January 25, 2022
Orlando, FLA. – Transwestern Investment Group (TIG®) and Washington, D.C.-based Acento Real Estate Partners announce the sale of a three-building, 213,660-square-foot industrial portfolio in Orlando. The properties, Monroe Commerce Center and Park South, were 100% leased at the time of sale to Florida-based Richland Capital Holdings.
“The portfolio fulfilled our investment objectives, providing stable cash flow from a diverse roster of national and regional tenants,” said Claire Casey, Senior Associate at TIG. “Orlando’s industrial market continues to see healthy rent growth and robust leasing, with limited developable sites.”
Monroe Commerce Center is located at 4150 and 4200 Church St. in the Lake Mary/Sanford submarket and Park South is located at 9420 Delegates Drive in the Regency/Turnpike submarket. The portfolio features suite sizes ranging from 4,000 to 29,000 square feet. Since 2016, market rents for industrial space smaller than 25,000 square feet have significantly outpaced overall market growth.
Cushman & Wakefield’s Mike Davis, Rick Colon, Rick Brugge and Dominic Montazemi represented the sellers in the transaction.
Photography available for download here.
About Richland Capital Holdings
Richland Capital Holdings is a privately-owned, Florida-based company focused on acquiring stabilized, opportunistic and value-add commercial real estate in strategic markets across the United States. The firm primarily seeks to acquire single- and multi-tenant industrial properties and Class A/B multifamily assets in bourgeoning metropolitan markets, with a geographic concentration across the sunbelt regions of the South, Southwest and Southeast. Please direct inquiries to: Acquisitions@richlandcapital.com.
About Acento Real Estate Partners
Acento has developed deep experience in the acquisition, redevelopment and management of commercial assets since its inception in 2002. Headquartered in Washington, D.C., Acento is a seasoned investment management and operating company specializing in value-driven investment management strategies and property management services. Acento invests nationally across multifamily, office, industrial, and retail assets and strives to drive opportunity and successfully meet the needs of investors seeking exposure to U.S. commercial real estate, capital preservation and strong cash yield. The firm has succeeded at developing strong client relations in Latin America and the U.S., setting it apart as a strategic investment partner representing private and institutional clients from both Latin America and the U.S.
About Transwestern Investment Group
Transwestern Investment Group (TIG®) is a real estate investment adviser with $6.3 billion of assets managed since inception. The firm serves a broad range of institutional and high-net-worth clients with its full-service investment management and Transwestern’s integrated operating platform.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
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 provides.