business plan that created his company and the reasons he is so focused on one building type.

About the Episode

Drew grew up in Baton Rouge, Louisiana. In his junior year of high school his parents told the three children that the family was moving to Brussels because of his father's work in oil and gas. He describes it as an awakening: new languages, new friends and a wish to see as much of the world as possible. He studied civil engineering at Clemson and joined an international engineering and construction company with a training program that rotated him through departments and cities. Over seven or eight years he moved eight or nine times, including two years in Dubai on liquefied natural gas projects.

In Dubai he saw how the owner side of large projects works, including how they are capitalized and how sites are found, and he decided he wanted to put down roots, make decisions earlier in the process and work in a smaller team. After graduate school he and a friend from Clemson wrote a plan to develop shallow bay light industrial buildings in the Carolinas. The owners of Greenberg Gibbons Commercial, a Maryland developer with more than 50 years of experience, agreed to keep the new company inside their group.

Drew explains the product in detail: speculative buildings with no tenants signed, subdivided into spaces for tenants who need both office and warehouse. He describes how the first projects were funded, how they later brought in an institutional partner, how many buildings have been completed and are in the pipeline, and why he and his partners stay focused on a single type of building. The conversation closes with a comparison of design-build in the United States and in Colombia, which Jack knows firsthand.

Key Takeaways

  • Focus on one product: the team calls itself expert in shallow bay light industrial and refines its design and process after every project.
  • Serve overlooked tenants: developers chase 100,000 square foot tenants, so businesses needing 10,000 square feet of office and warehouse are underserved.
  • Use institutional resources: staying inside a larger group gave a four-partner startup access to legal, accounting, HR and project management support.
  • Build for flexibility: speculative shells let the team divide and finish space to fit each tenant.
  • Choose the right sites: locations sit between interstate access and residential neighborhoods, close to the tenants' customers.
  • Decide and move on: gather feedback from the team, make the decision with conviction and keep going, because many good decisions beat a few perfect ones.
  • Integrated design-build saves time: real design-build means the designer and builder work together, which brings earlier pricing and faster schedules.

Highlights from the Conversation

We build empty concrete boxes, as we lovingly say.

Drew Thigpen

Make decisions, have conviction about them and move on.

Drew Thigpen

It's been resiliency in accepting that I've made a lot of mistakes.

Drew Thigpen

Drew also says his team celebrates wins on purpose, because the work is genuinely hard.

Topics Discussed

  • Growing up in Louisiana and moving to Belgium
  • Working on international engineering and construction projects
  • Moving from contractor to owner-side development
  • Forming a light industrial company inside a larger developer
  • Choosing markets, sites and tenants for shallow bay buildings
  • Funding projects with equity partners
  • Design-build in the United States compared with Colombia
  • Work-life balance, fitness and staying focused

Why This Conversation Matters

Light industrial buildings combine office and warehouse space, so their design has to balance a presentable front with practical operations behind it. That mix is something we explore in architecture projects such as First in Flight, an industrial and office building, and eFactor 3. Drew's emphasis on repeatable design, early pricing and a close relationship between designer and builder shows why clear program requirements and early collaboration make speculative buildings work.

About the Guest

Drew Thigpen is a founding partner and Vice President of Development at Greenberg Gibbons Properties in Charlotte, North Carolina, where he leads development in North and South Carolina for the shallow bay light industrial division. Raised in Louisiana and educated in Belgium and at Clemson, he trained as a civil engineer and worked for an international engineering and construction company before moving into development.

Greenberg Gibbons Properties
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Frequently Asked Questions

What is shallow bay light industrial space?

Drew Thigpen describes it as buildings for tenants that need both office and warehouse space, usually around 9,000 to 12,000 square feet. The fronts look like single-story suburban offices with full brick and large bay windows, while the rear holds storage and operations, so small businesses can bring clients to a space they are proud of.

Why does Greenberg Gibbons Properties build speculative space?

The team builds what Drew calls empty concrete boxes with no leases in hand, then divides and builds out the space to suit each tenant once the building is delivered. He says the product is flexible and in demand because smaller businesses have been overlooked by developers focused on very large distribution buildings.

How was Greenberg Gibbons Properties started?

Drew and a friend from Clemson wrote a business plan to develop shallow bay light industrial product in the Carolinas and brought it to the owners of Greenberg Gibbons Commercial. The owners kept the new company inside their group, so it could use the legal, accounting, HR and project management resources of an institutional developer while staying a small, nimble team.

How does Drew choose locations for these projects?

Access to an interstate matters less than for distribution centers. The sites he looks for sit between interstate access and the residential areas the tenants serve, which he describes as urban infill, close enough to a major road but also close to customers' neighborhoods.

What did Drew learn from working internationally?

He spent years moving between countries with an international engineering and construction company, including liquefied natural gas projects. He saw how an engineering contractor can be involved early, and how cultures differ on work-life balance, before choosing to return to the United States and move to the ownership and development side.

Let’s work together.

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4539 Hedgemore Dr. Suite 101
Charlotte, NC 28209