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PHOENIX — Exeter Property Group has purchased a three-property industrial portfolio in metro Phoenix for $66 million. The portfolio contains a total of 937,655 square feet.
The acquisition includes the 603,909-square-foot Riverside Business Center; the 250,157-square-foot Estrella Buckeye distribution center; and the 83,589-square-foot 2021 S. 51st Ave. truck terminal facility. The portfolio is leased to six tenants.
JLL’s Bo Mills and Mark Detmer represented the seller, Duke Realty Corp., in this transaction.