MINNEAPOLIS—Dallas-based Westmount Realty Capital has just shown once again how much it likes the Midwest. It recently acquired a five-building, 845,622-square-foot industrial portfolio in the Minneapolis metro area. This acquisition was its first in the Twin Cities, but as reported in GlobeSt.com, the company also recently bought a major portfolio in the Milwaukee area, and another in the Chicago region, where it already owned millions of square feet.
“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,” says Clifford Booth, president and chief executive officer of Westmount. “Westmount is currently looking to acquire stabilized and value-add industrial assets within the primary and secondary markets within the US.”
Located in the southwest suburban industrial market of Minneapolis, the fully-occupied portfolio is close to the Minneapolis-St. Paul International Airport. The area is considered an important trucking hub in the Midwest, second only to Chicago. ND and SD, IA and western WI are all in the logistics range of the Minneapolis-St. Paul area.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
