Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Westmount Realty Capital Acquires Second Property in Florida with Warehouse FacilityThe warehouse space is fully leased to KeHE Distributors, one of the nation's top wholesale food distributors with 16 distribution centers across North America. KeHE has been a tenant since 2008. This location employs 200 of KeHE's 5,500 employees, and the asset also features land to expand the building by 100,000 square feet. "Deer Park is an in-demand, value-add investment opportunity with a top-notch tenant," said Nick Sands, Westmount's Florida industrial market leader. "There is almost no vacancy in this submarket and even less throughout the overall marketplace for air conditioned/ Westmount was drawn to the asset's institutional quality and attractive basis opportunity in one of the most desirable distribution submarkets in the Florida region. The asset was built in 1994 and is currently undergoing a roof replacement. The Deer Park facility has immediate access to Interstate 95 and proximity to I-295. Nearby Jacksonville is the largest city in the state and is the fifth fastest-growing city in the country, according to Forbes. It was also called the No. 2 up-and-coming city, according to Time Magazine. "We have a quality tenant in a building that is partially refrigerated and 100% air conditioned," Westmount acquired another Florida property in Tampa in May of this year, expanding its portfolio in the southeastern region. ### About Westmount Realty Capital Westmount Realty Capital, LLC is a time-tested, privately held, Dallas-based commercial real estate company that has achieved exceptional performance, with a core team in place, for more than 30 years. Westmount is seen as an innovator and leading-edge company in the industry and is a relationship- For more information, contact: Westmount Realty Capital, LLC info@westmountrc.com End
|
|