SOURCE: WexTrust Capital, LLC

November 13, 2006 13:32 ET

WexTrust Capital Acquires Nine Office Buildings in Montgomery Alabama

Class A Business Park Strategically Situated in the Path of Montgomery's Eastward Suburban Expansion

CHICAGO, IL -- (MARKET WIRE) -- November 13, 2006 -- WexTrust Capital, through its affiliate Interstate Park Holdings, LLC, has acquired nine office buildings in a class A business park located in Montgomery, Alabama for an undisclosed price. The nine properties acquired by Interstate Park Holdings, LLC consist of one four-story, one three-story, five two-story, and two one-story office buildings, with a total of 270,000 rentable square feet which is currently leased to 72 tenants.

Situated on approximately 28 acres in a planned business park renamed as "Colonial Park" three years ago, the office buildings offer convenient access to I-85 and US 80 which is Montgomery's Eastern Bypass that provides access to downtown Montgomery, surrounding suburbs, and Atlanta, 160 miles to the east. Strategically occupying the northeast quadrant of the highly visible interexchange of I-85 and Perry Hill Road, the business park is also positioned directly in the path of Montgomery's eastward suburban expansion.

Mike Gorney, Principal of WexTrust Equity Partners, a division of WexTrust Capital, commented, "We are pleased to have completed the acquisition of these properties as we feel they represent some of the most attractive space in the Montgomery area. Moving forward the business park will take back its original development name, 'Interstate Park.'"

Montgomery, the capital city of Alabama, is the second largest city in the state and over 366,000 people live in the four-county Montgomery metropolitan area. Montgomery is also home to Alabama state and regional governments, a new $1.1 billion Hyundai plant, and Maxwell Airforce Base-Gunter Annex which is a major military installation and the largest employer in the area. The metropolitan area also includes an extensive service industry, wholesale and retail trade, and an industrial base, all providing a well-balanced economic environment.

"Additionally," concluded Gorney, "the park enjoys a very strong tenant roster including a mix of U.S. government contractors and major financial services companies with no single tenant comprising more than ten percent of the space."

About WexTrust Capital

WexTrust Capital is a globally diversified private equity and specialty finance company with a proven track record for protecting its clients' assets and delivering a superior return-on-investment through its diverse portfolio of principal investments. WexTrust Capital specializes in unique investment opportunities ranging from real estate to specialty finance and investment banking. Headquartered in Chicago, the company also maintains offices in New York, Norfolk, Va., Atlanta, Boca Raton, Fla., Nashville, Tenn., Tel Aviv, Israel, and Johannesburg, South Africa. More information can be found at

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