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Follow on Google News | Westmount Realty Capital Enters Minneapolis Industrial MarketCompany acquires 845,622-square-foot industrial portfolio in the Twin Cities region.
By: Westmount Realty Capital "We are in a period of strategic growth and this property presented Westmount with the opportunity to acquire a multi-tenant, industrial infill property with significant potential," said Clifford Booth, president and CEO of Westmount. "Westmount is currently looking to acquire stabilized and value-add industrial assets within the primary and secondary markets within the U.S." Located in the southwest suburban industrial market of Minneapolis, the five-building, 845,622-square- Minneapolis has a thriving business community and is home to some of the largest and most well-known companies in the world including UnitedHealth Group, Target and Best Buy. The area is also considered an important trucking hub in the Midwest, second only to Chicago. North and South Dakota, Iowa and western Wisconsin are all in the logistics range of the Minneapolis- With this acquisition, Westmount now has more than 8 million square feet of industrial space in the Midwest region of the U.S. The company currently has a 5 million-square- Colliers International was the listing broker on this acquisition. ### About Westmount Realty Capital Westmount Realty Capital, LLC is a time-tested, privately held, Dallas-based commercial real estate company that has achieved exceptional performance, with a core team in place, for more than 30 years. Westmount is seen as an innovator and leading edge company in the industry and is a trusted operating partner of numerous U.S. and foreign institutional and private capital sources. The company is active nationally, specializing in value add and opportunistic investments, and has navigated successfully through multiple market cycles. For additional information, contact www.westmountrc.com. End
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