EQT Exeter Pays $49.9M ($159.62psf) for Prologis Western Industrial Portfolio across Seattle and Portland

EQT Exeter has acquired a 312,604-square-foot, three-building infill industrial portfolio in Seattle and Portland, Ore., for $49.9 million. Prologis sold the assets, public records show, with the assistance of CBRE.

Northwest Corporate Park Building 11 is the largest asset in the portfolio. Prologis had acquired the 207,082-square-foot distribution center in Portland for $26.5 million in 2018, CommercialEdge data shows.

The distribution center features 54 dock-high and 13 rail doors, four grade ramps and 27,971 square feet of office space, as well as an optional 7,300 square feet of showroom and 25,000 square feet of cooler space.

Prologis (NYSE: PLD)
Rick Kolpa | SVP, Market Officer-Seattle
Prologis (NYSE: PLD)
Sean Colleta, CCIM | Market Officer-Portland/Reno
EQT Exeter
Graham Gardner | VP, Industrial Investments

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