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Exeter Buys Big Suburban Portfolio

CHICAGO—The company and many other institutional investors are looking beyond the top submarkets in search of higher yields.

By Brian J. Rogal | Updated on April 14, 2015

CHICAGO—Exeter Property Group has just bought a 900,000 square foot, four-building industrial portfolio located around the perimeter of Chicago, stretching from the western and southern submarkets to northwest Indiana. The portfolio was sold by a fund managed by J.P. Morgan Asset Management. The sales price was not disclosed.

Erik Foster and Mike Wilson of Avison Young’s national industrial capital markets group handled the transaction, and Foster tells GlobeSt.com that the net lease purchase is part of a larger trend.

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