(NOV. 7, 2017 – Orlando, Fla.) – Transwestern Investment Management in partnership with Diversified International Partners today announces it acquired two industrial properties totaling 213,666 square feet.
“With industrial strong demand and the upward trajectory of Central Florida’s population and job growth, we saw Monroe Commerce Center and Park South Business Center as strategic acquisitions to further diversify our portfolio in the Southeast,” said John Higgins, Director of Acquisitions at Transwestern Investment Group (TIG®). “Both assets are positioned well to capitalize on the low vacancy in the submarket and offer immediate cash flow through leasing the available space.”
Monroe Commerce Center, at 4150 – 4200 Church St. in Sanford, Florida, is a 181,348 square-foot, two-building, multitenant industrial property. The property benefits from proximity to skilled labor and accessibility to Interstate 4 that provide access to all of Orlando and Tampa and I-95 to the north.
Located at 9420 Delegates Drive in Orlando, Florida, Park South Business Center totals 32,318 square feet and is anchored by Hyundai Motors America. The property is within a few miles of the Orlando International Airport and 2 miles south of The Florida Mall.
Both properties offer a shallow-bay industrial design with 24-foot clear heights, ample car parking, dock-high doors and sufficient office space, as well as quick access to major highways including Interstate 4 and the Florida Turnpike.
Cushman & Wakefield’s Michael Lerner and Mike Davis represented the seller, TA Realty, in the transaction.
ABOUT TRANSWESTERN INVESTMENT GROUP
Transwestern Investment Group (TIG®) is an investment adviser serving a broad range of investors through a diversified array of discretionary and non-discretionary investment vehicles. Our client-focused, relationship-driven approach ensures our priorities are our clients’ investment objectives. With $3 billion of assets under management, trust, integrity and transparency are the cornerstones of our business. TIG provides tactical investment management with an integrated operating platform through the Transwestern family of companies, which includes a diversified real estate services firm with 35 U.S. offices and a 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.