Transwestern fund buys brand-new office project

Gains 112,000 square feet

Transwestern Investment Co.'s equity fund, Aslan Realty Partners III LLC, acquired a newly constructed, 112,000-square-foot office building in San Diego for an undisclosed price. The Plaza at Scripps Northridge, a four-story, class A property, is situated within a business park along the I-15 corridor approximately 20 miles north of downtown. Aslan Realty Partners made the purchase based on its " strategy of acquiring high-quality properties with significant upside." Chicago-based Transwestern Investment Co. invests in commercial real estate nationwide....

Comments