National MarketingNewly launched Transwestern Ventures raises $122M for first investment vehicle
Houston Business Journal, Oct. 11, 2022
The newly launched investment arm of Houston-based Transwestern has secured $122 million of equity for its debut vehicle, exceeding its initial goal of $100 million. Transwestern Ventures said 10 entities, including family office and high-net-worth investors, committed between $5 million and $20 million each to the vehicle, dubbed Transwestern Ventures Partners I.
The new investment vehicle marks the first of its kind for Transwestern Ventures. The company said it will focus on opportunities in the industrial, multifamily, health care, life sciences, office, hotels and land-development spaces across Transwestern’s national footprint. Transwestern currently operates in 33 markets.
“We are delighted that our investment partners share our vision and, like Transwestern, are eager to capitalize on the myriad opportunities that exist amidst rapidly changing market trends,” Transwestern Ventures Managing Partner Fred Knapp said in a statement.
Knapp said the investment firm leans on Transwestern’s 2,100 leasing, development, operations and investment professionals to identify opportunities. As an example, the company recently identified a 22-acre site in Vacaville, California, which Transwestern Ventures then acquired in an off-market transaction. Transwestern Ventures plans to use the site to develop a speculative, 390,000-square-foot biomanufacturing campus.
Knapp, along with Vice President Hugh Stewart and Associate James Duncan, are involved with the financial evaluation, acquisition and asset management of every investment opportunity.
“We do not take a cookie-cutter approach when it comes to our investment decisions,” Knapp said. “The Transwestern team, along with its clients and operating partners, has on-the-ground experts in markets nationwide, enabling in-depth conversations with parties who intimately understand regional complexities and sector nuances. This is a critical component of our strategy and one that we believe will lead to strong returns for Ventures investors.”
While Transwestern Ventures was just launched earlier this year, Transwestern itself is a well-established real estate firm that’s been involved in numerous deals across Houston since it was founded in1978. Transwestern is No. 3 on the Houston Business Journal’s 2022 Largest Houston-Area Commercial Real Estate Brokerages List, based on its 145 local licensed professionals as of earlier this year. The firm also has multiple brokers on the HBJ’s Heavy Hitters Lists, which rank commercial real estate brokers based on gross dollar volume of deals completed over the previous year.
Ford Confirms Innovation Center in Atlanta’s West Midtown
Atlanta Business Chronicle, Oct. 6, 2022
A Ford Motor Co. research and innovation hub is coming to West Midtown, the company confirmed. The automobile company has leased 15,400 square feet at the 8West office building, developer The Atlantic Cos. confirmed this week. For plans to bring a research and innovation center focusing on software and technology development to the space.
Transwestern Taps Peter Conte to Direct National Laboratory + Life Sciences Practice
The Registry, Oct. 21, 2022
Transwestern Real Estate Services announces that Peter Conte has been named to direct the firm’s national Laboratory + Life Sciences advisory group, which draws on the firm’s integrated platform to provide agency leasing, tenant advisory, asset services, capital markets and research services to life sciences tenants and building owners.
Holland Construction Services starts construction on $101M multifamily development in St. Louis area
St. Louis Business Journal, Oct. 13, 2022
Holland Construction Services is making progress on one of its newest midrise development projects in the St. Louis area and recently held a ground-breaking ceremony for the project. As part of the design for Bemiston Place, developer Balke Brown Transwestern chose to preserve the historic Shanley Building next to the new development, which is on the National Register of Historic Places.
DSC Partners sells six Silver Spring buildings near FDA headquarters for $40.5 million
Washington Business Journal, Sept. 29, 2022
A D.C.-based firm recently sold its Silver Spring industrial and office portfolio near the Food and Drug Administration headquarters – in the heart of Montgomery County’s White Oak Science Gateway Master Plan area, long-envisioned for mixed-use revitalization.
