Transwestern Expands Industrial Portfolio in Florida
- Nov 06, 2017
Transwestern Investment Management and Diversified International Partners acquired two industrial properties in Florida. Located at 4150-4200 Church St., in Sanford, Fla., the Monroe Commerce Center is a 181,348-square-foot, two-building, multi-tenant industrial property. Sold by TA Realty, the asset offers easy access to Interstates 4 and 95.
Located at 9420 Delegates Drive in Orlando, Fla., the Park South Business Center is a 32,318-square-foot property anchored by Hyundai Motors America. The Orlando International Airport and The Florida Mall are both within close distance. Amenities include 24-foot heights, car parking, dock-high doors and office space.
“With industrial strong demand and the upward trajectory of Central Florida’s population and job growth, we saw Monroe Commerce Center and Park South Business Center as strategic acquisitions to further diversify our portfolio in the Southeast,” said John Higgins, director of acquisitions at Transwestern, in prepared remarks. “Both assets are positioned well to capitalize on the low vacancy in the submarket and offer immediate cash flow through leasing the available space.”
Cushman & Wakefield’s Michael Lerner and Mike Davis represented the seller.
Photos courtesy of Transwestern