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INDUS Realty Trust has purchased a majority interest in a 4.3 million-square-foot industrial portfolio, comprising 21 buildings in Charlotte, N.C., and Charleston, S.C. Childress Klein owns The Carolinas Portfolio, now valued at $575 million.

The acquisition recapitalizes about one third of CK’s 13.2 million-square-foot logistics inventory. The firm retained a minority ownership stake and will continue to manage and lease the facilities.

Eastdil Secured worked on behalf of Childress Klein in arranging the transaction.