357,701 Square Foot Baltimore Portfolio Purchased By Westmount Realty Capital And Partners Group

BALTIMORE - June 25, 2015 - PRLog -- A joint venture between Westmount Realty Capital, LLC and Partners Group is pleased to announce their entry into the Baltimore-Washington, D.C. market with the purchase of Candlewood Commerce Center located at 7462–7468 Candlewood Road in Hanover, Maryland and adjacent to the Baltimore-Washington International Airport (BWI).  The property encompasses three in-fill industrial buildings of 357,701 square feet of modern Class A light industrial and distribution space.

Westmount and Partners Group were drawn to the asset’s strategic location adjacent to the BWI Airport between Route 100, I-295 and I-695, and less than three miles from I-95. Westmount also sees great upside potential in leasing up these buildings that have less than half the occupancy of others in the surrounding market.

Westmount plans to immediately make several significant capital improvements to the buildings in order to enhance the project's appeal and ability to accommodate near-term occupancy requirements. Among the planned improvements are upgrading the sprinkler system to current ESFR specifications and building out notable speculative tenant improvements.  Following renovation, Westmount will then rebrand and reintroduce the project to the brokerage community, while highlighting the project’s ability to accommodate a broader range of uses as a result of the ESFR upgrades and its offer of “plug-and-play” solutions for tenants with near-term occupancy requirements. The project's unsurpassed location and upgraded image will also be featured in its relaunch into the supply-constrained, in-fill Baltimore industrial market.

Clifford Booth, President of Westmount, commented, “We are excited about the Baltimore acquisition and are eager to turn this project around. Westmount and Partners Group understand how to reposition assets through strategic improvements as well as management and leasing expertise, and will apply appropriate measures to make the Candlewood project competitive to users in the Baltimore market.”

Westmount Realty Group will manage the portfolio and has retained the Baltimore office of JLL as the exclusive leasing agent for the portfolio.  Jon Carpenter of DTZ represented the seller in the transaction.

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Westmount Realty Capital LLC (“WRC”) is a dynamic, privately held Dallas-based company with activities in commercial real estate investment, development and management. The principals of WRC have a proven 25+ year track record across market cycles, yielding strong investment returns for the company and its investors, in real estate transactions across the United States.www.westmountrc.com

Partners Group is a global private markets investment management firm with over EUR 37 billion (over USD 45 billion) in investment programs under management in private equity, private real estate, private infrastructure and private debt. The firm manages a broad range of customized portfolios for an international clientele of institutional investors. Partners Group is headquartered in Zug, Switzerland and has offices in San Francisco, Houston, New York, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Shanghai, Seoul, Tokyo and Sydney. The firm employs over 750 people and is listed on the SIX Swiss Exchange (symbol: PGHN) with a major ownership by its partners and employees.

For more information on what is planned for the portfolio please direct inquiries to:

Westmount Realty Capital, LLC:
Alice Kettle, Manager of Marketing
214-884-3702
akettle@westmountrc.com (%22mailto:akettle@westmo)

Leasing Information:
Benjamin Meisels
JLL
(443) 451-2614
ben.meisels@am.jll.com