14-Property Industrial Portfolio Trades Hands

The Meritex Co. and AEW Capital Management form a partnership to acquire the portfolio in Phoenix and Charlotte.

By Kelsi Maree Borland | November 20, 2019 at 04:00 AM

The Meritex Co. and AEW Capital Management have formed a partnership to acquire a 14-property industrial portfolio in Phoenix and Charlotte. The portfolio is valued at $106.7 million and totals 931,398 square feet.

The portfolio locations all have access to primary transportation arteries. Additionally, the partnership will continue the acquisition and select-development program Meritex has been successfully implementing for decades, acquiring core and core-plus, infill, multi-tenant industrial assets in high-growth markets.

The JLL Capital Markets team representing Meritex was led by Capital Markets Americas CEO Mark Gibson, senior managing director Trey Morsbach, managing director Adam Herrin, director Stephen Bailey and senior managing director Jeremy Womack.

NOT FOR REPRINT

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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