Westmount Realty Capital, a Dallas-based commercial real estate company, recently acquired a five-building, 845,622-square-foot industrial portfolio in Minneapolis. The acquisition is Westmount’s first in the Twin Cities.
Located in the southwest suburban industrial market of Minneapolis, the portfolio is close to the Minneapolis-St. Paul International Airport. The portfolio is fully occupied, which is reflective of the current vacancy rates for industrial properties in the region.
With this acquisition, Westmount now has more than 8 million square feet of industrial space in the Midwest region of the United States. The company currently has a 5 million-square-foot industrial portfolio in the greater Chicago area. The company’s Columbus, Ohio-area portfolio is roughly 1.39 million square feet of industrial space.
Colliers International was the listing broker on this acquisition.
