• 2021
    Acquisition Year
  • 1
  • 246K
    Total Square Footage
  • 1
    Number of Buildings
  • 100%
    Occupancy at Sale


Westmount acquired the Deer Park facility, a climate-controlled industrial warehouse, in October 2021. Constructed in 1994, the asset sits on 25 acres and includes sufficient land to expand the building by 100,000 SF. At the time of purchase, Deer Park was 100% leased to KeHE, one of the largest organic food distributors in the country, who has been a tenant since 2008. Westmount was drawn to the asset’s institutional quality, longstanding tenant, potential for expansion, and attractive off-market basis.


Westmount saw Deer Park as an in-demand, value-add investment opportunity with a top-notch tenant in a fast-growing market. The southern coastal cities in the Jacksonville Metropolitan Area are some of the most desirable distribution submarkets. Our team believed Deer Park could offer a potential buyer stable in-place cash flow, strong mark-to-market potential, and a strategic location with direct access to major highways. Westmount worked a deal with the seller to fund most of the new roof replacement and used capex funds to complete miscellaneous improvements. We sold the property in 2022, less than one year after acquisition, at 100% occupancy.


Westmount’s acquisitions team possesses a nationwide footprint and can leverage key senior acquisitions officers who have developed specialized knowledge in a specific region throughout their career. This enables Westmount to strategically source off-market deals that fit our investment criteria. Westmount realized this opportunity within one year to take advantage of strong market conditions and to avoid the risk of the tenant’s upcoming lease expiration.

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