Press Releases

1.5 MSF industrial portfolio in Indianapolis trades

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 provides.

Media Contact
Stefanie Lewis
713.272.1266
stefanie.lewis@transwestern.com
twmediarelations@transwestern.com