CBRE has successfully facilitated the sale of a three-building industrial portfolio in Seattle, WA and Portland, OR for $49.9 million to EQT Exeter.
The portfolio includes Northwest Corporate Park Building 11, a 207,082-square-foot distribution facility, as well as Kent 36 & 39 – consisting of a 63,500-square-foot distribution building and a smaller bay industrial building spanning over 42,o22 square feet.
Brett Hartzell and Paige Morgan from CBRE National Partners West led the transaction with support from local market experts Andrew Stark, Stuart Skaug and Cara Nolan on behalf of the institutional seller.
Strategically located in Seattle’s Kent Valley and Portland’s Northwest submarkets near major highways,the assets presented an attractive investment opportunity. “We were able to leverage our expertise in these key west coast markets to secure this deal for our client,” stated CBRE’s Morgan. “EQT Exeter recognized the value of acquiring these unique properties.”
