CBRE Closes $39.5MM Sale of Two Industrial Buildings at Dean Forest Commerce Park

Savannah – July 15, 2020 – CBRE is pleased to announce the sale of two industrial buildings, totaling 444,030 square feet, in Savannah, Georgia. The properties are located at
1315 and 1319 Dean Forest Road in the Dean Forest Commerce Center. CBRE marketed the property on behalf of the seller, a joint venture between North Signal Capital and a fund
managed by Westport Capital Partners LLC. Affiliates of Lexington Realty Trust purchased the assets.

The 100% occupied properties sold for $39.5MM.

CBRE’s Trey Barry, Frank Fallon, and Chris Riley, with local partners William Lattimore and Bill Sparks, represented the seller in the transaction.

“The opportunity to acquire these two properties at the Dean Forest Commerce Center allowed the buyer to expand their footprint in the rapidly expanding Savannah industrial market,” said Trey Barry, senior vice president at CBRE. “With 100% occupancy, Class A+ building specifications, and close proximity to the Port of Savannah, these properties will make strong additions to Lexington’s industrial portfolio.”

Port Logistics Group occupies 100% of the 355,527 square foot building at 1315 Dean Forest Road while SLM Group Holdings occupies 100% of the 88,503 square feet at 1319 Dean Forest Road.

“This sale demonstrates that demand remains strong, in both leasing and investment, for well positioned industrial properties,” said William Lattimore, Senior Vice President at CBRE.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) CBRE Press Release worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

About North Signal Capital

North Signal develops and acquires functional, flexible and strategically located distribution and manufacturing facilities in the Southeastern US. For more information regarding North Signal Capital LLC, please visit www.northsignalcapital.com.

About Westport Capital Partners LLC

Westport Capital Partners LLC is a real estate investment firm focusing on adding value to real estate and “hands-on” solutions to complex situations. Westport provides domestic and international real estate related investment opportunities to institutional and private clients. Through its various funds, the firm invests in a wide variety of distressed, opportunistic and core plus real estate assets. The firm has offices in Los Angeles, California and Stamford, Connecticut. For more information regarding Westport Capital Partners LLC, please visit www.westportcp.com.

HFF announces $35.5M sale of 313,650 SF build-to-suit industrial facility near Charleston

CHARLOTTE, NC – HFF announces the $35.5 million sale of a 313,650-square-foot, newly delivered, state-of-the-art distribution and light assembly facility that is a build-to-suit for Science Applications International Corporation (SAIC) in Charleston, South Carolina.

HFF marketed the property on behalf of the seller, a joint venture between North Signal Capital and a fund managed by Westport Capital Partners LLC. Stockbridge purchased the asset.

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North Signal Capital and Westport Capital Partners Break Ground on Dean Forest Commerce a 450,000 SF Industrial Park in Savannah, GA

Located seven miles from the Port of Savannah
Delivery is expected in December 2019
CBRE will be the leasing representative

Savannah, GA, January 31, 2019 – A joint venture owned by North Signal Capital LLC and a fund managed by Westport Capital Partners LLC, broke ground today on two of the last developable sites within 10 miles of the Savannah port. The Joint Venture completed its acquisition of the land on October 31, 2018 and plans to develop two industrial buildings, 355,000 SF (Site 1) and 88,000 SF (Site 2), respectively.

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Rare New Construction Asset in Santa Barbara Sold by IPA

SANTA BARBARA, Calif., Dec. 21, 2018 – Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced today the sale of The Marc, a new-construction, luxury 89-unit multifamily asset with a retail component in Santa Barbara, California. The asset sold for $56.2 million.

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Westport Capital Partners and Galaxy Investments Announce the Acquisition of Tavern Square in Old Town Alexandria

Vienna, Virginia – June 15, 2018 – A joint venture between certain funds managed by Westport Capital Partners LLC and certain affiliates of Galaxy Investments, LLC is pleased to announce that it has acquired Tavern Square, a 171,008 mixed-use project in Old Town Alexandria, Virginia.  Terms of the transaction were not disclosed.

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Forstone Capital and Westport Capital Partners purchase The Offices at Nexton, Bridge Commercial to provide leasing services

New ownership capitalizing on sustainably-developed building in advanced, modern community with big plans for attracting tenants.

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North Signal Capital and Westport Capital Partners Announce 340,000 SF Build to Suit within North Pointe Commerce Park

Charleston, SC, March 2, 2018 – West-Signal, a joint venture owned by an affiliate of North Signal Capital LLC and a fund managed by Westport Capital Partners LLC, in coordination with, the South Carolina Department of Commerce and Berkeley County Economic Development is pleased to announce the commencement of construction on a 340,000 square foot build-to-suit warehouse and production facility for Science Applications International Corporation (SAIC) within North Pointe Commerce Park. SAIC is a leading technology integrator in the engineering, technical and information technology markets primarily serving the U.S. federal government.

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10700 and 10800 Geddes Change Hands, Transformation Underway

Westport Capital Partners Invests in Second Denver Asset

DENVER, November 2, 2017 – An entity owned by a fund managed by Westport Capital Partners LLC, a real estate investment firm, has acquired 10700 and 10800 East Geddes Avenue in Englewood, Colorado, from Colony Northstar, Inc. The 185,957 square foot two-property office center is located east of the Interstate 25 and Dry Creek interchange in the Inova Dry Creek Business Park. Ryan Stout, Nate Bradley and Zach Williams of Cushman & Wakefield have been hired as the exclusive leasing agents for the office property.

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The Mix at River’s Edge Begins Phase One of Master Plan

Provo, Utah (Oct. 25, 2017) – Westport Capital Partners LLC, an international real estate investment firm, today announced that its project The Mix at River’s Edge is moving forward with phase one of its Master Plan early next week. Demolition and removal of many existing buildings starts the process, focusing on Lolo’s, Big O Tires, Taco Time, and Kyoto restaurant.

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Condyne and Westport Capital Partners Acquire Brookwood Business Center

Transwestern Consulting Group (TCG) today announces it brokered the sale of Brookwood Business Center at 101 Billerica Ave. in Tewksbury and Billerica, Massachusetts, on behalf of Brookwood Financial Partners, LLC. The six-building, 448,707-square-foot park was purchased by a joint venture partnership between Condyne Capital Partners and a fund managed by Westport Capital Partners LLC.

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