Westmount Realty Capital Acquires Class “A” Apartment Community

Westmount

Westmount Realty Capital is pleased to announce the acquisition of the Colonnade Apartments, a strong Class “A” garden-style apartment property located at 2815 Osler Drive in Grand Prairie, Texas. Westmount is rebranding the well maintained apartment community as Westmount at the Colonnade. The project constructed in 2001 consists of 192 units on an 11.19 acre site, for an average of … Read More

Dallas investor adds to apartment holdings with Grand Prairie buy

Westmount

A Dallas investor has purchased a Grand Prairie rental community, adding to the thousands of apartments the firm has recently acquired. Westmount Realty Capital purchased the Colonnade Apartments, a 192-unit apartment development at 2815 Osler Drive. Built in 2001, the project is near State Highway 360 and near General Motors’ Arlington plant. The new owners plan to upgrade the property. … Read More

357,701 SF Baltimore Portfolio Purchased By Westmount Realty Capital And Partners Group

Westmount

A joint venture between Westmount Realty Capital, LLC and Partners Group is pleased to announce their entry into the Baltimore-Washington, D.C. market with the purchase of Candlewood Commerce Center located at 7462–7468 Candlewood Road in Hanover, Maryland and adjacent to the Baltimore-Washington International Airport (BWI). The property encompasses three in-fill industrial buildings of 357,701 square feet of modern Class A … Read More

Dallas Investor Takes Three in Hanover

Westmount

Westmount Realty Capital has entered the Baltimore-Washington Corridor industrial market. The Dallas-based commercial real estate investment, development and management company purchased a three-building industrial portfolio in Hanover. Westmount is now the owner of the industrial buildings at 7462, 7466 and 7468 Candlewood Road. Together, the properties form the Candlewood Commerce Center, which the Dallas-based company purchased from TIAA-CREF for $26 … Read More

Dallas developer buys Hanover industrial park, first purchase in Baltimore area

Westmount

A Dallas developer has entered the Baltimore/Washington, D.C., market with the purchase of nearly 358,000 square feet of industrial and distribution space in Hanover. In collaboration with Switzerland-based Partners Group, Westmount Realty Capital LLC purchased Candlewood Commerce Center at 7462-7468 Candlewood Road near Baltimore/Washington International Thurgood Marshall Airport. The purchase price was not disclosed. The three buildings last sold to … Read More

Westmount Realty Capital has acquired the Braesridge Apartments

Westmount

Dallas-based Westmount Realty Capital has acquired the Braesridge Apartments at 11100 Braesridge Drive in the Fondren Southwest area. Westmount is rebranding the garden-style apartment community as Westmount at Braesridge. The three-story complex was built in 1982 and consists of 542 units totaling 413,276 square feet on 16.74 acres. The apartments are a mix of one- and two-bedroom units ranging from … Read More

Westmount Realty Capital Acquires Apartment Community in Houston

Westmount

HOUSTON — Westmount Realty Capital LLC has acquired the Braesridge Apartments located at 11100 Braesridge Drive in southwest Houston. Westmount is rebranding the garden-style apartment community as Westmount at Braesridge. The three-story asset was constructed in 1982 and consists of 542 units totaling 413,276 square feet on 16.7 acres, for an average of 32 units per acre. The apartments are … Read More

Westmount Realty Capital Enters Milwaukee

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February 10, 2015 BizNow After entering the Chicago market this time last year with a 1.5M SF industrial portfolio buy, Dallas-based Westmount Realty Capital (CEO Cliff Booth, pictured) is traveling an hour north to Milwaukee. The industrial investor bought a 10-building, 1.7M SF portfolio of Milwaukee area industrial (80% occupied) from Centerpoint Properties Trust, the Milwaukee Business Journal reports. The … Read More

Centerpoint sells 10 Milwaukee-area industrial buildings for $61 million

Westmount

February 11, 2015 BizTimes.com Milwaukee Business News Oak Brook, Ill.-based CenterPoint Properties Trust recently sold a portfolio of 10 industrial buildings in the Milwaukee area to an affiliate of Dallas-based Westmount Realty Capital LLC. The portfolio has a total of 1.74 million square feet of space and sold for about $35 a square foot, or a total of about $61.25 … Read More

Centerpoint sells 10 Milwaukee-area industrial buildings to Dallas investor

Westmount

February 6, 2015 Milwaukee Business Journal Sean Ryan, Reporter Centerpoint Properties Trust sold a portfolio of 10 buildings in the Milwaukee area to Dallas investor Westmount Realty Capital LLC, which plans substantial investment in the properties. It marks Dallas-based Westmount Realty Capital’s entrance into the Milwaukee area. The company bought a similar-sized portfolio in the Chicago area a year ago, … Read More

Westmount Realty Capital Sells 1.1M SF Industrial Complex in Charlotte

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  Rebusiness Online CHARLOTTE, N.C. — Dallas-based Westmount Realty Capital has sold Logistics Pointe/Charlotte, a 1.1 million-square-foot industrial/distribution complex at 2401 Nevada Blvd. and 12520 General Drive in Charlotte. The buyer was a joint venture between LRC Opportunity Fund and New York Life Real Estate Investors. Westmount Realty originally purchased the asset in June 2006, a year after Winn-Dixie filed … Read More

Westmount Realty Capital Announces Sale of 1.1 Million S.F. Industrial Complex in Charlotte, NC

Westmount

  Herald Online DALLAS — Dallas-based Westmount Realty Capital announced today the sale of Logistics Pointe/Charlotte located at 2401 Nevada Blvd. and 12520 General Drive in the southwest submarket of Charlotte, North Carolina, the largest industrial market in the Carolinas. The buyer was a joint venture partnership between LRC Opportunity Fund and New York Life Real Estate Investors. Logistics Pointe … Read More

Westmount Realty Capital acquires Highland Bluffs Apartments

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  Dallas Morning News Westmount Realty Capital has purchased the 357-unit Villas at Montierra apartments at 1615 John West Road in Dallas. The rental community was built in 1984 and is 95 percent leased. Read more here.

Westmount Realty Capital Acquires Dallas Apartment Community

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  Westmount Realty Capital Press Release DALLAS – January 12, 2015— Westmount Realty Capital, LLC is pleased to announce the acquisition of the Villas at Montierra, a 357-unit, individually metered class ‘B’ apartment complex constructed in 1984. Situated on 10.85 acres, the property is well located at 1615 John West Road just north of Interstate-30 along Buckner Boulevard in Dallas, … Read More

Logistics Pointe/Garland Signs Two New Leases Totaling 217,000 SF

Westmount

  REBusiness Online GARLAND, TEXAS — Westmount Realty Capital LLC has announced two new leases at the Logistics Pointe/Garland property located at 2600 McCree Road in Garland, Texas, near Dallas. The property is adjacent to Interstate 635 and includes 1.1 million square feet on a 66-acre, rail-serviced site. Calavo Growers Inc., a publicly traded provider of fresh foods, extended its … Read More

547k SF portfolio of 13 buildings within Braker Center in Austin

Westmount

  Real Estate Bisnow Westmount Realty Capital acquired a 547k SF portfolio of 13 buildings within Braker Center in Austin. The portfolio is located between I-35 and MoPac Expressway, in close proximity to The Domain. The portfolio has been institutionally managed and maintained. It is 88% occupied. The new owners plan a $1.5M architectural facelift and the property will be … Read More

Light Industrial To Become Office Space

Westmount

  REDNews, Staff Writer, Katie Hinderer AUSTIN – Westmount Realty Capital has purchased a 13 building portfolio within Braker Center. The purchase will add 546,984 square feet of property to the Dallas-based company’s collection. The purchase price was not disclosed “We like this portfolio because it provides an attractive current yield in addition to the opportunity for imbedded rent growth … Read More

Westmount Acquires 546,984 SF Office Portfolio in Austin

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  REBusiness Online AUSTIN, TEXAS — Westmount Realty Capital LLC has acquired a 13-building, 546,984-square-foot portfolio in Austin. Originally developed in the mid-1980s for light industrial use, the structures are now primarily finished out as office space. Institutionally managed and maintained, the assets were 88 percent occupied at the time of the sale. The portfolio is located within the Braker … Read More

Dallas investor buys Austin industrial portfolio to convert to office space

Westmount

  Austin Business Journal, Staff Writer, Jan Buchholz Westmount Realty Capital LLC has purchased a huge industrial/flex building profile in North Austin within the Braker Center. The price of the 13-building, 537,000-square foot property was not disclosed. The seller was a partnership of Dallas-based Granite Properties and Austin-based Endeavor Real Estate Group. The property was 88 percent leased at the … Read More

Westmount Realty Capital Acquires 332,143 SF Industrial Portfolio

Westmount

  Rebusiness Online Westmount Realty Capital LLC has purchased a 332,143-square-foot industrial portfolio in Tampa. The portfolio consists of six showroom and flex buildings on West Waters Avenue; two rear-load, dock-high buildings on Sunstate Street; and six front-load, dock- high distribution warehouses on Pioneer Park Boulevard. The portfolio is currently averaging 77 percent occupancy. Steve Kanoff of Westmount Realty Capital … Read More