Transwestern Nabs 5M-SF Industrial Assignment

HOUSTON-Transwestern has been selected by AEW Capital Management L.P. to handle the property management of a 5.25-million-square-foot industrial portfolio comprised of 12 buildings across the country.

Boston-based AEW, which provides real estate investment management services to investors worldwide, recently was awarded asset management responsibilities for the portfolio by a private client. The properties, which each average 500,000 square feet, were part of a joint venture between an industrial developer and private capital partner that recently dissolved.

Located in the Mid-Atlantic and Midwest, as well as California, Georgia and Texas, all 12 buildings are 100% occupied by single tenants, according to Steve Pumper, executive managing director of Transwestern’s investment and asset management services. The property management team will be comprised of Glen Fernald, Steve Smith, Christy Means, Lyla Gambow, Dave Rock and Russell Lindscomb.