Westport Properties Inc. has been in business since 1985
December 1, 2016: Based in Irvine, California, Westport Properties Inc. has recently purchased a four-property, Store Here Self Storage portfolio in Texas that was owned through a joint venture between RHW Capital Management Group LLC and Woodbridge Capital Partners LLC.
According to a press release by HFF (Holliday Fenoglio Fowler LP), the commercial real estate company that represented the seller in the deal, the assets has 2,162 units, 77 RV-parking spaces and three warehouse/commercial spaces.
The properties include:
•201 West Stassney Lane in Austin
•1815 Shady Oaks Drive in Denton
•4772 Golden Triangle Blvd. in Fort Worth
•700 Indian Trail in Harker Heights
The properties are in “highly visible and accessible locations along the Interstate 35 corridor, a major north-south arterial highway that stretches approximately 500 miles within Texas and connects four of the state’s major cities: Austin, Dallas, Fort Worth and San Antonio,” the release stated.
“The acquisition of the Store Here portfolio provided Westport Properties with the scale and geographic diversification among some of the highest-growth areas in the state,” said director Barbara Gaffed, who led an HFF team that included managing director Richard Schontz and associate director Matthew Weckesser. “The quality of the facilities is a complement to Westport’s ever-growing national platform.”
WPI’s portfolio has more than 7.5 million rentable square feet in 13 states. It's affiliated with Westport Memphis Self Storage LLC.