SOURCE: WexTrust Capital, LLC

July 18, 2007 17:05 ET

WexTrust Capital Acquires Warehouse Distribution Center in Hammond, Louisiana

Strategic Location Enables Corporations to Serve New Orleans, Baton Rouge and the Entire Gulf Coast Region

CHICAGO, IL--(Marketwire - July 18, 2007) - WexTrust Capital, through its affiliate Hammond Industrial Holdings, LLC, announced that it has acquired the 710,603-square-foot Pride Drive Business Center in Hammond, La. The property is located on approximately 107 acres of land and is currently 100 percent occupied by Liquid Container, Entergy, DuPont Performance Elastomers, Victory Packaging, and Penske Truck Leasing.

In the months following Hurricane Katrina, Hammond has become the nexus of two large metropolitan areas, benefiting from a surge in population and development largely due to its ideal location between New Orleans and Baton Rouge at the intersection of two major interstate highways: I-12 and I-55. Several large companies have already recognized Hammond and the I-12 Corridor for its location, as evidenced by the presence of large warehouse and distribution centers for Home Depot, Wal-Mart, Folgers Coffee, Cardinal Health, 84 Lumber, and Winn-Dixie.

"Pride Drive Business Center is a well built facility with a great location and a strong tenant roster. Plus, its acreage offers plenty of room for future development," said Mike Gorney, principal of WexTrust Equity Partners, a division of WexTrust Capital. "We look forward to showcasing all of the warehousing, distribution and production benefits of this property to prospective tenants."

The building is constructed of precast insulated concrete panels, with an internal ceiling height of 38 feet in 75 percent of the building. It also offers 117 truck docks and 23 paved acres for parking and outside storage. Rail service to the building is provided by the Canadian National Railway, with access to five main-line railroads. The property also is nearby five interstate exits, the Hammond Municipal Airport, and a barge loading facility at Port Manchac which handles bulk and containerized cargo.

WexTrust Capital also announced plans to potentially add up to three buildings on the site totaling 400,000 square feet. The first building, which has already been designed, will contain 100,000 square feet. Negotiations are already underway with a large user.

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

Contact Information