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For the past six years, Transwestern has provided investment advisory services to Sumitomo Corporation of Americas including sourcing, property evaluations, operational assessments and market assessments.
“Core to BlackRock Real Assets' investment process is the integration of ESG considerations, including sound governance practices,” says CIO Jim Barry.
The newly developed property was sold by AC Packer West, which was represented in the transaction by CBRE's Joe Ayers, Cliff Taylor and Shelton Granade. The deal calculated out to $211,333 per unit.
Total grocery sales, including revenue through all channels—from traditional grocers to warehouse clubs— grew by 3.5% in 2018 to more than $743 billion.