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TRANSWESTERN INVESTMENT GROUP PARTNERSHIP SELLS 1.5 MILLION SF INDUSTRIAL PORTFOLIO IN
(JUNE 19, 2019 – DALLAS) – Transwestern Investment Group (TIG®) today announces it has sold a
1.5 million-square-foot industrial portfolio on behalf of the Diversified International Partners
Fund. A joint venture between Weston and Arcapita acquired the nine logistics facilities in
Indianapolis for an undisclosed price.
“This sale represents TIG’s strategy to acquire high-quality, institutional assets in prime
locations,” said Richard Yeh, Managing Director at TIG. “During ownership, we were able to
stabilize the rent roll and increase the portfolio’s net operating income by successfully
executing the majority of lease transactions at rates that exceeded underwriting. That, coupled
with the increased demand for infill industrial product, led us to achieve returns that exceeded
our investors’ expectations.”
The portfolio was 96% occupied at the time of sale to tenants including Hat World and 3M. The
properties, ranging from 54,982 square feet to 311,600 square feet, feature highly functional
characteristics required by today’s industrial tenants, including adequate clear heights,
abundant trailer storage, ample auto-parking, and high curb appeal.
Seven of the properties are located in Park 100, which provides immediate access to Interstates
465 and 65. The remaining two assets are within the Hunter Creek Business Park, offering
convenient access to I-70. Both parks provide proximity to Indianapolis International Airport
and FedEx’s second-largest hub in North America.
The national industrial market continues to be fueled by strong consumer
demand and a tight supply of warehouse and distribution facilities in desirable locations. Nearly 3
billion square feet of industrial space has been leased since 2010, and the first quarter
national vacancy rate was a low 4.8 percent. Asking rents continue to increase, with 41 of the
47 markets tracked by Transwestern experiencing year-over-year growth, driving the overall U.S.
average up to $6.28 per square foot.
Michael Caprile of CBRE provided disposition services.
ABOUT TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group (TIG®) is an investment adviser serving a broad range of clients through a
diversified array of discretionary and non-discretionary investment vehicles. With $4.5 billion
of assets under management as of year-end 2018, our client-focused, relationship-driven approach
is built upon trust, integrity and transparency. TIG provides tactical investment management with an
integrated operating platform through the Transwestern enterprise, which includes a diversified
real estate services firm with 34 U.S. offices and a prominent commercial development company.
For more information, visit transwesterninvest.com.
This document does not constitute an offer, solicitation or recommendation to sell or an offer
to buy any securities, investment products or investment advisory services. Any offer or
solicitation will be made only pursuant to a confidential private placement memorandum and
subscription documents (the “Offering Materials”) and will be subject to the terms and
conditions contained in such Offering Materials.
The clients included in this press release were not selected based on performance, but because
they are some of the largest well-known clients with similar strategic alliances. It is not
known whether these clients approve or disapprove of TIG or the services or products it