The transaction involved a four-property industrial portfolio encompassing locations at 21800 Authority Way, 1501 Cottontail Lane, 4400 Regent Boulevard, and 600 Enterprise Street. The assets, totaling 1,339,643 square feet, were sold for $343,000,000, which translates to $256 per square foot. The properties are situated in the markets of Riverside, Somerset, Irving, and Aurora.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $343,000,000
• Buyer: Ted Pick - Morgan Stanley
• Seller: Christian Meunier - Nissan North America Inc.
• Total Square Footage: 1,339,643
• Price Per Square Foot: $256

In this transaction, Morgan Stanley, represented by Ted Pick, acquired the industrial portfolio from Nissan North America, led by Christian Meunier. The transaction included a sale-leaseback agreement, in which Nissan committed to a 12-year lease on the properties. Notably, the largest asset within the portfolio was a 307,000-square-foot facility in Somerset, which sold for $145.1 million.