A Weston Success Story
Weston purchased a 409,600 SF industrial warehouse campus on 25 acres in April 2008.
- Weston purchased a 409,600 SF industrial warehouse campus on 25 acres in April 2008 for $8,400,000.
- The acquisition included four (4) buildings constructed in 1989-90.
- Property is located in the thriving market of Spartanburg, South Carolina.
- Weston negotiated favorable financing with a lender to enjoy below market cost of capital over the four (4) year hold period.
- Project was 100% occupied at acquisition and we were successful negotiating and extending the existing tenant lease terms to continue healthy returns on our investment.
- In April 2012 we sold this facility to an investor for $9,000,000 and completed our first “round trip transaction” with this JV partner.
- Projected returns at acquisition were expected to be 13.5% and upon sale we achieved over 27% total project return on this investment.
download pdf
Acquisition
Weston acquires a fully occupied 2 million SF industrial portfolio in Indiana
learn more
Acquisition
Weston has completed the acquisition of the 104,311 SF Southpointe Parkway Flex Portfolio
learn more
Leasing
Weston achieved full lease‑up and early stabilization of the 752,600 SF Anderson Industrial Campus
learn more