Ward Fitzgerald Of EQT Exeter Acquires Two Industrial Properties In American Canyon For $202M

The transaction involved two industrial properties located at 1 Middleton Way and 400 Boone Drive in American Canyon, spanning a total of 78 acres. The sale price was $202,000,000, encompassing a combined square footage of 1,348,000 square feet, which translates to a price per square foot of $150. The assets include a fully leased facility at 1 Middleton Way with 646,000 square feet and a partially leased property at 400 Boone Drive with 702,000 square feet.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $202,000,000
• Buyer: Ward Fitzgerald - EQT Exeter
• Seller: DWS
• Brokers: Christopher Neeb, Glen Dowling, Matt Bracco, Melinda Marino & Ryan Sitov - JLL

The transaction was facilitated by JLL, representing DWS as the seller. The deal was notable for EQT Exeter's acquisition of assets within the Napa Logistics Park, reflecting a strategic investment in the industrial sector. The representatives from JLL played a crucial role in managing the process to ensure a successful closing for both the buyer and seller.