Chicago & Midwest CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Chicago & Midwest  + Midwest  + Industrial  | 

Transwestern Investment Group Divests Multimarket Industrial Portfolio

Transwestern Investment Group (TIG) has sold a 10-building, 2.9 million-square-foot industrial portfolio on behalf of its discretionary investment fund, TSP Value and Income Fund II. The properties, 100% leased to Stockbridge, span Missouri, Indiana and Ohio. 

“The disposition reaffirmed TIG’s strategy to aggregate high-performing Midwest industrial product to create a multimarket portfolio that would provide the buyer an immediate presence in the region at a purchase price below replacement cost,” said Ryan Grable, VIP at TIG. “Historically low industrial cap rates and high demand among investors made this the right time to sell the portfolio.” 

The portfolio includes five buildings in St. Louis, two in Indianapolis and three in Columbus, ranging from 125,000 to 706,000 square feet. TIG notes that St. Louis, Indianapolis and Columbus are experiencing low industrial vacancy, positive net absorption and year-over-year rent growth.

CBRE’s Michael Caprile and Zachary Graham represented TIG. Buyer and price weren’t disclosed.


Inside The Story

Transwestern’s GrableCBRE’s Caprile

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action
New call-to-action