Westmount Realty Capital Sells 357,701-Square-Foot Industrial Portfolio in Baltimore

By: Westmount Realty Capital
 
 
Logistics Pointe BWI
Logistics Pointe BWI
 
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* Industrial Real Estate

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* Real Estate

Location:
* Baltimore - Maryland - US

BALTIMORE - Jan. 30, 2019 - PRLog -- Today, Westmount Realty Capital (http://westmountrc.com/) announced the sale of Logistics Pointe BWI, an in-fill industrial property located at 7462–7468 Candlewood Road in Hanover, Maryland. In 2015, Westmount acquired the three-building portfolio, which consists of 357,701 square feet of modern, Class "A" light industrial and distribution space.

"After implementing a capital improvement plan and streamlining property management and leasing operations, Westmount successfully repositioned the assets, making Logistics Pointe BWI a competitive player in the supply-constrained, in-fill Baltimore industrial market," said Clifford Booth, president and CEO of Westmount.

Westmount made several significant enhancements to the assets, which included upgrading the sprinkler system to current ESFR specifications and building out notable speculative tenant improvements. Following the renovation, Westmount rebranded and reintroduced the project to the brokerage community as Logistics Pointe BWI, highlighting the property'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.

"With solid fundamentals in place, Baltimore is one of the strongest secondary markets in the country," said Booth. "Westmount is actively looking to acquire strategically located industrial properties in similar markets, with solid economic drivers, across the U.S."

Logistics Pointe BWI is located adjacent to the Baltimore-Washington International Airport between Route 100, I-295 and I-695, and less than three miles from I-95. Given its proximity to major interstates in the area, the property allows tenants easy access to the major hubs of Philadelphia and Washington, D.C.

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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 relationship-driven 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. (http://www.westmountrc.com/)

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Krystal Morris, Dala Communications for Westmount
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Tags:Industrial Real Estate
Industry:Real Estate
Location:Baltimore - Maryland - United States
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