Radnor-based EQT Exeter is making the largest industrial deal the Twin Cities has seen in years with the purchase of a 24-warehouse portfolio in Minnesota, writes Caitlin Anderson for Philadelphia Business Journal.

The properties span more than five million square feet of space and have been sold to EQT Exeter for an undisclosed amount.

A public real estate filing with the Minnesota Department of Revenue for 13 of the properties indicates a combined sale price for those properties of over $257 million.

The seller is an owner and investor in logistics real estate–San Francisco-based Prologis Inc.

Matt Brodnik, a partner and chief investment officer at EQT Exeter, said in a statement the company plans to “locally serve many of our existing tenants and leverage our in-house leasing and property management teams to upgrade, reposition and re-lease the assemblage.”

The properties are now 90 percent leased by 54 different tenants, according to the company.

EQT Exeter is the real estate arm of Swedish investment firm EQT. It has been making major investments in real estate in other parts of the U.S, this year, including Austin, Texas and in California.

Read more about the EQT Exeter purchase in the Philadelphia Business Journal.