EQT Exeter Real Estate Income Trust, Inc. is back on the acquisition front by adding a Washington State industrial property for $81.5 million.
The building, located at 2871 S. 102nd Street in Tukwila, spans 202,464 square feet. The Class A property in South Seattle was completed in 2021 and is 100 percent occupied by an undisclosed multinational online retailer according to a statement by EQT Exeter. The last-mile asset also has an investment-grade credit rating.
The industrial site remains is nearby to the Port of Seattle, Seattle International Airport, and freeways including Interstate 5, which provides access from Vancouver, B.C. to Mexico.
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