EQT Exeter Acquires Industrial Portfolio In Portland And Kent From Prologis For $49.9M

EQT Exeter purchased an industrial portfolio comprising 312,604 square feet from Prologis. The assets involved in the transaction are located at 3601-3621 Northwest Yeon Avenue, 7620 South 192nd Street, and 8041 South 228th Street across the markets of Portland, OR, and Kent, WA. The sale was finalized for a total price of $49,900,000, equating to approximately $160 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $49,900,000
• Square Footage: 312,604
• Address: 3601-3621 Northwest Yeon Avenue, 7620 South 192nd Street & 8041 South 228th Street
• Market: Portland, OR & Kent, WA

The transaction involved key representatives from CBRE, including Andrew Stark, Brett Hartzell, Cara Nolan, Paige Morgan, and Stuart Skaug, who facilitated the deal on behalf of both the buyer and seller. The deal included a significant 207,082-square-foot distribution center located in Portland.