/

|

Mapletree Investments has sold a 2.4 million-square-foot industrial portfolio for $241.2 million to EQT Real Estate. The portfolio includes 10 bulk warehouse properties situated in the Sun Belt, close to growing innovation hubs across Florida, Georgia and Texas. The transaction is scheduled to fully wrap up later this year.

The deal comes after Mapletree’s recent sale of a 1.8 million-square-foot shallow bay industrial portfolio comprising 30 properties across the country. Earlier this month, the company sold the collection including assets in Florida, Georgia, New Jersey, Texas and Pennsylvania to Faropoint in a $328 million deal, representing the buyer’s largest acquisition since its inception.