
Leadership Built for Modern Logistics Infrastructure


The Team Behind Shadowbox
With a combined 40 years of cycle-tested execution, Shadowbox leadership brings a career-dedicated focus to logistics real estate investment and development. Our experience spans multiple market cycles, global capital platforms, and some of the most sophisticated logistics portfolios in the world.


Mary Lang
Founder & Managing Member
With over 25 years of experience in the real estate industry, Mary is an accomplished real estate and investment executive with a track record of founding, building, and scaling transformative business platforms. Throughout her career, she has consistently identified underutilized opportunities, mobilized diverse sources of capital, and led complex initiatives from concept through execution—creating durable value across market cycles.
Most recently, Mary served as Managing Director and Head of Americas Direct Logistics Strategies at CBRE Investment Management, where she launched and scaled a leading open-end logistics investment platform. In this role, she was responsible for originating off-market acquisitions, raising institutional capital, and directing portfolio strategy across a scaled multi-market portfolio.
Previously, Mary held senior leadership roles at Prologis, where over a 17-year tenure she helped drive strategic growth initiatives, formed multiple joint ventures, led large-scale integrations following major corporate acquisitions, and executed billions of dollars in transactions. Her experience spans platform formation, operational scaling, and navigating complexity at institutional scale—skills that now inform the entrepreneurial vision behind Shadowbox Logistics.
EDUCATION:
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MBA, UC Berkeley Haas School of Business
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BA in Economics & Sociology, University of Pennsylvania
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Board Member for the New York Foundation for the Arts

Ryan Bandy
Founder & Managing Member
Ryan, in partnership with Mary Lang, founded Shadowbox Logistics and has been deeply involved with all phases of the firm's development, strategy, and positioning since the inception of the business.
Ryan has exclusively invested in the industrial and logistics product type for over seventeen years. During this period, Ryan has seen many step-functions as the asset has evolved into an essential operating business providing mission critical infrastructure functioning as the structural backbone to global and local trade. With an intense focus and intimate understanding of how global customers utilize their facilities, Ryan has scaled experience buying, building, owning, and operating best-in-class facilities that increase efficiency metrics while enhancing resiliency measures.
Prior to founding Shadowbox Logistics, Ryan partnered with Mary at CBRE Investment Management to launch and grow a logistics focused, open-end, core-plus fund. Previously, Ryan was a Regional Director for Clarion Partner's Lion Industrial Trust responsible for the overall strategy, growth, and performance across key regions of the United States. Over his career, Ryan has executed over sixteen million square feet of leases, fifty-five million square feet of developments, with fourteen million square feet of acquisitions and dispositions. In total, these transactions have totaled over $6.6 billion of gross capital deployed. Ryan also formally managed fifteen global Strategic Tenant Relationships.
EDUCATION:
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MSRE, Cornell SC Johnson College of Business
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BA in Economics, Southwestern University (Board of Visitors)
Shadowbox was founded to modernize logistics investment through buying, building, and operating mission-critical supply chain infrastructure with the building specifications in demand by the world's top distributors


Shadowbox was founded to modernize logistics investment through buying, building, and operating mission-critical supply chain infrastructure with the building specifications in demand by the world's top distributors