ESR Kendall Square has sold Pyeongtaek Logistics Park to a Samsung SRA Asset Management vehicle backed by South Korea’s National Pension Service (NPS) for KRW 343 billion ($252.6 million), according to Mingtiandi.
The complex lies 3 kilometers (1.9 miles) from Pyeongtaek Port, a key gateway for China trade. Pyeongtaek Logistics Park spans 190,000 square meters (2 million square feet) on a 165,827-square-meter (1.78 million-square-foot) site in Poseung district of the Gyeonggi Free Economic Zone.
