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Follow on Google News | 10 Building Centerpoint Portfolio Purchased By Westmount Realty Capital And Partners GroupBy: Westmount Realty Capital The Milwaukee industrial portfolio’s in-fill locations are strategically spread throughout the city, in close proximity to the interstate freeway system, executive housing, and accessible to labor pools. Westmount plans to actively manage the portfolio to maximize tenant retention through delivery of best-in-class property management, make-ready improvements to existing vacancies, re-branding and re-leasing programs. “With a 5.2 percent overall vacancy rate in the Milwaukee market, and limited options for users that are looking for space, we believe that our value add approach is going to open this portfolio back up for business as a leading alternative to new construction for users that are looking to expand in the market,” said Steve Kanoff, Executive Vice President and Principal of Westmount. Michael Zito, Senior Vice President at Partners Group, comments “We are very pleased to have completed this value-added investment. Our strategy includes the active management of this property as well as its re-tenanting following the expiration in-place leases which are below market." Westmount Realty Group will manage the portfolio and has hired Janelle Cox as their on-site property manager. Cushman & Wakefield | The Boerke Company has been selected as the exclusive leasing agent for the portfolio. “We are very excited to work with Westmount & Partners Group to bring this portfolio back on line to the market as a viable opportunity to the occupier marketplace. Westmount and Partners Group understand how to unlock the untapped potential of this portfolio and we are expecting the market to react in a very positive manner to the capital expenditure that they are planning,” said Jeff Hoffman, Partner of Cushman & Wakefield | The Boerke Company. Erik Foster and Mike Wilson of Avison Young represented the seller in the transaction. ### 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 20+ 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 33 billion (USD 40 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 700 people, is listed on the SIX Swiss Exchange (symbol: PGHN) with a market capitalization of over CHF 7.5 billion (over USD 7.5 billion) and a major ownership by its partners and employees. For more information on what is planned for the portfolio please direct inquires to: Property Management: Janelle Cox Westmount Realty Group LLC jcox@westmountrc.com 414-256-3404 Leasing Information: Jeff HoffmanCushman & Wakefield | The Boerke Company jhoffman@boerke.com 414-322-4778 End
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