November 7, 2017 Comments Off on Transwestern Picks Up 2.5M-SF Midwest Industrial Portfolio Views: 1484 Indiana, Midwest, Missouri, National News

Transwestern Picks Up 2.5M-SF Midwest Industrial Portfolio

Dallas-based Transwestern Investment Group (TIG) acquired a nine-building industrial portfolio exceeding 2.5 million square feet in St. Louis and Indianapolis for an undisclosed amount. Eastdil Secured’s Jay Borzi, Steve Silk and Josh McArtor brokered the transaction, on behalf of the unnamed seller, reportedly Blackstone.

TIG’s John Higgins says, “We were attracted to this portfolio because of its strong in-place cash flow with tenant and market diversity, staggered rollover and limited near-term capital expenditures.”

The properties include the following:

  • 28 W. Gateway Commerce in St. Louis: 500,000 square feet
  • 4702 Park 370 Blvd. in St. Louis: 494,333 square feet
  • 1600 – 4774 Park 370 Place in St. Louis: 319,184 square feet
  • 1010 Turner Road in St. Louis: 248,635 square feet
  • 1602 – 1620 Park 370 Court in St. Louis: 215,935 square feet
  • 22 W. Gateway Commerce in St. Louis: 155,700 square feet
  • 1430 S. Third St. in St. Louis: 125,712 square feet (pictured)
  • 6030 Gateway Drive in Indianapolis: 274,530 square feet
  • 5345 Decatur Blvd. in Indianapolis: 193,055 square feet

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