HFF sells USD148m light Industrial portfolio

HFF has completed the USD148 million sale of a 20-building, Class A, light industrial portfolio totalling 1.25 million square feet in Dallas and Houston, Texas, and Charlotte, North Carolina.

The HFF team marketed the property on behalf of the seller, Adler Real Estate Partners. Exeter Property Group purchased the portfolio.
 
The portfolio comprises Cardinal Park in Dallas; three properties in Houston, Bammel Business Park, Business Center at Park 10 and Legacy Park; and Shopton Ridge in Charlotte. All five properties are situated in highly desirable, infill submarkets with strong tenant demand.
 
The HFF investment advisory team representing the seller included managing director Adam Herrin and director Stephen Bailey along with senior managing directors Rusty Tamlyn and Chris Norvell, managing director Trent Agnew and director Patrick Nally.