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Exeter buys 1.2 million-square-foot Wash. distribution center for $195M

Philadelphia-area-based real estate investor Exeter Property Group LLC purchased a 1.2 million-square-foot distribution center in Lewis County, Wash., from O'Keefe Development for $195 million, the Puget Sound Business Journal reported, citing public records.

The property at the port of Centralia is leased by United Natural Foods in a 20-year contract with options signed in 2018, the publication noted, citing O'Keefe Chairman and CEO Tom O'Keefe.

Exeter officials were not immediately available to respond to a request for comment, according to the report.