EQT Exeter Acquires Minneapolis Industrial Portfolio From Prologis For $284.6M

An industrial portfolio in Minneapolis was sold for $284.6 million. The portfolio spans 5.1 million square feet and includes 23 properties, although sales documents only reference 14 properties. The buyer, Ward Fitzgerald of EQT Exeter, acquired the portfolio from the seller, Hamid Moghadam of Prologis. The transaction was facilitated by CBRE, with brokers Bentley Smith, Judd Welliver, Michael Caprile, Ryan Bain, and Zachary Graham representing the parties involved.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $284,600,000
• Address: Industrial Portfolio
• Market: Minneapolis
• SF: 5,100,000
• Price Per Square Foot: $56
• Buyer: Ward Fitzgerald - EQT Exeter
• Seller: Hamid Moghadam - Prologis
• Brokers: Bentley Smith, Judd Welliver, Michael Caprile, Ryan Bain, & Zachary Graham - CBRE

The acquisition of the industrial portfolio in Minneapolis was a significant deal involving key individuals such as Ward Fitzgerald, representing EQT Exeter as the buyer, and Hamid Moghadam, the seller from Prologis. The collaboration of brokers Bentley Smith, Judd Welliver, Michael Caprile, Ryan Bain, and Zachary Graham from CBRE played a vital role in facilitating the transaction, showcasing the expertise and teamwork involved in closing the deal.