DALLAS – Berkeley Partners has sold an 11-property, 52-building industrial portfolio totaling 1.63 million sf for $99.4 million.
The 87.3 percent-leased portfolio includes seven North Texas properties that total 1.07 million sf. The 28 warehouse and light industrial buildings are leased to 149 tenants.
The four remaining properties comprise 24 light industrial buildings in Atlanta. The 558,583-sf properties house 183 tenants.
HFF marketed the property. It also arranged $69.2 million in acquisition financing for the new owner, a partnership led by Circle Industrial and the FREO Group.
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