COLUMBUS, OH—Dallas, TX-based Transwestern Investment Group has acquired a 1.5 million-square-foot industrial portfolio on behalf of TSP Value and Income Fund II. Located in southeast Columbus, OH, the three bulk industrial buildings bring the value-add real estate fund's industrial portfolio to more than four million square feet in the Midwest markets.
“This portfolio fits with the fund's strategy to acquire undervalued assets in infill, last-mile locations and transform them for higher future values through local market experts, tactical capital investment and a comprehensive marketing strategy,” says Chris Sterling, vice president at TIG. “This investment takes advantage of a tight submarket with limited bulk availabilities and a lean construction pipeline through upcoming tenant requirements.”
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