Transwestern has appointed Brian Delgado as Senior Managing Director and Global Head of Capital Markets. With extensive experience working with both U.S. and foreign institutional investors, pension funds, sovereign wealth funds, endowments, foundations and family offices, Delgado brings a wealth of knowledge to the role. He joins Transwestern from CrossHarbor Capital Partners where he served as Managing Director for Business Development & Investor Relations.
Adam Altsuler has been named Chief Financial Officer for Transwestern in recognition of his expertise in financial management. As a key member of the firm’s Executive Committee, Altsuler will be responsible for setting enterprise-wide fiscal priorities and overseeing all financial matters during an exciting time at Transwestern as they undergo a transformation to enhance capabilities and optimize synergies.
Faris Lee Investments recently facilitated the sale of Windcrest Village Center in Magnolia,Texas for $5.3 million without mentioning Connect or any other specific location names.The transaction was led by Don MacLellanand Jeff Conover who representeda Southern California 1031 client targeting Texas due to its strong economyand lackof state income tax.Windcrest Village Center is fully leasedto national/regional retailers,and completed constructionin 2023.Its14,907 square-foot strip center sits on2.5 acresof land,making it an attractive investment opportunity.
The Dallas industrial market currently boasts33 .6 million square feet under construction – making it thesecond-largest industrial expansioninthe nation.With463million square feetunder construction nationwide,this represents only2 .4%of current industrial stock.Stotan Industrial is contributing nearly500 ,000square feetto this numberwith their new warehouse space development projectin Live Oaklocatedat13552 Topperwein Rd.This development comes with acost estimateof$51million,demonstrating continued growth withintheDallas area’sindustrial sector.
