Transwestern Investment Group has acquired a nine-building industrial portfolio of more than 2.5 million square feet in Indianapolis and St. Louis. With this acquisition, the TIG Midwest industrial portfolio has surpassed 10 million square feet.
The buildings provide modern bulk designs with low office finishes, ample truck courts and clear heights ranging from 22 to 39 feet. Located along the Interstate-70 transportation corridor that bisects the country, the properties include the following:
28 W. Gateway Commerce in St. Louis: 500,000 square feet
4702 Park 370 Blvd. in St. Louis: 494,333 square feet
1600 – 4774 Park 370 Place in St. Louis: 319,184 square feet
1010 Turner Road in St. Louis: 248,635 square feet
1602 – 1620 Park 370 Court in St. Louis: 215,935 square feet
22 W. Gateway Commerce in St. Louis: 155,700 square feet
1430 S. Third St. in St. Louis: 125,712 square feet
6030 Gateway Drive in Indianapolis: 274,530 square feet
5345 Decatur Blvd. in Indianapolis: 193,055 square feet
The portfolio was 92 percent leased at the time of sale. Jay Borzi, Steve Silk and Josh McArtor of Eastdil Secured brokered the transaction on behalf of the seller.