Chicago-based Stotan Industrial has opened an office in El Segundo, marking the firm’s entry into the Los Angeles market.

“This is a very exciting time for Stotan,” Dan Fogarty, chief investment officer and principal at Stotan, said in a statement.

“This expansion to Los Angeles represents a pivotal moment in the company’s growth and underscores our dedication to delivering outstanding results for clients nationwide,” he added.

Will McPhee, who has been appointed vice president and market officer of California, is leading the firm’s West Coast investments.

The new branch will target the Las Vegas, Reno, Phoenix, Salt Lake City and Southern California markets.

McPhee joins Stotan after nearly eight years with Overton Moore Properties where, as vice president, he oversaw acquisitions, entitlements and leasing across the Inland Empire, Nevada and Utah. During his tenure, he grew the firm’s development pipeline by 6 million square feet, sourcing 325 acres across 11 properties in Nevada and Utah since entering those markets in 2021.

“The West Coast continues to offer a stable environment for investment,” McPhee said in a statement. “I am looking forward to growing Stotan’s footprint across this dynamic industrial market.”

Stotan Industrial, which was founded in 2021, is a private investment firm specializing in the acquisition and development of industrial assets in high-growth markets critical to the U.S. supply chain and e-commerce distribution.

With a portfolio of projects valued at over $300 million, Stotan is in growth mode.

Over the past few years, Stotan has launched projects in five states, including a 493,000-square-foot industrial park in San Antonio, a 530,000-square-foot cold storage facility in Elkton, Florida, and a 100,000-square-foot industrial building in Chicago.