CHARLESTON-US Industrial REIT III, an affiliate of USAA Real Estate Co., acquired a 1.1 million-square-foot class A bulk distribution facility from joint venture partners The Rockefeller Group and MeadWestvaco Corporation.

Andrew Merin and Stewart Calhoun of Cushman & Wakefield represented the seller, with local assistance from Colliers Keenan. Merin did not return calls seeking comment on the deal. Calhoun declined to comment. The purchase price was not disclosed.

“Proximity to a growing major U.S port will continue to attract cargo traffic and the need for quality distribution space,” says USAA Real Estate Company Chairman and CEO Pat Duncan. The LEED Gold-certified cross-dock distribution facility occupies 124 acres in the Rockefeller Group-MeadWestvaco Foreign Trade Zone.