Exeter Property Group purchases light industrial portfolio for $148m

Adler Real Estate Partners has sold a 20-building, class A light industrial portfolio totaling 1.25 million square feet in Dallas, Houston, and Charlotte, N.C., for $148 million.

The buyer is Exeter Property Group.

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.