EQT Exeter has acquired two class A industrial buildings in American Canyon, Calif., totaling 1,348,000 square feet.
JLL represented the seller, a global investment advisor, in the sale to EQT Exeter.
The assets, situated in Napa Logistics Park, include 1 Middleton Way, a 646,000-square-foot facility on 41.8 acres, fully leased to IKEA. The property features a 32-foot clear height, cross-dock configuration with 150 loading docks, four grade-level doors and ESFR sprinklers. The second property, 400 Boone Drive, is a 702,000-square-foot building on 37.4 acres, 50 percent leased to Biagi Bros, Inc. This state-of-the-art facility boasts a 40-foot clear height, 130 loading docks, four grade-level doors and ESFR sprinklers.
The properties are situated 7.5 miles from the intersection of Interstate 80 and I-680 in Fairfield. The properties also offer premier access to multimodal transportation options and are surrounded by high-profile corporate neighbors in the area.
